Matthew Brown, the Chief Financial Officer of Altair Engineering Inc (NASDAQ:ALTR), has sold 4,363 shares of the company on February 28, 2024, according to a recent SEC filing. The transaction was executed at an average price of $83.65 per share, resulting in a total value of $364,858.95.
Altair Engineering Inc is a global technology company that provides software and cloud solutions in simulation, high-performance computing (HPC), and artificial intelligence (AI). Altair enables organizations across broad industry segments to compete more effectively in a connected world while creating a more sustainable future.
Over the past year, the insider has sold a total of 4,363 shares of Altair Engineering Inc and has not made any purchases of the stock. The company's insider transaction history indicates a total of 83 insider sells and no insider buys over the same timeframe.
On the date of the insider's recent sell, shares of Altair Engineering Inc were trading at $83.65, giving the company a market capitalization of $7.018 billion.
The stock's price-to-GF-Value ratio stands at 1.14, with a GuruFocus Value of $73.61, suggesting that Altair Engineering Inc is modestly overvalued. The GF Value is a proprietary intrinsic value estimate from GuruFocus, which is determined by historical trading multiples, a GuruFocus adjustment factor based on the company's past performance, and future business projections provided by Morningstar analysts.
The insider trend image above reflects the recent selling activity by company insiders, which may be of interest to investors monitoring insider behaviors.
The GF Value image provides a visual representation of the stock's current valuation in relation to its intrinsic value, as estimated by GuruFocus.
For more detailed information on insider transactions and stock valuation, investors and analysts are encouraged to visit the SEC filing and the GuruFocus website.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
