Altair Engineering Inc (NASDAQ:ALTR) Insider Sells $72,600.00 in Stock

Altair Engineering Inc (NASDAQ:ALTR) insider Uwe Schramm sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $36.30, for a total transaction of $72,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Uwe Schramm also recently made the following trade(s):

  • On Wednesday, May 1st, Uwe Schramm sold 2,000 shares of Altair Engineering stock. The stock was sold at an average price of $38.57, for a total transaction of $77,140.00.

NASDAQ ALTR opened at $37.17 on Friday. Altair Engineering Inc has a one year low of $25.28 and a one year high of $43.99. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.19 and a current ratio of 1.21. The company has a market capitalization of $2.62 billion, a P/E ratio of 100.46 and a beta of 1.60.

Altair Engineering (NASDAQ:ALTR) last posted its quarterly earnings results on Thursday, May 9th. The software reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.04. Altair Engineering had a net margin of 0.50% and a return on equity of 8.25%. The firm had revenue of $127.86 million for the quarter, compared to analyst estimates of $125.82 million. During the same quarter last year, the firm posted $0.35 earnings per share. Altair Engineering’s revenue for the quarter was up 12.9% compared to the same quarter last year. Equities research analysts predict that Altair Engineering Inc will post 0.45 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of ALTR. Polar Capital LLP purchased a new position in Altair Engineering in the fourth quarter valued at approximately $20,295,000. BlackRock Inc. raised its holdings in Altair Engineering by 15.3% in the third quarter. BlackRock Inc. now owns 2,536,341 shares of the software’s stock valued at $110,204,000 after buying an additional 337,323 shares during the period. Marshall Wace LLP raised its holdings in Altair Engineering by 1,381.5% in the third quarter. Marshall Wace LLP now owns 306,531 shares of the software’s stock valued at $13,319,000 after buying an additional 285,840 shares during the period. Vanguard Group Inc raised its holdings in Altair Engineering by 11.4% in the third quarter. Vanguard Group Inc now owns 2,733,081 shares of the software’s stock valued at $118,752,000 after buying an additional 280,056 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Altair Engineering by 11.4% in the third quarter. Vanguard Group Inc. now owns 2,733,081 shares of the software’s stock valued at $118,752,000 after buying an additional 280,056 shares during the period. Hedge funds and other institutional investors own 38.23% of the company’s stock.

Several equities research analysts recently issued reports on ALTR shares. Guggenheim started coverage on shares of Altair Engineering in a research report on Tuesday, March 19th. They issued a “neutral” rating and a $37.70 target price on the stock. ValuEngine raised shares of Altair Engineering from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Zacks Investment Research cut shares of Altair Engineering from a “buy” rating to a “hold” rating in a research report on Monday, March 18th. Finally, Needham & Company LLC raised their target price on shares of Altair Engineering from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $38.67.

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Altair Engineering Company Profile

Altair Engineering Inc, together with its subsidiaries, provides software and cloud solutions worldwide. The company operates through two segments, Software and Client Engineering Services. Its integrated suite of multi-disciplinary computer aided engineering software optimizes design performance across various disciplines, including structures, motion, fluids, thermal management, electromagnetics, system modeling and embedded systems.

See Also: Book Value Per Share – BVPS

Insider Buying and Selling by Quarter for Altair Engineering (NASDAQ:ALTR)

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