ALTR - 10% Owner Of Altair Engineering Makes $4.52M Sale | Benzinga
Disclosed on May 20, GC Investments LLC, 10% Owner at Altair Engineering (NASDAQ:ALTR), executed a substantial insider sell as per the latest SEC filing.
What Happened: LLC's recent move involves selling 50,000 shares of Altair Engineering. This information is documented in a Form 4 filing with the U.S. Securities and Exchange Commission on Monday. The total value is $4,517,985.
In the Monday's morning session, Altair Engineering's shares are currently trading at $91.52, experiencing a up of 1.13%.
Discovering Altair Engineering: A Closer Look
Altair Engineering Inc is a provider of enterprise-class engineering software enabling origination of the entire product lifecycle from concept design to in-service operation. The integrated suite of software provided by the company optimizes design performance across multiple disciplines encompassing structures, motion, fluids, thermal management, system modeling, and embedded systems. It operates through two segments: Software which includes the portfolio of software products such as solvers and optimization technology products, modeling and visualization tools, industrial and concept design tools, and others; and Client Engineering Services which provides client engineering services to support customers. Majority of its revenue comes from the software segment.
Unraveling the Financial Story of Altair Engineering
Positive Revenue Trend: Examining Altair Engineering's financials over 3 months reveals a positive narrative. The company achieved a noteworthy ...