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Altair Engineering's top financial officers sold company stock, following a disappointing earnings report.
Altair Engineering's Chief Revenue Officer, Nelson Dias, and Chief Accounting Officer, Brian Gayle, have each sold shares of the company's stock recently.
Dias sold 1,671 shares for $185,982.30, reducing his ownership by 2.93%, while Gayle sold 182 shares for $20,256.60, a 1% decrease.
The company's recent earnings report fell short of expectations, reporting EPS of $0.36 versus an estimate of $0.51, though revenue exceeded forecasts at $192.63 million.
Analysts currently rate Altair Engineering's stock as "Hold" with a target price of $100.83.
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Los mejores oficiales financieros de Altair Engineering vendieron acciones de la compañía, luego de un decepcionante informe de ganancias.