Uwe Schramm Sells 2,000 Shares of Altair Engineering Inc (NASDAQ:ALTR) Stock

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Altair Engineering Inc (NASDAQ:ALTR) insider Uwe Schramm sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $41.14, for a total transaction of $82,280.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Uwe Schramm also recently made the following trade(s):

  • On Monday, July 1st, Uwe Schramm sold 2,000 shares of Altair Engineering stock. The stock was sold at an average price of $40.92, for a total transaction of $81,840.00.
  • On Tuesday, June 18th, Uwe Schramm sold 1,612 shares of Altair Engineering stock. The stock was sold at an average price of $37.70, for a total transaction of $60,772.40.
  • On Monday, June 3rd, Uwe Schramm sold 2,000 shares of Altair Engineering stock. The stock was sold at an average price of $37.87, for a total transaction of $75,740.00.
  • On Wednesday, May 1st, Uwe Schramm sold 2,000 shares of Altair Engineering stock. The stock was sold at an average price of $38.57, for a total transaction of $77,140.00.

NASDAQ:ALTR opened at $42.08 on Friday. Altair Engineering Inc has a 12 month low of $25.28 and a 12 month high of $43.99. The business’s fifty day moving average is $39.13. The company has a quick ratio of 1.06, a current ratio of 1.09 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $2.96 billion, a P/E ratio of 113.73 and a beta of 1.40.

Altair Engineering (NASDAQ:ALTR) last posted its quarterly earnings data on Thursday, May 9th. The software reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.04. Altair Engineering had a net margin of 2.62% and a return on equity of 11.56%. The business had revenue of $127.86 million during the quarter, compared to the consensus estimate of $125.82 million. During the same period in the previous year, the firm posted $0.35 earnings per share. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. As a group, research analysts forecast that Altair Engineering Inc will post 0.52 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the company. Hilton Capital Management LLC acquired a new stake in shares of Altair Engineering during the first quarter worth $50,000. BNP Paribas Arbitrage SA lifted its stake in shares of Altair Engineering by 1,026.5% during the first quarter. BNP Paribas Arbitrage SA now owns 5,689 shares of the software’s stock worth $209,000 after buying an additional 5,184 shares during the period. Metropolitan Life Insurance Co. NY lifted its stake in shares of Altair Engineering by 275.0% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,988 shares of the software’s stock worth $220,000 after buying an additional 5,858 shares during the period. Marshall Wace North America L.P. lifted its stake in shares of Altair Engineering by 187.5% during the first quarter. Marshall Wace North America L.P. now owns 10,584 shares of the software’s stock worth $389,000 after buying an additional 6,902 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its stake in shares of Altair Engineering by 53.2% during the first quarter. Oppenheimer Asset Management Inc. now owns 11,039 shares of the software’s stock worth $406,000 after buying an additional 3,835 shares during the period. Institutional investors and hedge funds own 38.54% of the company’s stock.

ALTR has been the topic of a number of research reports. Zacks Investment Research raised shares of Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Tuesday. ValuEngine lowered shares of Zymeworks from a “buy” rating to a “hold” rating in a report on Saturday, May 18th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $39.28.

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

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