S&P 500   5,137.08
DOW   39,087.38
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Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
Critical asset just had biggest fall on record (Ad)
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Critical asset just had biggest fall on record (Ad)
California authorizes expansion of Waymo's driverless car services to LA, SF peninsula
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
Critical asset just had biggest fall on record (Ad)
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
Peace, music and memories: As the 1960s fade, historians scramble to capture Woodstock's voices
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
In Senegal's capital, Nicaragua is a hot ticket among travel agents as migrants try to reach US
Critical asset just had biggest fall on record (Ad)
California authorizes expansion of Waymo's driverless car services to LA, SF peninsula
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
Critical asset just had biggest fall on record (Ad)
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
Peace, music and memories: As the 1960s fade, historians scramble to capture Woodstock's voices
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
In Senegal's capital, Nicaragua is a hot ticket among travel agents as migrants try to reach US
Critical asset just had biggest fall on record (Ad)
California authorizes expansion of Waymo's driverless car services to LA, SF peninsula
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
Critical asset just had biggest fall on record (Ad)
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
Peace, music and memories: As the 1960s fade, historians scramble to capture Woodstock's voices
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
In Senegal's capital, Nicaragua is a hot ticket among travel agents as migrants try to reach US
Critical asset just had biggest fall on record (Ad)
California authorizes expansion of Waymo's driverless car services to LA, SF peninsula
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
NASDAQ:ALTR

Altair Engineering (ALTR) Stock Price, News & Analysis

$85.68
+0.60 (+0.71%)
(As of 03/1/2024 ET)
Today's Range
$84.59
$86.19
50-Day Range
$76.51
$92.26
52-Week Range
$57.59
$92.92
Volume
325,387 shs
Average Volume
476,894 shs
Market Capitalization
$7.07 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$84.14

Altair Engineering MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
1.8% Downside
$84.14 Price Target
Short Interest
Bearish
4.23% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.04
Upright™ Environmental Score
News Sentiment
0.44mentions of Altair Engineering in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$14.29 M Sold Last Quarter
Proj. Earnings Growth
3.33%
From $0.60 to $0.62 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.85 out of 5 stars

Construction Sector

65th out of 98 stocks

Prepackaged Software Industry

131st out of 206 stocks


ALTR stock logo

About Altair Engineering Stock (NASDAQ:ALTR)

Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions in the areas of simulation, high-performance computing, data analytics, and artificial intelligence in the United States and internationally. The company operates in two segments: Software and Client Engineering Services. The Software segment offers solvers and optimization technology products, high-performance computing software applications and hardware products, modeling and visualization tools, data analytics and analysis products, and Internet of Things platform and analytics tools, as well as support and the complementary software products. This segment also provides software technologies in the areas of computational fluid dynamics and fatigue, manufacturing process simulation, and cost estimation for the applications in marine, motorcycle, aerospace, chemical, and architecture industries; and software-related services, such as consulting, implementation, and training services that focuses on the product design and development expertise and analysis from the component level up to complete product engineering at various stage of the lifecycle. The Client Engineering Services segment provides client engineering services. In addition, the company is involved in the development and sale of solid state lighting technology along with communication and control protocols based on its intellectual property for the direct replacement of fluorescent light tubes with LED lamps. Its integrated suite of software optimizes design performance across various disciplines, including structures, motion, fluids, thermal management, electromagnetics, system modeling, and embedded systems. The company serves universities, government agencies, manufacturers, pharmaceutical firms, banking, financial services, and insurance, weather prediction agencies, and electronics design companies. Altair Engineering Inc. was incorporated in 1985 and is headquartered in Troy, Michigan.

ALTR Stock Price History

ALTR Stock News Headlines

Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Altair Engineering (NASDAQ:ALTR) Shares Gap Down to $89.86
Altair Engineering (NASDAQ:ALTR) PT Raised to $100.00
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Q4 2023 Altair Engineering Inc Earnings Call
Goldman Sachs Reaffirms Their Hold Rating on Altair Engineering (ALTR)
Altair Engineering Inc - Ordinary Shares - Class A
Recap: Altair Engineering Q4 Earnings
Altair Engineering Inc. Q4 Profit Increases, beats estimates
Altair Engineering Tops Earnings Target But Sales Light
Altair Engineering Inc. Cl A
Earnings Preview For Altair Engineering
See More Headlines
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Company Calendar

Last Earnings
11/04/2021
Today
3/02/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:ALTR
CUSIP
02144110
Employees
3,200
Year Founded
1985

Price Target and Rating

Average Stock Price Target
$84.14
High Stock Price Target
$100.00
Low Stock Price Target
$67.00
Potential Upside/Downside
-1.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

Net Income
$-8,930,000.00
Pretax Margin
2.06%

Debt

Sales & Book Value

Annual Sales
$612.70 million
Cash Flow
$0.78 per share
Book Value
$8.62 per share

Miscellaneous

Free Float
63,558,000
Market Cap
$7.07 billion
Optionable
Optionable
Beta
1.43

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ALTR Stock Analysis - Frequently Asked Questions

Should I buy or sell Altair Engineering stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altair Engineering in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ALTR shares.
View ALTR analyst ratings
or view top-rated stocks.

