Altair Engineering Inc. (NASDAQ:ALTR) CAO Brian Gayle Sells 184 Shares

Altair Engineering Inc. (NASDAQ:ALTR) CAO Brian Gayle sold 184 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $111.45, for a total transaction of $20,506.80. Following the sale, the chief accounting officer now owns 18,190 shares in the company, valued at $2,027,275.50. This represents a 1.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Brian Gayle also recently made the following trade(s):

• On Wednesday, February 26th, Brian Gayle sold 137 shares of Altair Engineering stock. The shares were sold at an average price of $111.53, for a total transaction of $15,279.61.

Altair Engineering Stock Down 0.0 %

Shares of Altair Engineering stock opened at $111.32 on Thursday. The stock has a market capitalization of $9.55 billion, a P/E ratio of 654.82, a price-to-earnings-growth ratio of 10.75 and a beta of 1.45. The company has a 50-day simple moving average of $110.49 and a 200 day simple moving average of $102.79. Altair Engineering Inc. has a 12-month low of $75.71 and a 12-month high of $113.12.

Altair Engineering (NASDAQ:ALTR) last released its quarterly earnings data on Thursday, February 20th. The software reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.15). Altair Engineering had a return on equity of 8.08% and a net margin of 2.13%. The firm had revenue of $192.63 million for the quarter, compared to the consensus estimate of $182.98 million. On average, equities analysts anticipate that Altair Engineering Inc. will post 0.87 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. NBT Bank N A NY lifted its stake in Altair Engineering by 76.4% in the fourth quarter. NBT Bank N A NY now owns 247 shares of the software’s stock valued at $27,000 after buying an additional 107 shares in the last quarter. UMB Bank n.a. lifted its stake in Altair Engineering by 77.0% in the fourth quarter. UMB Bank n.a. now owns 285 shares of the software’s stock valued at $31,000 after buying an additional 124 shares in the last quarter. Johnson Financial Group Inc. bought a new position in Altair Engineering in the fourth quarter valued at approximately $37,000. GAMMA Investing LLC lifted its stake in Altair Engineering by 14.6% in the fourth quarter. GAMMA Investing LLC now owns 729 shares of the software’s stock valued at $80,000 after buying an additional 93 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in Altair Engineering by 185.5% in the fourth quarter. Blue Trust Inc. now owns 825 shares of the software’s stock valued at $90,000 after buying an additional 536 shares in the last quarter. Institutional investors own 63.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ALTR shares. Rosenblatt Securities restated a “neutral” rating and set a $113.00 price target on shares of Altair Engineering in a research note on Monday, February 24th. Needham & Company LLC reaffirmed a “hold” rating on shares of Altair Engineering in a report on Friday, February 21st. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat, Altair Engineering presently has a consensus rating of “Hold” and an average target price of $100.83.

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.