Altair Engineering Inc (NASDAQ:ALTR) President Brett R. Chouinard sold 7,998 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $34.13, for a total value of $272,971.74. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of ALTR stock traded up $0.48 during midday trading on Thursday, hitting $36.43. The company had a trading volume of 17,720 shares, compared to its average volume of 209,099. Altair Engineering Inc has a 52-week low of $25.28 and a 52-week high of $43.99. The company has a market capitalization of $2.52 billion, a P/E ratio of 98.57 and a beta of 1.60. The company has a current ratio of 1.09, a quick ratio of 1.06 and a debt-to-equity ratio of 0.12.
Altair Engineering (NASDAQ:ALTR) last announced its earnings results on Thursday, May 9th. The software reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.04. Altair Engineering had a return on equity of 11.56% and a net margin of 2.62%. The company had revenue of $127.86 million for the quarter, compared to the consensus estimate of $125.82 million. During the same period last year, the business posted $0.35 EPS. The company’s revenue was up 12.9% on a year-over-year basis. As a group, equities analysts predict that Altair Engineering Inc will post 0.45 earnings per share for the current fiscal year.
A number of research firms recently issued reports on ALTR. Zacks Investment Research upgraded Altair Engineering from a “sell” rating to a “hold” rating in a research note on Monday, May 6th. Guggenheim assumed coverage on Altair Engineering in a research note on Tuesday, March 19th. They issued a “neutral” rating and a $37.70 target price on the stock. Needham & Company LLC lifted their target price on Altair Engineering from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Finally, ValuEngine upgraded Altair Engineering from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Altair Engineering has an average rating of “Hold” and a consensus price target of $38.67.
WARNING: This report was first reported by Markets Daily and is owned by of Markets Daily. If you are accessing this report on another website, it was stolen and republished in violation of United States & international trademark and copyright legislation. The legal version of this report can be viewed at https://www.themarketsdaily.com/2019/05/16/altair-engineering-inc-altr-president-sells-272971-74-in-stock.html.
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.
Featured Article: What are defining characteristics of a correction?
Receive News & Ratings for Altair Engineering Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altair Engineering and related companies with MarketBeat.com's FREE daily email newsletter.