What is Altair Engineering's stock price target for 2024?

7 equities research analysts have issued 1 year price objectives for Altair Engineering's stock. Their ALTR share price targets range from $67.00 to $100.00. On average, they expect the company's share price to reach $84.14 in the next twelve months. This suggests that the stock has a possible downside of 1.8%.
View analysts price targets for ALTR
or view top-rated stocks among Wall Street analysts.

How have ALTR shares performed in 2024?

Altair Engineering's stock was trading at $84.15 on January 1st, 2024. Since then, ALTR stock has increased by 1.8% and is now trading at $85.68.
View the best growth stocks for 2024 here
.

When is Altair Engineering's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our ALTR earnings forecast
.

How were Altair Engineering's earnings last quarter?

Altair Engineering Inc. (NASDAQ:ALTR) released its quarterly earnings results on Thursday, November, 4th. The software reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.10. The software earned $121.30 million during the quarter, compared to analysts' expectations of $113.96 million. Altair Engineering had a negative net margin of 1.46% and a positive trailing twelve-month return on equity of 3.77%. Altair Engineering's revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.06) earnings per share.

Is Altair Engineering a good dividend stock?

Altair Engineering (NASDAQ:ALTR) pays an annual dividend of $0.72 per share and currently has a dividend yield of 0.00%.
Read our dividend analysis for ALTR.

What guidance has Altair Engineering issued on next quarter's earnings?

Altair Engineering issued an update on its FY 2024 earnings guidance on Thursday, February, 22nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $663.0 million-$673.0 million, compared to the consensus revenue estimate of $667.9 million.

What is James R. Scapa's approval rating as Altair Engineering's CEO?

166 employees have rated Altair Engineering Chief Executive Officer James R. Scapa on Glassdoor.com. James R. Scapa has an approval rating of 99% among the company's employees. This puts James R. Scapa in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. 86.0% of employees surveyed would recommend working at Altair Engineering to a friend.

What other stocks do shareholders of Altair Engineering own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Altair Engineering investors own include Gilead Sciences (GILD), Intel (INTC), QUALCOMM (QCOM), Tesla (tsla), Applied Materials (AMAT), NVIDIA (NVDA), Cisco Systems (CSCO), Xilinx (XLNX), Salesforce (CRM) and Skyworks Solutions (SWKS).

When did Altair Engineering IPO?

(ALTR) raised $144 million in an initial public offering (IPO) on Wednesday, November 1st 2017. The company issued 12,000,000 shares at a price of $11.00-$13.00 per share. J.P. Morgan, RBC Capital Markets and Deutsche Bank Securities served as the underwriters for the IPO and William Blair and Canaccord Genuity were co-managers.

Who are Altair Engineering's major shareholders?

Altair Engineering's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Matrix Capital Management Company LP (14.98%), Vanguard Group Inc. (7.06%), Conestoga Capital Advisors LLC (2.97%), Impax Asset Management Group plc (2.33%), Bain Capital Public Equity Management II LLC (0.84%) and abrdn plc (0.80%). Insiders that own company stock include Amy Messano, Brett R Chouinard, Brett R Chouinard, Brian Gayle, David L Simon, Gc Investments Llc, George J Christ, George J Christ, Gilma Saravia, Howard N Morof, James Dagg, James Ralph Scapa, Jan Kowal, Jeffrey Marraccini, Jrs Investments Llc, Mahalingam Srikanth, Matthew Charles Brown, Nelson Dias, R Scapa Declaration Of James, Raoul Maitra, Ravi Kunju, Shekar G Ayyar, Stephanie Buckner, Teresa A Harris and Uwe Schramm.
View institutional ownership trends
.

How do I buy shares of Altair Engineering?

Shares of ALTR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Altair Engineering have any subsidiaries?
The following companies are subsidiares of Altair Engineering: ACUSIM Software, AWE Communications, Altair Engineering Finland Oy, Altair Engineering Inc., Altair Engineering Ltd., CEDRAT SA, Candi Controls, Carriots, Concept Engineering, Datawatach Corp, Datawatch Corporation, Datawatch Corporation, EDEM Simulation, EMSS, Ellexus, FluiDyna, Gen3D, M-Base, MODELiiS, Polliwog, Powersim, Runtime Design Automation, S-FRAME Software Inc, SIMSOLID, SimLab, Solid Iris Technologies, Univa, World Programming Limited, World Programming Ltd, Wrap International (WRAP Software Business), newFASANT, newFaASANT, and solidThinking.
Read More
This page (NASDAQ:ALTR) was last updated on 3/2/2024 by MarketBeat.com Staff