Altair Engineering Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Altair Engineering in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Altair Engineering stock.
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Altair Engineering saw a increase in short interest during the month of August. As of August 13th, there was short interest totaling 5,360,000 shares, an increase of 15.8% from the July 29th total of 4,630,000 shares. Based on an average trading volume of 226,800 shares, the short-interest ratio is currently 23.6 days. Currently, 11.7% of the company's stock are sold short.
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Altair Engineering is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for Altair Engineering.

Altair Engineering Inc. (NASDAQ:ALTR) posted its quarterly earnings data on Thursday, August, 5th. The software reported ($0.04) EPS for the quarter, beating the Zacks' consensus estimate of ($0.11) by $0.07. The software had revenue of $119.91 million for the quarter, compared to the consensus estimate of $111.50 million. Altair Engineering had a negative net margin of 1.10% and a positive trailing twelve-month return on equity of 4.74%.
View Altair Engineering's earnings history.

Altair Engineering's stock was trading at $29.21 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, ALTR stock has increased by 156.4% and is now trading at $74.89.
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Altair Engineering updated its third quarter 2021 earnings guidance on Thursday, September, 2nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $112 million-$115 million, compared to the consensus revenue estimate of $111.07 million.

7 equities research analysts have issued 1-year price objectives for Altair Engineering's shares. Their forecasts range from $60.00 to $80.00. On average, they anticipate Altair Engineering's stock price to reach $69.40 in the next twelve months. This suggests that the stock has a possible downside of 7.3%.
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166 employees have rated Altair Engineering CEO James R. Scapa on Glassdoor.com. James R. Scapa has an approval rating of 99% among Altair Engineering's employees. This puts James R. Scapa in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Altair Engineering include NVIDIA (NVDA), Intel (INTC), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Marvell Technology (MRVL), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Monolithic Power Systems (MPWR), First Solar (FSLR), Cree (CREE), Lattice Semiconductor (LSCC) and Power Integrations (POWI).
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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.com (CRM) and Skyworks Solutions (SWKS).

(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 acted as the underwriters for the IPO and William Blair and Canaccord Genuity were co-managers.

Altair Engineering trades on the NASDAQ under the ticker symbol "ALTR."

Altair Engineering's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Matrix Capital Management Company LP (6.94%), Vanguard Group Inc. (5.79%), BlackRock Inc. (5.77%), Conestoga Capital Advisors LLC (3.06%), Impax Asset Management Group plc (2.81%) and Neuberger Berman Group LLC (2.27%). Company insiders that own Altair Engineering stock include Amy Messano, Andrea Siudara, Brett R Chouinard, Brett R Chouinard, Brian Gayle, Christ Revocable Trust, David L Simon, George J Christ, George J Christ, Gilma Saravia, Howard N Morof, Howard N Morof, James Dagg, James Ralph Scapa, Jan Kowal, Jrs Investments Llc, Mahalingam Srikanth, Nelson Dias, R Scapa Declaration Of James, Raoul Maitra, Richard Hart and Uwe Schramm.
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ALTR stock was sold by a variety of institutional investors in the last quarter, including BNP Paribas Arbitrage SA, Impax Asset Management Group plc, Bank of New York Mellon Corp, JPMorgan Chase & Co., BlackRock Inc., Primecap Management Co. CA, Bamco Inc. NY, and Neuberger Berman Group LLC. Company insiders that have sold Altair Engineering company stock in the last year include Amy Messano, Andrea Siudara, Brett R Chouinard, Brian Gayle, Christ Revocable Trust, David L Simon, George J Christ, Gilma Saravia, Howard N Morof, James Dagg, James Ralph Scapa, Jan Kowal, Jrs Investments Llc, Mahalingam Srikanth, Nelson Dias, R Scapa Declaration Of James, Richard Hart, and Uwe Schramm.
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ALTR stock was purchased by a variety of institutional investors in the last quarter, including Invesco Ltd., AXA S.A., Diversified Portfolios Inc., Federated Hermes Inc., Deutsche Bank AG, Price T Rowe Associates Inc. MD, Massachusetts Financial Services Co. MA, and Matrix Capital Management Company LP.
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Shares of ALTR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ALTR stock can currently be purchased for approximately $74.89.

Altair Engineering has a market capitalization of $5.66 billion and generates $469.92 million in revenue each year. The software earns $-10,500,000.00 in net income (profit) each year or $0.08 on an earnings per share basis.

Altair Engineering employs 3,050 workers across the globe.

The following companies are subsidiares of Altair Engineering: ACUSIM Software, AWE Communications, Altair Engineering Finland Oy, Altair Engineering France, Altair Engineering GmbH, Altair Engineering India Pvt. Ltd., Altair Engineering Ltd., Altair Engineering Software Co., Altair Product Design, Altair ProductDesign, CEDRAT SA, Candi Controls, Carriots, Datawatch Corporation, Datawatch International Limited, EDEM Simulation, EMSS, FluiDyna, MODELiiS, Polliwog, Runtime Design Automation, Runtime Design Automation Inc, SIMSOLID, SimLab, Solid Iris Technologies, WEYV, Wrap International (WRAP Software Business), newFASANT, and solidThinking.

Altair Engineering was founded in 1985.

The official website for Altair Engineering is www.altair.com.

Altair Engineering is headquartered at 1820 EAST BIG BEAVER ROAD, TROY MI, 48083.

Altair Engineering's mailing address is 1820 EAST BIG BEAVER ROAD, TROY MI, 48083. The software can be reached via phone at (248) 614-2400 or via email at [email protected].