Sell Alert: Christ Revocable Trust Cashes Out $7.42M In Altair Engineering Stock
Christ Revocable Trust, 10% Owner at Altair Engineering (NASDAQ:ALTR), reported an insider sell on May 9, according to a new SEC filing.
What Happened: Trust's recent Form 4 filing with the U.S. Securities and Exchange Commission on Thursday unveiled the sale of 87,217 shares of Altair Engineering. The total transaction value is $7,423,855.
Monitoring the market, Altair Engineering's shares up by 0.25% at $85.89 during Friday's morning.
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.
Altair Engineering's Economic Impact: An Analysis
Positive Revenue Trend: Examining Altair Engineering's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 4.14% as of 31 March, 2024, showcasing a substantial increase in ...
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