Brett R. Chouinard Sells 3,000 Shares of Altair Engineering Inc (NASDAQ:ALTR) Stock
Altair Engineering Inc (NASDAQ:ALTR) insider Brett R. Chouinard sold 3,000 shares of the business’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $39.83, for a total value of $119,490.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
ALTR stock opened at $40.30 on Friday. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.56. The company’s 50 day moving average is $38.60 and its 200 day moving average is $34.74. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 447.78 and a beta of 1.60. Altair Engineering Inc has a 1-year low of $23.04 and a 1-year high of $42.91.
Altair Engineering (NASDAQ:ALTR) last posted its quarterly earnings data on Thursday, May 7th. The software reported $0.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.02. The company had revenue of $131.50 million for the quarter, compared to analysts’ expectations of $128.74 million. Altair Engineering had a negative net margin of 3.14% and a positive return on equity of 2.16%. Altair Engineering’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.23 earnings per share. As a group, sell-side analysts forecast that Altair Engineering Inc will post -0.01 EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of ALTR. Advisor Group Holdings Inc. bought a new position in shares of Altair Engineering in the first quarter worth approximately $29,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Altair Engineering by 23.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,587 shares of the software’s stock valued at $95,000 after purchasing an additional 693 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Altair Engineering by 22.6% during the fourth quarter. Victory Capital Management Inc. now owns 2,825 shares of the software’s stock valued at $101,000 after purchasing an additional 521 shares during the period. Keebeck Alpha LP purchased a new stake in shares of Altair Engineering during the first quarter valued at approximately $208,000. Finally, CNA Financial Corp purchased a new stake in shares of Altair Engineering during the first quarter valued at approximately $216,000. Institutional investors own 52.92% of the company’s stock.
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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