Altair Engineering Inc. (ALTR): Trading Report of Friday, June 19

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Altair Engineering Inc. (NASDAQ:ALTR) changes shares on Friday trading session, with a change of -3.12% or -$1.22 shares. The trading starts at $39.45 and closed at $39.06 throughout the day. The trading session low price was $37.73 and day high was $39.925 on Friday, June 19. After the session, the Technology sector daily volume shifted to 0.74 million while its average volume is 304.27K. In other hand, the ALTR market cap reached to $2.70B. While, its current target price is $37.84 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 2.22% and up 5.55% for month. Its quarterly performance was 47.12% above, while its half year performance is up 8.67%. ALTR yearly performance stood at negative -5.26% and rise 5.37% for year-to-date. Current recommendation for Altair Engineering Inc. is 3.20.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. ALTR EPS (TTM) for 12-month is -0.21. EPS for this year is -150.80%, while for the next year its value is 0.27. Its EPS Q/Q reached -53.90%.

Let’s take a look on the analyst recommendations on ALTR for the current month and previous month. For the current month, 2 of 8 analysts recommend stock as Buy while 3 as Sell, 0 as overweight, 0 as underweight and 3 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $29.00-$47.00. Average target price for ALTR was reached at $35.17.

Matrix Capital Management, Pictet Asset Management Ltd and Vanguard Group, Inc. (The) are the top three holders in Altair Engineering Inc. (ALTR) stock. On Mar 30, 2020, Matrix Capital Management has 4.14 million shares which valued 109.62 million. On Mar 30, 2020, Pictet Asset Management Ltd owned 3.61 million shares which valued at 95.57 million. On Mar 30, 2020, Vanguard Group, Inc. (The) has a total of 3.57 million shares which valued at 94.59 million. In the end, Vanguard Group, Inc. (The) have 8.54% shares outstanding of Altair Engineering Inc. (ALTR) on Mar 30, 2020. The insider ownership moved to 0.90% and institutional holding shifted to 97.30%.

The company posted an EPS (TTM) of -0.21. According to the most recent quarter report on (Jun 2020), 7 analysts estimated an average EPS of -0.02, while 0.06 EPS posted a year ago period. Analyst Estimated EPS for ALTR published in the report was -0.03–0.01 during the same period. Comparing with last year, the average estimated EPS was 0.06 which is lower than 0.16 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for ALTR rise 11.96% for period of 200 days. SMA for 50 days was 10.82% which is showing green signal, while SMA-20 was -1.28%. The moving average value for Altair Engineering Inc. (ALTR) is 33.89 and 36.18 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in ALTR stock. On Jun 16, Morof Howard N, Chief Financial Officer, sold 4,000 trading shares at the cost of $38.21, which valued at 0.15 million. On Jun 05, Dagg James, See Remarks, sold 8,000 shares at the cost of $39.96, with total shares of 6,054. On Jun 04, Dias Nelson, Chief Revenue Officer, sold 2,000 shares at the cost of 39.30. After this transaction, Dias Nelson total shares reached to 25,526 which valued at 78600.0.