Altair Engineering’s chief product strategy officer sells $25,487 in stock

In a recent transaction, Ravi Kunju, the Chief Product Strategy Officer at Altair Engineering Inc. (NASDAQ:ALTR), a $9.6 billion market cap technology company with a "GOOD" InvestingPro Financial Health rating, sold 229 shares of the company’s common stock. The shares were sold on March 17, 2025, at a price of $111.30 each, amounting to a total of $25,487. Following this transaction, Kunju holds 34,388 shares, which includes 9,913 unvested restricted stock units. The sale was made to satisfy tax withholding obligations related to the vesting of restricted stock units. The stock has gained 28.5% over the past year and currently trades near its 52-week high of $113.12. According to InvestingPro analysis, ALTR appears overvalued at current levels. Discover more insights and access the comprehensive Pro Research Report, along with 12+ additional ProTips, by subscribing to InvestingPro.

In other recent news, Altria Group (NYSE:MO) reported a robust financial performance for 2024, with a 9% increase in revenues reaching €218 million. The company’s EBITDA surged by 59%, maintaining a 26% margin compared to 17% in 2023, while net profit doubled to €107 million. Altria successfully reduced its net debt by 40% to €214 million, achieving a net debt to EBITDA ratio of 1x. Looking forward to 2025, the company anticipates stable cash costs and plans capital expenditures between €50-60 million, with an expected production of approximately 50,000 tons of dissolving pulp. The Gamma Project is pending an environmental license, which could enhance growth prospects. The company also signed a contract to acquire Granalia Forest and Granalia Logistics, aiming to strengthen its presence in Galicia. These developments reflect Altria’s strategic focus on cost management and leveraging market opportunities to sustain its competitive position.

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