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NASDAQ:ALTR

Altair Engineering Stock Forecast, Price & News

$65.22
-0.80 (-1.21 %)
(As of 05/17/2021 12:00 AM ET)
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Today's Range
$64.71
$65.91
50-Day Range
$60.97
$68.00
52-Week Range
$32.64
$69.00
Volume198,425 shs
Average Volume305,764 shs
Market Capitalization$4.90 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.53
30 days | 90 days | 365 days | Advanced Chart
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Altair Engineering logo

About Altair Engineering

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 through two segments, Software and Client Engineering Services. Its 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 IoT platform and analytics tools, as well as support and 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 focused on 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 offers client engineering services. Its integrated suite of software optimizes design performance across various disciplines, including structures, motion, fluids, thermal management, electromagnetics, system modeling, and embedded systems. Altair Engineering Inc. was founded in 1985 and is headquartered in Troy, Michigan.

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Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustrySemiconductors
Current SymbolNASDAQ:ALTR
CUSIP02144110
Phone248-614-2400
Employees3,050
Year Founded1985

Sales & Book Value

Annual Sales$458.92 million
Cash Flow$0.66 per share
Book Value$4.90 per share

Profitability

Net Income$-7,540,000.00

Debt

Price-To-Earnings

Miscellaneous

Market Cap$4.90 billion
Next Earnings Date8/5/2021 (Estimated)
OptionableOptionable

Social Links


MarketRank

Overall MarketRank

0.98 out of 5 stars

Construction Sector

126th out of 205 stocks

Prepackaged Software Industry

162nd out of 280 stocks

Analyst Opinion: 1.4Community Rank: 2.1Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 0.6 5 -4 -3 -2 -1 -
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Altair Engineering (NASDAQ:ALTR) Frequently Asked Questions

Is Altair Engineering a buy right now?

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.
View analyst ratings for Altair Engineering
or view top-rated stocks.

What stocks does MarketBeat like better than Altair Engineering?

Wall Street analysts have given Altair Engineering a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Altair Engineering wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Altair Engineering's next earnings date?

Altair Engineering is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for Altair Engineering
.

How were Altair Engineering's earnings last quarter?

Altair Engineering Inc. (NASDAQ:ALTR) issued its quarterly earnings results on Thursday, May, 6th. The software reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.21 by $0.10. The software had revenue of $150.16 million for the quarter, compared to analyst estimates of $139.40 million. Altair Engineering had a negative net margin of 3.08% and a positive trailing twelve-month return on equity of 1.10%. The firm's revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the business posted $0.16 earnings per share.
View Altair Engineering's earnings history
.

How has Altair Engineering's stock price been impacted by COVID-19 (Coronavirus)?

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 123.3% and is now trading at $65.22.
View which stocks have been most impacted by COVID-19
.

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

Altair Engineering updated its FY 2021 earnings guidance on Thursday, May, 13th. The company provided EPS guidance of - for the period. The company issued revenue guidance of $504 million-$512 million, compared to the consensus revenue estimate of $507.22 million.

What price target have analysts set for ALTR?

7 equities research analysts have issued 1 year target prices for Altair Engineering's stock. Their forecasts range from $45.00 to $68.00. On average, they expect Altair Engineering's stock price to reach $59.20 in the next twelve months. This suggests that the stock has a possible downside of 9.2%.
View analysts' price targets for Altair Engineering
or view top-rated stocks among Wall Street analysts.

Who are Altair Engineering's key executives?

Altair Engineering's management team includes the following people:
  • Mr. James R. Scapa, Founder, Chairman & CEO (Age 64, Pay $1.13M) (LinkedIn Profile)
  • Ms. Amy Messano, Chief Marketing Officer (Age 50, Pay $376.74k) (LinkedIn Profile)
  • Ms. Gilma Saravia, Chief People Officer (Age 46, Pay $374.91k) (LinkedIn Profile)
  • Dr. Uwe Schramm, Chief Technical Officer of Solvers & Optimization (Age 63, Pay $385.04k) (LinkedIn Profile)
  • Mr. Brett Chouinard, Pres, COO & Director (Age 56) (LinkedIn Profile)
  • Mr. Matthew Charles Brown, Chief Financial Officer (Age 40)
  • Mr. Brian Gayle, Chief Accounting Officer (Age 45)
  • Mr. David L. Simon, Chief Admin. Officer (Age 57) (LinkedIn Profile)
  • Mr. Raoul Maitra, Chief Legal Officer (Age 50) (LinkedIn Profile)
  • Ms. Stephanie Buckner, Sr. VP of Customer Engagement & Corp. Devel. (Age 33) (LinkedIn Profile)

What is James R. Scapa's approval rating as Altair Engineering's CEO?

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.

Who are some of Altair Engineering's key competitors?

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.com (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 $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."

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 BlackRock Inc. (5.91%), Conestoga Capital Advisors LLC (3.10%), Janus Henderson Group PLC (2.68%), Neuberger Berman Group LLC (2.35%), Ameriprise Financial Inc. (1.86%) and Oak Ridge Investments LLC (1.36%). Company insiders that own Altair Engineering stock include Amy Messano, Andrea Siudara, Brett R Chouinard, Brian Gayle, Christ Revocable Trust, David L Simon, Gc Investments Llc, George J Christ, Gilma Saravia, Howard N Morof, James Dagg, James Ralph Scapa, Jrs Investments Llc, Mahalingam Srikanth, Martin E Nichols, Nelson Dias, R Scapa Declaration Of James, Raoul Maitra, Richard Hart and Uwe Schramm.
View institutional ownership trends for Altair Engineering
.

Which institutional investors are selling Altair Engineering stock?

ALTR stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Janus Henderson Group PLC, Neuberger Berman Group LLC, Fred Alger Management LLC, Federated Hermes Inc., Primecap Management Co. CA, Northern Trust Corp, and State of New Jersey Common Pension Fund D. 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, Jrs Investments Llc, Mahalingam Srikanth, Nelson Dias, R Scapa Declaration Of James, Raoul Maitra, Richard Hart, and Uwe Schramm.
View insider buying and selling activity for Altair Engineering
or view top insider-selling stocks.

Which institutional investors are buying Altair Engineering stock?

ALTR stock was purchased by a variety of institutional investors in the last quarter, including Oak Ridge Investments LLC, Artisan Partners Limited Partnership, ARK Investment Management LLC, BlackRock Inc., Oak Ridge Investments LLC, Geode Capital Management LLC, Bradley Foster & Sargent Inc. CT, and Sei Investments Co..
View insider buying and selling activity for Altair Engineering
or or view top insider-buying stocks.

How do I buy shares of Altair Engineering?

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.
Compare Top Brokerages Here.

What is Altair Engineering's stock price today?

One share of ALTR stock can currently be purchased for approximately $65.22.

How much money does Altair Engineering make?

Altair Engineering has a market capitalization of $4.90 billion and generates $458.92 million in revenue each year. The software earns $-7,540,000.00 in net income (profit) each year or $0.22 on an earnings per share basis.

How many employees does Altair Engineering have?

Altair Engineering employs 3,050 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 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.

When was Altair Engineering founded?

Altair Engineering was founded in 1985.

What is Altair Engineering's official website?

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

Where are Altair Engineering's headquarters?

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

How can I contact Altair Engineering?

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]


This page was last updated on 5/18/2021 by MarketBeat.com Staff
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