Altair Engineering Inc. (NASDAQ:ALTR) CRO Sells $54,721.95 in Stock

Altair Engineering Inc. (NASDAQ:ALTR) CRO Nelson Dias sold 491 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $111.45, for a total transaction of $54,721.95. Following the sale, the executive now directly owns 57,082 shares in the company, valued at $6,361,788.90. The trade was a 0.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Nelson Dias also recently made the following trade(s):

• On Wednesday, February 26th, Nelson Dias sold 373 shares of Altair Engineering stock. The stock was sold at an average price of $111.53, for a total value of $41,600.69.
• On Tuesday, December 10th, Nelson Dias sold 22,500 shares of Altair Engineering stock. The shares were sold at an average price of $106.23, for a total transaction of $2,390,175.00.

Altair Engineering Price Performance

Shares of NASDAQ:ALTR traded up $0.05 during trading on Wednesday, hitting $111.39. The company had a trading volume of 135,343 shares, compared to its average volume of 760,628. The stock has a market cap of $9.56 billion, a price-to-earnings ratio of 655.38, a price-to-earnings-growth ratio of 10.75 and a beta of 1.45. The company has a fifty day simple moving average of $110.44 and a two-hundred day simple moving average of $102.73. Altair Engineering Inc. has a one year low of $75.71 and a one year high of $113.12.

Altair Engineering (NASDAQ:ALTR) last announced its earnings results on Thursday, February 20th. The software reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $182.98 million. On average, equities research analysts anticipate that Altair Engineering Inc. will post 0.87 earnings per share for the current year.

Institutional Trading of Altair Engineering

A number of hedge funds and other institutional investors have recently bought and sold shares of ALTR. NBT Bank N A NY increased its stake in Altair Engineering by 76.4% in the 4th quarter. NBT Bank N A NY now owns 247 shares of the software’s stock worth $27,000 after buying an additional 107 shares during the period. UMB Bank n.a. boosted its holdings in shares of Altair Engineering by 77.0% in the fourth quarter. UMB Bank n.a. now owns 285 shares of the software’s stock valued at $31,000 after purchasing an additional 124 shares during the period. Johnson Financial Group Inc. bought a new position in Altair Engineering in the fourth quarter worth approximately $37,000. GAMMA Investing LLC raised its position in Altair Engineering by 14.6% during the 4th quarter. GAMMA Investing LLC now owns 729 shares of the software’s stock valued at $80,000 after purchasing an additional 93 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Altair Engineering by 185.5% in the 4th quarter. Blue Trust Inc. now owns 825 shares of the software’s stock worth $90,000 after buying an additional 536 shares during the period. Hedge funds and other institutional investors own 63.38% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on ALTR. Needham & Company LLC reiterated a “hold” rating on shares of Altair Engineering in a research report on Friday, February 21st. Rosenblatt Securities reiterated a “neutral” rating and issued a $113.00 price target on shares of Altair Engineering in a 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 stock. According to MarketBeat.com, Altair Engineering has a consensus rating of “Hold” and a consensus target price of $100.83.

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.