Altair Engineering Inc. (NASDAQ:ALTR – Get Free Report) Director Teresa A. Harris sold 620 shares of Altair Engineering stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $95.12, for a total value of $58,974.40. Following the transaction, the director now owns 21,242 shares in the company, valued at $2,020,539.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Altair Engineering Stock Down 0.9 %
Shares of ALTR opened at $93.94 on Friday. The business’s 50 day moving average is $89.27 and its 200 day moving average is $89.26. The company has a current ratio of 3.14, a quick ratio of 3.14 and a debt-to-equity ratio of 0.29. Altair Engineering Inc. has a 12-month low of $57.59 and a 12-month high of $101.39. The company has a market capitalization of $7.80 billion, a PE ratio of 1,043.78, a price-to-earnings-growth ratio of 12.01 and a beta of 1.45.
Altair Engineering (NASDAQ:ALTR – Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The software reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. Altair Engineering had a net margin of 4.26% and a return on equity of 6.89%. The firm had revenue of $148.80 million for the quarter, compared to analysts’ expectations of $146.88 million. During the same quarter last year, the business posted ($0.15) earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. Research analysts expect that Altair Engineering Inc. will post 0.65 earnings per share for the current fiscal year.
Institutional Trading of Altair Engineering
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on ALTR shares. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price objective on shares of Altair Engineering in a research note on Friday, August 2nd. The Goldman Sachs Group lowered shares of Altair Engineering from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $85.00 to $71.00 in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. downgraded shares of Altair Engineering from an “overweight” rating to a “neutral” rating and set a $95.00 price objective on the stock. in a research report on Monday, July 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, Altair Engineering presently has a consensus rating of “Hold” and an average price target of $90.67.
Read Our Latest Report on Altair Engineering
About Altair Engineering
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.
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