Altair Engineering Inc. (NASDAQ:ALTR - Get Free Report) CMO Amy Messano sold 416 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $111.30, for a total transaction of $46,300.80. Following the transaction, the chief marketing officer now directly owns 22,980 shares in the company, valued at $2,557,674. This represents a 1.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Amy Messano also recently made the following trade(s):
- On Monday, March 3rd, Amy Messano sold 255 shares of Altair Engineering stock. The stock was sold at an average price of $111.45, for a total value of $28,419.75.
- On Wednesday, February 26th, Amy Messano sold 235 shares of Altair Engineering stock. The shares were sold at an average price of $111.53, for a total transaction of $26,209.55.
Altair Engineering Price Performance
ALTR stock traded up $0.21 during midday trading on Friday, reaching $111.75. 1,906,931 shares of the stock were exchanged, compared to its average volume of 655,166. Altair Engineering Inc. has a 52 week low of $75.71 and a 52 week high of $113.12. The company has a fifty day moving average price of $110.91 and a 200 day moving average price of $104.62. The stock has a market capitalization of $9.59 billion, a PE ratio of 657.35, a P/E/G ratio of 10.75 and a beta of 1.45.
Altair Engineering (NASDAQ:ALTR - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The software reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.51 by ($0.15). Altair Engineering had a net margin of 2.13% and a return on equity of 8.08%. The business had revenue of $192.63 million during the quarter, compared to the consensus estimate of $182.98 million. As a group, analysts anticipate that Altair Engineering Inc. will post 0.87 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on ALTR shares. Needham & Company LLC restated a "hold" rating on shares of Altair Engineering in a research note on Friday, February 21st. Rosenblatt Securities reiterated a "neutral" rating and issued a $113.00 target price on shares of Altair Engineering in a research report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $100.83.
View Our Latest Research Report on Altair Engineering
Institutional Investors Weigh In On Altair Engineering
Several large investors have recently added to or reduced their stakes in ALTR. Magnetar Financial LLC bought a new stake in Altair Engineering in the 4th quarter valued at about $62,142,000. Norges Bank purchased a new position in shares of Altair Engineering during the fourth quarter valued at approximately $37,899,000. Schonfeld Strategic Advisors LLC raised its holdings in shares of Altair Engineering by 13,097.8% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 331,528 shares of the software's stock valued at $36,173,000 after purchasing an additional 329,016 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Altair Engineering by 4.8% during the fourth quarter. Vanguard Group Inc. now owns 6,894,230 shares of the software's stock worth $752,229,000 after purchasing an additional 317,575 shares during the last quarter. Finally, Woodline Partners LP bought a new stake in Altair Engineering in the 4th quarter worth about $32,733,000. Institutional investors and hedge funds own 63.38% of the company's stock.
About Altair Engineering
(
Get Free Report)
Altair Engineering Inc, together with its subsidiaries, provides software and cloud solutions in the areas of simulation and design, high-performance computing, data analytics, and artificial intelligence in the United States and internationally. It operates in two segments, Software and Client Engineering Services.
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