S&P 500 eases slightly from fresh record high after stronger economic growth
Altair Engineering Inc. (NASDAQ:ALTR) Chief Operating Officer Stephanie Buckner recently sold a portion of her holdings in the company. According to a filing with the Securities and Exchange Commission, Buckner disposed of 47 shares of Class A common stock on March 17, 2025. The shares were sold at a price of $111.30 each, amounting to a total transaction value of $5,231. The transaction occurred near the stock’s 52-week high of $113.12, with the company now valued at $9.57 billion. InvestingPro analysis indicates the stock is trading above its Fair Value, with analysts maintaining a Hold consensus.
This sale was conducted to satisfy tax withholding obligations related to the vesting of restricted stock units. Following the transaction, Buckner retains ownership of 7,588 shares indirectly through her husband, including 1,431 unvested restricted stock units. Additionally, she holds 31,352 shares directly, with 17,141 of those being unvested restricted stock units. InvestingPro data shows Altair maintains a "GOOD" overall financial health score, with particularly strong momentum and growth metrics. Discover more insights and 12+ additional ProTips with an InvestingPro subscription, including the comprehensive Pro Research Report available for this stock.
In other recent news, Altria Group (NYSE:MO) announced a substantial increase in its financial performance for the third quarter of 2024. The company reported a 19% rise in revenues compared to the previous year, alongside a significant 244% surge in EBITDA. Altria also managed to reduce its net debt by 23% during the quarter, indicating improved financial leverage. The company is focused on growth projects, such as the conversion of the Biotech mill to dissolving wood pulp and the Kaima project for acetic acid and furfural, which are expected to drive future growth. Additionally, Altria’s CEO, Jose Pina, expressed confidence in the company’s strategic direction, highlighting the potential for market recovery and further progress in growth projects during 2025. Analysts noted the company’s strategic focus on reducing net debt and enhancing operational efficiency. However, challenges such as market demand fluctuations, particularly in China, and operational risks remain. The company has also been recognized for its sustainability efforts, ranking first among 58 companies in the paper and pulp sub-industry in the ESG risk rating of 2024.
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