Altair Engineering Inc (ALTR) Director Sells $300,960.00 in Stock
Altair Engineering Inc (NASDAQ:ALTR) Director Jan Kowal sold 8,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $37.62, for a total value of $300,960.00. The sale was disclosed in a document filed with the SEC, which is available through this link.
ALTR stock opened at $39.02 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $2.72 billion, a PE ratio of 105.46 and a beta of 1.63. Altair Engineering Inc has a 1 year low of $25.28 and a 1 year high of $43.99.
A number of equities analysts have commented on the company. Needham & Company LLC increased their target price on Altair Engineering from $40.00 to $42.00 and gave the company a “buy” rating in a report on Thursday. ValuEngine raised Altair Engineering from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Finally, Zacks Investment Research upgraded Altair Engineering from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Wednesday, January 9th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $38.57.
Altair Engineering Company Profile
Altair Engineering Inc, together with its subsidiaries, provides software and cloud solutions worldwide. The company operates through two segments, Software and Client Engineering Services. Its integrated suite of multi-disciplinary computer aided engineering software optimizes design performance across various disciplines, including structures, motion, fluids, thermal management, electromagnetics, system modeling and embedded systems.
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