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James Ralph Scapa, CEO of Altair Engineering Inc. (NASDAQ:ALTR), recently sold a small portion of his holdings in the company. According to a Form 4 filing with the Securities and Exchange Commission, Scapa sold nine shares of Class A Common Stock on March 17, 2025, at a price of $111.30 per share, amounting to a total transaction value of $1,001. The shares were sold to satisfy tax withholding obligations related to the vesting of restricted stock units.The transaction occurs as Altair, now valued at $9.6 billion, trades near its 52-week high of $113.12. InvestingPro analysis indicates the stock appears overvalued, with a "GOOD" Financial Health score and strong momentum, having gained 38% over the past year.
Following this transaction, Scapa holds 190,505 shares of Altair Engineering’s Class A Common Stock, which includes 129,152 unvested restricted stock units. The shares sold were indirectly owned by Scapa through his wife.For deeper insights into insider trading patterns and comprehensive valuation metrics, access the full InvestingPro Research Report, which includes detailed analysis of Altair’s financial health and growth prospects.
In other recent news, Altria Group (NYSE:MO) has reported a strong performance for the third quarter of 2024, with revenues increasing by 19% year-on-year. The company’s EBITDA saw a significant surge of 244% compared to the previous year, highlighting robust financial health. Additionally, Altria achieved a 23% reduction in net debt during the quarter, further strengthening its financial leverage. The company continues to invest in product innovation and operational efficiency, which aligns with its strategic goals. Analysts have noted the positive financial results, though specific stock upgrades or downgrades were not mentioned. Altria is also advancing with its growth projects, including the conversion of the Biotech mill to dissolving wood pulp, expected to be completed by the end of 2026. The company’s CEO, Jose Pina, expressed confidence in the strategic direction and anticipated further progress on growth initiatives during 2025. Despite challenges in the global market, particularly in China, Altria maintains a positive outlook for demand stabilization and market recovery in the coming years.
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