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NASDAQ:ALTR

Altair Engineering (ALTR) Stock Forecast, Price & News

$62.82
+0.26 (+0.42%)
(As of 09:39 AM ET)
Compare
Today's Range
$62.26
$63.45
50-Day Range
$60.72
$74.94
52-Week Range
$43.17
$78.49
Volume
4,289 shs
Average Volume
283,853 shs
Market Capitalization
$5.10 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$73.00

Altair Engineering MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
15.1% Upside
$73.00 Price Target
Short Interest
Healthy
2.86% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.04
Upright™ Environmental Score
News Sentiment
1.42mentions of Altair Engineering in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$10.48 M Sold Last Quarter
Proj. Earnings Growth
33.33%
From $0.27 to $0.36 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.44 out of 5 stars

Construction Sector

39th out of 102 stocks

Prepackaged Software Industry

55th out of 209 stocks


ALTR stock logo

About Altair Engineering (NASDAQ:ALTR) Stock

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 Price History

ALTR Stock News Headlines

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Uranium companies set to benefit from increased demand for clean energy.
Nuclear Revival Creates Opportunities for Uranium
Uranium companies set to benefit from increased demand for clean energy.
Should You Invest in Altair Engineering (ALTR)?
Altair Engineering (NASDAQ: ALTR)
Altair SLC Now Available on Google Cloud Marketplace
Altair Engineering Inc. Q2 Earnings Summary
Altair Announces Second Quarter 2023 Financial Results
See More Headlines
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ALTR Company Calendar

Last Earnings
8/03/2023
Today
10/02/2023
Next Earnings (Estimated)
11/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:ALTR
CUSIP
02144110
Employees
3,000
Year Founded
1985

Price Target and Rating

Average Stock Price Forecast
$73.00
High Stock Price Forecast
$81.00
Low Stock Price Forecast
$65.00
Forecasted Upside/Downside
+16.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$-43,430,000.00
Pretax Margin
-3.87%

Debt

Sales & Book Value

Annual Sales
$572.22 million
Cash Flow
$0.46 per share
Book Value
$7.12 per share

Miscellaneous

Free Float
63,227,000
Market Cap
$5.08 billion
Optionable
Optionable
Beta
1.46

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Key Executives

  • Mr. James R. ScapaMr. James R. Scapa (Age 66)
    Founder, Chairman & CEO
    Comp: $1.43M
  • Mr. Matthew Charles BrownMr. Matthew Charles Brown (Age 42)
    Chief Financial Officer
    Comp: $688.32k
  • Mr. Srikanth Mahalingam (Age 52)
    Chief Technology Officer
    Comp: $477k
  • Ms. Gilma  SaraviaMs. Gilma Saravia (Age 48)
    Chief People Officer
    Comp: $453.57k
  • Mr. Ravi Kunju (Age 54)
    Chief Product & Strategy Officer
    Comp: $249.5k
  • Ms. Stephanie  BucknerMs. Stephanie Buckner (Age 35)
    Chief Operating Officer
  • Mr. Brian  GayleMr. Brian Gayle (Age 47)
    Sr. VP, Principal Accounting Officer & Chief Accounting Officer
  • Mr. David L. SimonMr. David L. Simon (Age 59)
    Sr. VP of Investor Relations
  • Mr. Raoul  MaitraMr. Raoul Maitra (Age 52)
    Chief Legal Officer
  • Ms. Amy  MessanoMs. Amy Messano (Age 52)
    Chief Marketing Officer













ALTR Stock - Frequently Asked Questions

Should I buy or sell Altair Engineering stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altair Engineering in the last twelve months. There are currently 2 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 forecast for 2023?

6 brokers have issued 1-year price targets for Altair Engineering's shares. Their ALTR share price forecasts range from $65.00 to $81.00. On average, they expect the company's share price to reach $73.00 in the next year. This suggests a possible upside of 16.7% from the stock's current price.
View analysts price targets for ALTR
or view top-rated stocks among Wall Street analysts.

How have ALTR shares performed in 2023?

Altair Engineering's stock was trading at $45.47 at the beginning of the year. Since then, ALTR shares have increased by 37.6% and is now trading at $62.56.
View the best growth stocks for 2023 here
.

Are investors shorting Altair Engineering?

Altair Engineering saw a decline in short interest during the month of September. As of September 15th, there was short interest totaling 2,320,000 shares, a decline of 16.8% from the August 31st total of 2,790,000 shares. Based on an average daily volume of 228,400 shares, the days-to-cover ratio is presently 10.2 days.
View Altair Engineering's Short Interest
.

When is Altair Engineering's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our ALTR earnings forecast
.

How were Altair Engineering's earnings last quarter?

Altair Engineering Inc. (NASDAQ:ALTR) posted its quarterly earnings results on Thursday, August, 3rd. The software reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by $0.08. The software had revenue of $141.16 million for the quarter, compared to analysts' expectations of $138.83 million. Altair Engineering had a negative net margin of 7.74% and a negative trailing twelve-month return on equity of 0.26%.

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

Altair Engineering issued an update on its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $611.00 million-$621.00 million, compared to the consensus revenue estimate of $620.20 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 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.

What is Altair Engineering's stock symbol?

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

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Altair Engineering's stock price today?

One share of ALTR stock can currently be purchased for approximately $62.56.

How much money does Altair Engineering make?

Altair Engineering (NASDAQ:ALTR) has a market capitalization of $5.08 billion and generates $572.22 million in revenue each year. The software earns $-43,430,000.00 in net income (profit) each year or ($0.58) on an earnings per share basis.

How many employees does Altair Engineering have?

The company employs 3,000 workers across the globe.

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
How can I contact Altair Engineering?

Altair Engineering's mailing address is 1820 EAST BIG BEAVER ROAD, TROY MI, 48083. The official website for the company is www.altair.com. The software can be reached via phone at (248) 614-2400, via email at ir@altair.com, or via fax at 248-614-2411.

This page (NASDAQ:ALTR) was last updated on 10/2/2023 by MarketBeat.com Staff

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