Altair Engineering Inc. (NASDAQ:ALTR – Get Free Report) major shareholder R. Scapa Declaration Of James sold 6,500 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $93.16, for a total value of $605,540.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Altair Engineering Price Performance
ALTR traded up $1.49 on Tuesday, hitting $94.41. 849,537 shares of the company’s stock traded hands, compared to its average volume of 412,265. The company’s 50 day simple moving average is $85.75 and its 200-day simple moving average is $83.50. The firm has a market cap of $7.84 billion, a price-to-earnings ratio of 1,049.00, a P/E/G ratio of 10.75 and a beta of 1.45. Altair Engineering Inc. has a one year low of $57.59 and a one year high of $96.84. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 0.30.
Altair Engineering (NASDAQ:ALTR – Get Free Report) last issued its earnings results on Thursday, May 2nd. The software reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.06. The company had revenue of $172.91 million for the quarter, compared to the consensus estimate of $169.29 million. Altair Engineering had a return on equity of 5.60% and a net margin of 1.55%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the company earned $0.13 EPS. As a group, research analysts anticipate that Altair Engineering Inc. will post 0.66 EPS for the current year.
Hedge Funds Weigh In On Altair Engineering
Analyst Upgrades and Downgrades
ALTR has been the topic of a number of research analyst reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $90.00 target price on shares of Altair Engineering in a research note on Thursday, March 21st. JPMorgan Chase & Co. increased their price objective on Altair Engineering from $86.00 to $95.00 and gave the company an “overweight” rating in a research report on Tuesday, March 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price objective on shares of Altair Engineering in a research report on Friday, May 3rd. Rosenblatt Securities reaffirmed a “neutral” rating and set a $88.00 price objective on shares of Altair Engineering in a research report on Monday, April 29th. Finally, Oppenheimer increased their price objective on Altair Engineering from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $94.60.
Read Our Latest Report on Altair Engineering
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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