In a report released on January 7, Matthew Hedberg from RBC Capital maintained a Hold rating on Altair Engineering (ALTR – Research Report), with a price target of $90.00. The company’s shares closed yesterday at $82.00.
According to TipRanks, Hedberg is a 5-star analyst with an average return of 6.7% and a 54.56% success rate. Hedberg covers the Technology sector, focusing on stocks such as ServiceNow, Informatica, and Autodesk.
Currently, the analyst consensus on Altair Engineering is a Moderate Buy with an average price target of $74.75.
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The company has a one-year high of $84.92 and a one-year low of $47.96. Currently, Altair Engineering has an average volume of 362K.
Based on the recent corporate insider activity of 145 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ALTR in relation to earlier this year. Last month, Christ George J, a Major Shareholder at ALTR sold 4,564.00 shares for a total of $326,645.48.
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Altair Engineering (ALTR) Company Description:
Altair Engineering, Inc. engages in the provision of software and cloud solutions for product design & development, high performance cloud computing and data intelligence. It operates through the following segments: Software and Client Engineering Services. The Software segment includes a portfolio of software products; as well as solvers and optimization technology products, modelling and visualization tools. The Client Engineering Services segment engages in the provision of client engineering services to support customers with long-term, ongoing product design and development expertise. The company was founded by James R. Scapa in 1985 and is headquartered in Troy, MI.
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