Altair Engineering chief people officer sells $47,302 in stock

Gilma Saravia, the Chief People Officer of Altair Engineering Inc. (NASDAQ:ALTR), recently executed a sale of company stock. According to a filing with the Securities and Exchange Commission, Saravia sold 425 shares of Altair’s Class A Common Stock on March 18, 2025, at a price of $111.30 per share. The transaction amounted to a total value of $47,302. The sale comes as Altair’s stock trades near its 52-week high of $113.12, having delivered a strong 38% return over the past year. According to InvestingPro analysis, the company currently appears overvalued relative to its Fair Value.

This sale was conducted to satisfy tax withholding obligations related to the vesting of restricted stock units. Following the transaction, Saravia holds 22,097 shares of Altair, which includes 11,194 unvested restricted stock units. With a market capitalization of $9.57 billion and an overall Financial Health score rated as "GOOD" by InvestingPro, Altair maintains strong fundamentals. Discover more insights about ALTR and 1,400+ other stocks with comprehensive Pro Research Reports, available exclusively on InvestingPro.

In other recent news, Altria Group (NYSE:MO) reported a strong financial performance for the third quarter of 2024, highlighted by a 19% increase in revenues compared to the previous year. The company’s EBITDA surged by an impressive 244% year-on-year, and net debt was reduced by 23%, signaling a solid financial position. The firm did not provide specific earnings per share forecasts but emphasized ongoing investments in product innovation and operational efficiency. Analysts noted the company’s strategic focus on reducing net debt and enhancing operational efficiency amid challenging global market conditions. In addition to financial results, Altria Group has been recognized for its sustainability efforts, ranking first globally in the ESG risk rating for the paper and pulp sub-industry by Stenalytics. The company is also advancing its diversification projects, including the conversion of the Biotech mill to dissolving wood pulp and the Kaima project for acetic acid and furfural, expected to drive future growth. Despite operational risks, such as an incident in the core generation turbine that may impact Q4 results, Altria maintains a positive outlook for the 2025-2028 period. The company anticipates demand stabilization and market recovery, with CEO Jose Pina expressing confidence in strategic growth initiatives.

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