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Altair Engineering Inc. (NASDAQ:ALTR) Insider Sells 90 Shares

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Altair Engineering Inc. (NASDAQ:ALTR - Get Free Report) insider Jeffrey Marraccini sold 90 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $111.30, for a total transaction of $10,017.00. Following the transaction, the insider now directly owns 5,462 shares in the company, valued at approximately $607,920.60. This trade represents a 1.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Jeffrey Marraccini also recently made the following trade(s):

  • On Monday, March 3rd, Jeffrey Marraccini sold 197 shares of Altair Engineering stock. The shares were sold at an average price of $111.45, for a total transaction of $21,955.65.

Altair Engineering Stock Performance

Shares of ALTR stock traded up $0.21 during midday trading on Friday, reaching $111.75. 1,906,931 shares of the company were exchanged, compared to its average volume of 655,166. Altair Engineering Inc. has a 12 month low of $75.71 and a 12 month high of $113.12. The company has a market cap of $9.59 billion, a P/E ratio of 657.35, a PEG ratio of 10.75 and a beta of 1.45. The company's 50 day moving average price is $110.91 and its two-hundred day moving average price is $104.62.

Altair Engineering (NASDAQ:ALTR - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The software reported $0.36 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.15). The business had revenue of $192.63 million during the quarter, compared to the consensus estimate of $182.98 million. Altair Engineering had a return on equity of 8.08% and a net margin of 2.13%. As a group, sell-side analysts predict that Altair Engineering Inc. will post 0.87 earnings per share for the current year.

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Analysts Set New Price Targets

ALTR has been the topic of several research reports. Rosenblatt Securities reiterated a "neutral" rating and issued a $113.00 price target on shares of Altair Engineering in a research report on Monday, February 24th. Needham & Company LLC restated a "hold" rating on shares of Altair Engineering in a research report on Friday, February 21st. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $100.83.

Read Our Latest Research Report on ALTR

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. NBT Bank N A NY lifted its stake in Altair Engineering by 76.4% during the fourth quarter. NBT Bank N A NY now owns 247 shares of the software's stock valued at $27,000 after buying an additional 107 shares in the last quarter. UMB Bank n.a. raised its position in Altair Engineering by 77.0% during the fourth quarter. UMB Bank n.a. now owns 285 shares of the software's stock valued at $31,000 after buying an additional 124 shares during the period. Johnson Financial Group Inc. acquired a new position in Altair Engineering during the fourth quarter valued at $37,000. GAMMA Investing LLC lifted its stake in Altair Engineering by 14.6% in the 4th quarter. GAMMA Investing LLC now owns 729 shares of the software's stock worth $80,000 after acquiring an additional 93 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in Altair Engineering by 185.5% during the 4th quarter. Blue Trust Inc. now owns 825 shares of the software's stock valued at $90,000 after acquiring an additional 536 shares in the last quarter. 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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Insider Buying and Selling by Quarter for Altair Engineering (NASDAQ:ALTR)

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