15 Stocks With The Most Insider Sales In The Last Quarter

8. Altair Engineering Inc. (NASDAQ:ALTR)

Number of Insiders Selling: 12

Market Capitalization: $9.57 billion

Altair Engineering ranks in the middle of the list of 15 stocks with the most insider sales in the last quarter. It provides software and cloud solutions for simulation, high-performance computing, data analytics, and AI, serving clients in the U.S. and globally. The Troy, Michigan-based company operates in two segments: Software and Client Engineering Services.

For the full year 2024, the company reported a total revenue of $665.8 million, up from $612.7 million in 2023. This represents an 8.7% increase in reported currency and a 9.8% rise in constant currency terms. Net income for 2024 reached $14.2 million, a significant turnaround from a net loss of $8.9 million in 2023. Adjusted EBITDA improved to $149.9 million, compared to $129.1 million the previous year. Free cash flow also increased, totaling $140.0 million versus $117.1 million in 2023.

In January, the company announced that its stockholders approved the proposed merger agreement with Siemens Industry Software Inc., a subsidiary of Siemens AG. According to the agreement, Siemens will acquire all outstanding shares of Altair’s common stock for $113.00 per share in cash.

Upon completion of the transaction, Altair’s securities will be delisted from all public stock exchanges.

In the last quarter, 12 insiders, including the company’s CEO, CTO, and CFO, sold a total of $60.05 million worth of Altair Engineering shares at an average price of $102.76 per share. The stock currently trades at $111.51 per share, having gained 2.20% year-to-date and 38.32% over the past 12 months.

This month as well, 10 insiders sold their Altair Engineering shares.

According to eight analysts’ estimates, Altair Engineering holds an average “Hold” rating with a price target of $113. This price target suggests a 1.32% upside from the current price, according to TipRanks.