ALTR - Insider Unloading: Christ Revocable Trust Sells $9.84M Worth Of Altair Engineering Shares | Benzinga
Making a noteworthy insider sell on June 28, Christ Revocable Trust, 10% Owner at Altair Engineering (NASDAQ:ALTR), is reported in the latest SEC filing.
What Happened: Trust's recent Form 4 filing with the U.S. Securities and Exchange Commission on Friday unveiled the sale of 100,000 shares of Altair Engineering. The total transaction value is $9,839,631.
Altair Engineering's shares are actively trading at $98.59, experiencing a up of 0.74% during Friday's morning session.
All You Need to Know 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.
Key Indicators: Altair Engineering's Financial Health
Revenue Growth: Altair Engineering's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate ...