Altair Engineering Inc. (NASDAQ:ALTR – Get Free Report) CEO James Ralph Scapa sold 13,000 shares of Altair Engineering stock in a transaction on Friday, November 29th. The shares were sold at an average price of $105.69, for a total value of $1,373,970.00. Following the completion of the transaction, the chief executive officer now owns 134,045 shares in the company, valued at $14,167,216.05. This represents a 8.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
James Ralph Scapa also recently made the following trade(s):
- On Monday, October 28th, James Ralph Scapa sold 13,000 shares of Altair Engineering stock. The shares were sold at an average price of $102.59, for a total value of $1,333,670.00.
- On Monday, September 30th, James Ralph Scapa sold 13,000 shares of Altair Engineering stock. The shares were sold at an average price of $95.10, for a total transaction of $1,236,300.00.
Altair Engineering Price Performance
Shares of ALTR opened at $105.30 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.27 and a quick ratio of 3.27. The company’s fifty day moving average price is $100.72 and its 200-day moving average price is $94.70. Altair Engineering Inc. has a 1-year low of $70.07 and a 1-year high of $113.12. The firm has a market capitalization of $8.96 billion, a PE ratio of 277.11, a price-to-earnings-growth ratio of 12.16 and a beta of 1.44.
Institutional Trading of Altair Engineering
Wall Street Analysts Forecast Growth
Several research analysts recently commented on ALTR shares. Loop Capital reiterated a “hold” rating and set a $113.00 price objective on shares of Altair Engineering in a research note on Thursday, October 31st. Rosenblatt Securities upped their price target on Altair Engineering from $88.00 to $113.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. William Blair reissued a “market perform” rating on shares of Altair Engineering in a research report on Thursday, October 31st. Wolfe Research downgraded Altair Engineering from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 3rd. Finally, Needham & Company LLC reiterated a “hold” rating and issued a $100.00 price target on shares of Altair Engineering in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Altair Engineering has a consensus rating of “Hold” and a consensus price target of $100.71.
View Our Latest Analysis on ALTR
Altair Engineering Company Profile
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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