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Altair Engineering (ALTR) Stock Price, News & Analysis

+0.84 (+0.93%)
(As of 12:09 PM ET)
Today's Range
50-Day Range
52-Week Range
77,822 shs
Average Volume
402,588 shs
Market Capitalization
$7.60 billion
P/E Ratio
Dividend Yield
Price Target

Altair Engineering MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
3.4% Upside
$94.60 Price Target
Short Interest
4.18% of Shares Sold Short
Dividend Strength
Upright™ Environmental Score
News Sentiment
0.41mentions of Altair Engineering in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$30.84 M Sold Last Quarter
Proj. Earnings Growth
From $0.66 to $0.67 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.

3.43 out of 5 stars

Construction Sector

49th out of 99 stocks

Prepackaged Software Industry

78th out of 198 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 and design, high-performance computing, data analytics, and artificial intelligence in the United States and internationally. It 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 automotive, 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 tubes with LED lighting. 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

10% Owner Of Altair Engineering Makes $4.52M Sale
Q1 2024 Altair Engineering Inc Earnings Call
See More Headlines
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Company Calendar

Last Earnings
Next Earnings (Estimated)
Fiscal Year End

Industry, Sector and Symbol

Prepackaged software
Current Symbol
Year Founded

Price Target and Rating

Average Stock Price Target
High Stock Price Target
Low Stock Price Target
Potential Upside/Downside
Consensus Rating
Moderate Buy
Rating Score (0-4)
Research Coverage
5 Analysts


Net Income
Pretax Margin


Sales & Book Value

Annual Sales
$612.70 million
Cash Flow
$0.77 per share
Book Value
$9.19 per share


Free Float
Market Cap
$7.53 billion

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ALTR Stock Analysis - Frequently Asked Questions

Should I buy or sell Altair Engineering stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Altair Engineering in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research 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?

5 brokers have issued 1-year target prices for Altair Engineering's stock. Their ALTR share price targets range from $88.00 to $100.00. On average, they predict the company's stock price to reach $94.60 in the next year. This suggests a possible upside of 3.4% 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 2024?

Altair Engineering's stock was trading at $84.15 at the beginning of 2024. Since then, ALTR shares have increased by 8.7% and is now trading at $91.49.
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, August 1st 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, May, 2nd. The software reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.06. The software earned $172.91 million during the quarter, compared to analysts' expectations of $169.29 million. Altair Engineering had a trailing twelve-month return on equity of 5.60% and a net margin of 1.55%. The business's revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.13 earnings per share.

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

Altair Engineering updated its second quarter 2024 earnings guidance on Friday, May, 3rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $145.0 million-$148.0 million, compared to the consensus revenue estimate of $155.1 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 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?

Altair Engineering (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 many different institutional and retail investors. Top institutional investors include Matrix Capital Management Company LP (14.97%), Vanguard Group Inc. (7.21%), Conestoga Capital Advisors LLC (2.96%), Bamco Inc. NY (1.67%), Janus Henderson Group PLC (1.29%) and Jane Street Group LLC (0.37%). Insiders that own company stock include Amy Messano, Brett R Chouinard, Brett R Chouinard, Brian Gayle, Christ Revocable Trust, Gc Investments Llc, George J Christ, George J Christ, Gilma Saravia, James Ralph Scapa, Jan Kowal, Jeffrey Marraccini, Jrs Investments Llc, Mahalingam Srikanth, Matthew Charles Brown, Nelson Dias, 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.
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This page (NASDAQ:ALTR) was last updated on 5/23/2024 by Staff

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