Altair Engineering’s chief people officer sells $29,422 in stock

TROY, Mich.—Saravia Gilma, the Chief People Officer at Altair Engineering Inc. (NASDAQ:ALTR), recently executed a stock transaction involving the company’s Class A Common Stock. On March 3, 2025, Gilma sold 264 shares at a price of $111.45 each, amounting to a total sale of $29,422. The transaction comes as Altair, with a market capitalization of $9.6 billion, trades near its 52-week high of $113.12, having gained over 36% in the past year. According to InvestingPro analysis, the company currently appears overvalued, though it maintains a "GOOD" Financial Health score.

This transaction was conducted to satisfy tax withholding obligations related to the vesting of restricted stock units. Following this sale, Gilma holds 22,522 shares of Altair Engineering, which includes 12,669 unvested restricted stock units. For deeper insights into insider transactions and comprehensive analysis, investors can access the detailed Pro Research Report available on InvestingPro, covering this and 1,400+ other top US stocks.

In other recent news, Altria Group (NYSE:MO) reported a strong financial performance for the third quarter of 2024. The company experienced a 19% increase in revenues year-on-year and a remarkable 244% rise in EBITDA compared to the previous year. Additionally, Altria Group managed to reduce its net debt by 23% during the quarter, reflecting improvements in its financial leverage. The company’s strategic initiatives, including ongoing investments in product innovation and operational efficiency, continue to bolster its financial health. Analysts have noted these developments, with firms like GB Capital and Caixa Bank participating in the earnings call to discuss the company’s financial outlook and operational strategies. Altria Group’s management highlighted a positive outlook for the coming years, particularly in the pulp market, where demand stabilization is expected. The company is also advancing with its growth projects, including the conversion of the Biotech mill to dissolving wood pulp and the Kaima project for acetic acid and furfural. Despite operational challenges, such as an incident with the core generation turbine, Altria remains committed to executing its strategic plan and delivering value to shareholders.

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