ALTR - Insider Decision: George J Christ Offloads $7.42M Worth Of Altair Engineering Stock | Benzinga
Disclosed on May 9, George J Christ, 10% Owner at Altair Engineering (NASDAQ:ALTR), executed a substantial insider sell as per the latest SEC filing.
What Happened: According to a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday, Christ sold 87,217 shares of Altair Engineering. The total transaction value is $7,423,855.
During Friday's morning session, Altair Engineering shares down by 0.0%, currently priced at $85.68.
About Altair Engineering
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.
Altair Engineering: Financial Performance Dissected
Revenue Growth: Over the 3 months period, Altair Engineering showcased positive performance, achieving a revenue growth rate of 4.14% as of 31 March, ...