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Can A.I. Launch You into Your Next Trading Frontier? (Ad)pixel
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Can A.I. Launch You into Your Next Trading Frontier? (Ad)pixel
West rejects Putin's claim it sabotaged Baltic gas pipelines
Danish Energy Agency says Nord Stream 2 gas pipeline under Baltic Sea appears to have stopped leaking gas
S&P 500   3,585.62
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Can A.I. Launch You into Your Next Trading Frontier? (Ad)pixel
Want to Increase Your Conversion Rates? This Is the Biggest Threat to Your Success.
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Can A.I. Launch You into Your Next Trading Frontier? (Ad)pixel
MarketBeat: Week in Review 9/26 – 9/30
EU chief: New Greece-Bulgaria gas pipeline 'means freedom'
Can A.I. Launch You into Your Next Trading Frontier? (Ad)pixel
West rejects Putin's claim it sabotaged Baltic gas pipelines
Danish Energy Agency says Nord Stream 2 gas pipeline under Baltic Sea appears to have stopped leaking gas
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
EV Battery Maker Freyr Set For Major Global Expansion
Can A.I. Launch You into Your Next Trading Frontier? (Ad)pixel
Want to Increase Your Conversion Rates? This Is the Biggest Threat to Your Success.
Russia accused of 'kidnapping' head of Ukraine nuclear plant
Can A.I. Launch You into Your Next Trading Frontier? (Ad)pixel
MarketBeat: Week in Review 9/26 – 9/30
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Can A.I. Launch You into Your Next Trading Frontier? (Ad)pixel
West rejects Putin's claim it sabotaged Baltic gas pipelines
Danish Energy Agency says Nord Stream 2 gas pipeline under Baltic Sea appears to have stopped leaking gas
NASDAQ:ALTR

Altair Engineering - ALTR Stock Forecast, Price & News

$44.22
-0.73 (-1.62%)
(As of 09/30/2022 12:00 AM ET)
Add
Compare
Today's Range
$44.15
$45.84
50-Day Range
$44.22
$60.88
52-Week Range
$44.15
$82.96
Volume
190,786 shs
Average Volume
216,918 shs
Market Capitalization
$3.54 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$70.50

Altair Engineering MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
59.4% Upside
$70.50 Price Target
Short Interest
Healthy
3.28% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.04
Upright™ Environmental Score
News Sentiment
1.11mentions of Altair Engineering in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$448 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.03) to ($0.01) Per Share

Overall MarketRank

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

2.52 out of 5 stars

Construction Sector

33rd out of 106 stocks

Prepackaged Software Industry

63rd out of 227 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 worldwide. The company operates in two segments, Software and Client Engineering Services. The Software segment includes 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 offers 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's customers include 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.

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ALTR Stock News Headlines

ACM vs. ALTR: Which Stock Is the Better Value Option?
Altair Engineering (NASDAQ:ALTR) Sets New 1-Year Low at $45.41
Altair Engineering Becomes Oversold (ALTR)
ALTR Altair Engineering Inc.
ACM vs. ALTR: Which Stock Should Value Investors Buy Now?
4 Analysts Have This to Say About Altair Engineering
4 Analysts Have This to Say About Altair Engineering
Where Altair Engineering Stands With Analysts
Expert Ratings for Altair Engineering
10 Best EV Materials Stocks to Buy Now
See More Headlines
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ALTR Company Calendar

Last Earnings
8/04/2022
Today
10/01/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:ALTR
CUSIP
02144110
Employees
2,800
Year Founded
1985

Price Target and Rating

Average Stock Price Forecast
$70.50
High Stock Price Forecast
$95.00
Low Stock Price Forecast
$41.00
Forecasted Upside/Downside
+59.4%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
6 Analysts

Profitability

Net Income
$-8,790,000.00
Pretax Margin
-2.56%

Debt

Sales & Book Value

Annual Sales
$532.18 million
Cash Flow
$0.71 per share
Book Value
$7.74 per share

Miscellaneous

Free Float
61,838,000
Market Cap
$3.54 billion
Optionable
Optionable
Beta
1.50

Social Links


Key Executives

  • Mr. James R. Scapa (Age 65)
    Founder, Chairman & CEO
    Comp: $1.8M
  • Mr. Matthew Charles BrownMr. Matthew Charles Brown (Age 41)
    Chief Financial Officer
    Comp: $652.78k
  • Ms. Gilma  SaraviaMs. Gilma Saravia (Age 47)
    Chief People Officer
    Comp: $465.8k
  • Dr. Uwe Schramm Ph.D. (Age 64)
    Exec. Officer
    Comp: $460.24k
  • Mr. Brett  ChouinardMr. Brett Chouinard (Age 57)
    Chief Product & Strategy Officer
    Comp: $460.24k
  • Ms. Stephanie  BuckerMs. Stephanie Bucker (Age 34)
    Chief Operating Officer
  • Mr. Brian  GayleMr. Brian Gayle (Age 45)
    Chief Accounting Officer
  • Mr. Srikanth Mahalingam (Age 51)
    Chief Technology Officer
  • Mr. David L. SimonMr. David L. Simon (Age 58)
    Sr. VP of Investor Relations
  • Mr. Raoul  MaitraMr. Raoul Maitra (Age 51)
    Chief Legal Officer













ALTR Stock - Frequently Asked Questions

Should I buy or sell Altair Engineering stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Altair Engineering in the last year. There are currently 1 sell rating, 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ALTR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ALTR, but not buy additional shares or sell existing shares.
View ALTR analyst ratings
or view top-rated stocks.

What is Altair Engineering's stock price forecast for 2022?

6 analysts have issued 12 month price objectives for Altair Engineering's shares. Their ALTR share price forecasts range from $41.00 to $95.00. On average, they expect the company's share price to reach $70.50 in the next year. This suggests a possible upside of 59.4% 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 2022?

Altair Engineering's stock was trading at $77.32 at the beginning of 2022. Since then, ALTR stock has decreased by 42.8% and is now trading at $44.22.
View the best growth stocks for 2022 here
.

When is Altair Engineering's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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, August, 4th. The software reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.07) by $0.07. The software earned $132.66 million during the quarter, compared to analysts' expectations of $129.37 million. Altair Engineering had a positive trailing twelve-month return on equity of 1.79% and a negative net margin of 5.73%. The business's revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.04) EPS.

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

Altair Engineering issued an update on its third quarter 2022 earnings guidance on Thursday, September, 1st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $115.00 million-$120.00 million, compared to the consensus revenue estimate of $130.86 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 $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 $44.22.

How much money does Altair Engineering make?

Altair Engineering (NASDAQ:ALTR) has a market capitalization of $3.54 billion and generates $532.18 million in revenue each year. The software earns $-8,790,000.00 in net income (profit) each year or ($0.43) on an earnings per share basis.

How many employees does Altair Engineering have?

The company employs 2,800 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 10/1/2022 by MarketBeat.com Staff

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