Altair Engineering Inc (NASDAQ:ALTR) Insider Brett R. Chouinard Sells 3,000 Shares
Altair Engineering Inc (NASDAQ:ALTR) insider Brett R. Chouinard sold 3,000 shares of the stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $39.83, for a total transaction of $119,490.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
NASDAQ:ALTR opened at $40.30 on Friday. Altair Engineering Inc has a 52 week low of $23.04 and a 52 week high of $42.91. The firm has a 50 day moving average of $38.60 and a 200 day moving average of $34.74. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of -201.50 and a beta of 1.60.
Altair Engineering (NASDAQ:ALTR) last posted its earnings results on Thursday, May 7th. The software reported $0.16 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.02. Altair Engineering had a negative net margin of 3.14% and a positive return on equity of 2.16%. The company had revenue of $131.50 million during the quarter, compared to analysts’ expectations of $128.74 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. Altair Engineering’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, analysts expect that Altair Engineering Inc will post -0.01 EPS for the current year.
A number of large investors have recently bought and sold shares of the stock. Rhumbline Advisers lifted its position in Altair Engineering by 0.8% during the first quarter. Rhumbline Advisers now owns 51,794 shares of the software’s stock valued at $1,373,000 after acquiring an additional 421 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Altair Engineering by 0.9% in the first quarter. First Trust Advisors LP now owns 59,237 shares of the software’s stock worth $2,181,000 after buying an additional 511 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Altair Engineering by 22.6% in the fourth quarter. Victory Capital Management Inc. now owns 2,825 shares of the software’s stock worth $101,000 after buying an additional 521 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Altair Engineering by 23.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,587 shares of the software’s stock worth $95,000 after buying an additional 693 shares during the last quarter. Finally, Advisor Group Holdings Inc. purchased a new position in shares of Altair Engineering in the first quarter worth $29,000. 52.92% of the stock is owned by institutional investors.
About Altair Engineering
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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