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.
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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