New insider activity at Altair Engineering ( (ALTR) ) has taken place on February 28, 2025.
Several key executives at Altair Engineering have recently sold shares of the company’s stock, totaling significant transactions. CRO Nelson Dias sold 373 shares for $41,600, while CMO Amy Messano parted with 235 shares for $26,209. Director Teresa A Harris made a substantial sale of 2,700 shares, amounting to $301,347. CPO Gilma Saravia sold 243 shares for $27,101, and Chief Product Strategy Officer Ravi Kunju sold 120 shares for $13,383. CLO Raoul Maitra’s transaction involved 188 shares, worth $20,967. CAO Matthew Charles Brown executed a major sale of 3,811 shares, totaling $425,040, and CAO Brian Gayle sold 137 shares for $15,279.
Recent Updates on ALTR stock
Altair Engineering has reported its Q4 earnings, showing a 15% increase in software revenue and a 12.3% rise in total revenue, surpassing consensus expectations. Despite this growth, net income fell significantly, attributed to increased operational costs and investments in new technologies. The company announced the release of Altair HyperWorks 2025, a platform integrating AI and machine learning to enhance design processes. Additionally, Altair signed a memorandum of understanding with Cranfield University to expand AI and data analytics in aerospace. These developments, coupled with the approved merger with Siemens Industry Software, have influenced analysts’ outlook on Altair’s stock, reflecting optimism about its strategic direction and potential for future growth.
More about Altair Engineering
YTD Price Performance: 2.09%
Average Trading Volume: 766,561
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $9.57B