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NASDAQ:ALTR

Altair Engineering (ALTR) Stock Price, News & Analysis

$85.37
+0.73 (+0.86%)
(As of 10:56 AM ET)
Today's Range
$84.88
$85.67
50-Day Range
$74.71
$92.26
52-Week Range
$57.59
$92.92
Volume
49,283 shs
Average Volume
447,129 shs
Market Capitalization
$6.97 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
0.6% Downside
$84.14 Price Target
Short Interest
Bearish
4.27% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.04
Upright™ Environmental Score
News Sentiment
0.61mentions of Altair Engineering in the last 14 days
Based on 33 Articles This Week
Insider Trading
Selling Shares
$19.07 M Sold Last Quarter
Proj. Earnings Growth
110.71%
From $0.28 to $0.59 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.

3.53 out of 5 stars

Construction Sector

46th out of 100 stocks

Prepackaged Software Industry

75th out of 207 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

Altair Engineering (NASDAQ:ALTR) Shares Gap Down to $89.86
Hunting for Domestic Vanadium - The U.S. Govt. Did WHAT?
A little-known metal called vanadium is vital to American national security and energy independence. But right now, China and Russia dominate our supply. The U.S. Govt. is so serious about vanadium, it funded and recently completed an "Earth MRI" survey to seek out new sources of this energy metal - in Wyoming.
Altair Engineering (NASDAQ:ALTR) PT Raised to $100.00
Hunting for Domestic Vanadium - The U.S. Govt. Did WHAT?
A little-known metal called vanadium is vital to American national security and energy independence. But right now, China and Russia dominate our supply. The U.S. Govt. is so serious about vanadium, it funded and recently completed an "Earth MRI" survey to seek out new sources of this energy metal - in Wyoming.
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
2/28/2024
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
-0.6%
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
$0.77 per share
Book Value
$8.71 per share

Miscellaneous

Free Float
63,558,000
Market Cap
$6.91 billion
Optionable
Optionable
Beta
1.45

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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 brokers have issued 12 month target prices for Altair Engineering's stock. Their ALTR share price targets range from $67.00 to $100.00. On average, they predict the company's stock price to reach $84.14 in the next twelve months. This suggests that the stock has a possible downside of 0.6%.
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 at the start of the year. Since then, ALTR stock has increased by 0.6% and is now trading at $84.64.
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) issued its quarterly earnings data on Thursday, November, 4th. The software reported $0.11 EPS for the quarter, beating the consensus estimate of $0.01 by $0.10. The software earned $121.30 million during the quarter, compared to analyst estimates of $113.96 million. Altair Engineering had a positive trailing twelve-month return on equity of 3.77% and a negative net margin of 1.46%. The business's revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.06) earnings per share.

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

Altair Engineering updated 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 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 institutional and retail 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 2/29/2024 by MarketBeat.com Staff