S&P 500   4,455.48
DOW   34,798.00
QQQ   373.33
S&P 500   4,455.48
DOW   34,798.00
QQQ   373.33
S&P 500   4,455.48
DOW   34,798.00
QQQ   373.33
S&P 500   4,455.48
DOW   34,798.00
QQQ   373.33
NASDAQ:ALTR

Altair Engineering Stock Forecast, Price & News

$74.45
-0.25 (-0.33 %)
(As of 09/24/2021 12:00 AM ET)
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Today's Range
$73.29
$74.89
50-Day Range
$66.01
$76.39
52-Week Range
$39.66
$76.91
Volume324,691 shs
Average Volume267,410 shs
Market Capitalization$5.62 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.5
30 days | 90 days | 365 days | Advanced Chart
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Altair Engineering logo

About Altair Engineering

Altair Engineering, Inc. engages in the provision of software and cloud solutions for product design & development, high performance cloud computing and data intelligence. It operates through the following segments: Software and Client Engineering Services. The Software segment includes a portfolio of software products; as well as solvers and optimization technology products, modelling and visualization tools. The Client Engineering Services segment engages in the provision of client engineering services to support customers with long-term, ongoing product design and development expertise. The company was founded by James Ralph Scapa in 1985 and is headquartered in Troy, MI.

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MarketRank

Overall MarketRank

2.11 out of 5 stars

Construction Sector

71st out of 137 stocks

Prepackaged Software Industry

92nd out of 251 stocks

Analyst Opinion: 1.4Community Rank: 4.0Dividend Strength: 0.0Insider Behavior: 3.3Valuation: 1.9 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 year. 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.

Are investors shorting Altair Engineering?

Altair Engineering saw a increase in short interest in 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 presently 23.6 days. Approximately 11.7% of the shares of the company are sold short.
View Altair Engineering's Short Interest
.

When is Altair Engineering's next earnings date?

Altair Engineering is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for Altair Engineering
.

How were Altair Engineering's earnings last quarter?

Altair Engineering Inc. (NASDAQ:ALTR) posted its quarterly earnings data on Thursday, August, 5th. The software reported ($0.04) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.11) by $0.07. The software earned $119.91 million during 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
.

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

Altair Engineering's stock was trading at $29.21 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, ALTR stock has increased by 154.9% and is now trading at $74.45.
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 third quarter 2021 earnings guidance on Thursday, September, 2nd. The company provided earnings per share (EPS) 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.

What price target have analysts set for ALTR?

7 brokerages have issued 12 month price targets for Altair Engineering's stock. Their forecasts range from $60.00 to $80.00. On average, they expect Altair Engineering's share price to reach $69.40 in the next twelve months. This suggests that the stock has a possible downside of 6.8%.
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:

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.

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 acted 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 variety 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.
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 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.
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 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.
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 $74.45.

How much money does Altair Engineering make?

Altair Engineering has a market capitalization of $5.62 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.

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 9/25/2021 by MarketBeat.com Staff

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