Altair Engineering Inc (NASDAQ:ALTR) Insider James Dagg Sells 1,160 Shares

Altair Engineering Inc (NASDAQ:ALTR) insider James Dagg sold 1,160 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $35.14, for a total transaction of $40,762.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

James Dagg also recently made the following trade(s):

  • On Thursday, July 11th, James Dagg sold 8,000 shares of Altair Engineering stock. The stock was sold at an average price of $42.04, for a total transaction of $336,320.00.
  • On Tuesday, June 11th, James Dagg sold 8,000 shares of Altair Engineering stock. The stock was sold at an average price of $35.09, for a total transaction of $280,720.00.

ALTR stock traded down $0.04 during trading on Thursday, reaching $34.06. The company had a trading volume of 5,583 shares, compared to its average volume of 455,697. Altair Engineering Inc has a 52 week low of $25.28 and a 52 week high of $43.99. The stock has a market cap of $2.41 billion, a P/E ratio of 91.32 and a beta of 1.40. The business’s 50 day moving average price is $40.67. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.06 and a current ratio of 1.09.



Altair Engineering (NASDAQ:ALTR) last released its quarterly earnings results on Thursday, August 8th. The software reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.02. Altair Engineering had a net margin of 1.48% and a return on equity of 10.57%. The company had revenue of $106.80 million during the quarter, compared to the consensus estimate of $108.69 million. During the same period in the prior year, the firm earned $0.05 earnings per share. Altair Engineering’s revenue was up 13.7% on a year-over-year basis. Analysts forecast that Altair Engineering Inc will post 0.49 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Nuveen Asset Management LLC bought a new position in shares of Altair Engineering during the second quarter valued at approximately $11,712,000. OneAscent Financial Services LLC bought a new position in shares of Altair Engineering during the second quarter valued at approximately $224,000. UBS Asset Management Americas Inc. bought a new position in shares of Altair Engineering during the second quarter valued at approximately $929,000. Jane Street Group LLC bought a new position in shares of Altair Engineering during the second quarter valued at approximately $833,000. Finally, Balyasny Asset Management LLC bought a new position in shares of Altair Engineering during the second quarter valued at approximately $12,317,000. 39.85% of the stock is owned by institutional investors.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Altair Engineering from a “hold” rating to a “sell” rating in a research note on Wednesday. ValuEngine downgraded shares of Altair Engineering from a “buy” rating to a “hold” rating in a research note on Saturday, May 18th. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price target (down from $42.00) on shares of Altair Engineering in a research note on Monday. Finally, Deutsche Bank downgraded shares of Altair Engineering from a “buy” rating to a “hold” rating and set a $36.00 price target for the company. in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Altair Engineering has a consensus rating of “Hold” and an average target price of $39.14.

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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Insider Buying and Selling by Quarter for Altair Engineering (NASDAQ:ALTR)

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