Christ Revocable Trust Executes $7.42 Million Sale of Altair Engineering Stocks

In a notable transaction within the investment community, the Christ Revocable Trust, a 10% owner in Altair Engineering ALTR, executed a large-scale sell-off on May 9, as disclosed by a new filing with the U.S. Securities and Exchange Commission. This event holds particular significance due to the volume of shares sold and the identity of the seller, a principal stakeholder in the company.

Insider Selling Breakdown

According to the most recent Form 4 filing submitted to the SEC, the Christ Revocable Trust parted with 87,217 shares of Altair Engineering ALTR. This sale represents a substantial liquidation by the trust and has caught the attention of market analysts and investors alike.

Company Profile

Altair Engineering Inc., denoted by its stock ticker ALTR, is renowned for its sophisticated software and cloud solutions, particularly in the realms of simulation, high-performance computing, data analysis, and artificial intelligence. With a global footprint, the company's headquarters are situated in Troy, Michigan, marking it as a significant player in the tech industry on a worldwide scale.

Insider, Trading, Sale