Altair Engineering Inc (NASDAQ:ALTR) Insider James Dagg Sells 6,840 Shares

Altair Engineering Inc (NASDAQ:ALTR) insider James Dagg sold 6,840 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $35.18, for a total transaction of $240,631.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

  • On Monday, August 12th, James Dagg sold 1,160 shares of Altair Engineering stock. The shares were sold at an average price of $35.14, for a total transaction of $40,762.40.
  • On Thursday, July 11th, James Dagg sold 8,000 shares of Altair Engineering stock. The shares were 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 shares were sold at an average price of $35.09, for a total transaction of $280,720.00.

Shares of Altair Engineering stock traded down $0.48 on Thursday, hitting $33.03. The company had a trading volume of 40,081 shares, compared to its average volume of 504,044. The firm has a market capitalization of $2.47 billion, a P/E ratio of 89.27 and a beta of 1.40. Altair Engineering Inc has a twelve month low of $25.28 and a twelve month high of $43.99. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.58 and a quick ratio of 2.58. The stock has a 50-day moving average of $39.84 and a 200-day moving average of $37.50.

Altair Engineering (NASDAQ:ALTR) last released its quarterly earnings results on Thursday, August 8th. The software reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.02. The company had revenue of $106.80 million during the quarter, compared to analysts’ expectations of $108.69 million. Altair Engineering had a net margin of 1.48% and a return on equity of 9.71%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.05 earnings per share. Equities analysts predict that Altair Engineering Inc will post 0.49 EPS for the current year.

A number of brokerages recently issued reports on ALTR. Deutsche Bank cut shares of Altair Engineering from a “buy” rating to a “hold” rating and set a $36.00 price objective for the company. in a report on Friday, August 9th. Zacks Investment Research cut shares of Altair Engineering from a “hold” rating to a “sell” rating in a report on Wednesday, August 14th. ValuEngine cut shares of Altair Engineering from a “buy” rating to a “hold” rating in a report on Saturday, May 18th. Finally, Needham & Company LLC restated a “buy” rating and set a $40.00 price objective (down previously from $42.00) on shares of Altair Engineering in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $39.14.

Institutional investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors acquired a new position in shares of Altair Engineering in the second quarter valued at approximately $39,000. Advisor Group Inc. boosted its holdings in shares of Altair Engineering by 63.7% in the second quarter. Advisor Group Inc. now owns 1,020 shares of the software’s stock valued at $41,000 after buying an additional 397 shares during the period. Hilton Capital Management LLC bought a new stake in shares of Altair Engineering in the first quarter worth $50,000. Tower Research Capital LLC TRC lifted its position in shares of Altair Engineering by 116.4% in the second quarter. Tower Research Capital LLC TRC now owns 1,751 shares of the software’s stock worth $71,000 after purchasing an additional 942 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Altair Engineering in the second quarter worth $73,000. Institutional investors own 45.84% 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.

Featured Article: Municipal Bonds

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

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.