Altair Engineering Stock Price, News & Analysis (NASDAQ:ALTR)

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

Altair Engineering Inc (NASDAQ:ALTR) issued its quarterly earnings results on Thursday, August, 8th. The software reported $0.06 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.02. The software had revenue of $106.80 million for the quarter, compared to analyst estimates of $108.69 million. Altair Engineering had a return on equity of 9.71% and a net margin of 1.48%. The company's quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.05 earnings per share. View Altair Engineering's Earnings History.

Altair Engineering is scheduled to release their next quarterly earnings announcement on Thursday, November 14th 2019. View Earnings Estimates for Altair Engineering.

Altair Engineering issued an update on its third quarter 2019 earnings guidance on Thursday, August, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $105.20 - 107.20, compared to the consensus revenue estimate of $107.42 million.

5 brokerages have issued 1 year target prices for Altair Engineering's stock. Their predictions range from $36.00 to $40.00. On average, they expect Altair Engineering's share price to reach $37.43 in the next twelve months. This suggests a possible upside of 6.2% from the stock's current price. View Analyst Price Targets for Altair Engineering.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altair Engineering in the last year. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Altair Engineering.

News articles about ALTR stock have been trending somewhat negative on Friday, according to InfoTrie. The research group identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Altair Engineering earned a news sentiment score of -1.9 on InfoTrie's scale. They also assigned news headlines about the software a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the next few days. View News Stories for Altair Engineering.

Altair Engineering saw a increase in short interest in the month of September. As of September 30th, there was short interest totalling 4,730,000 shares, an increase of 24.8% from the August 30th total of 3,790,000 shares. Based on an average daily volume of 423,700 shares, the days-to-cover ratio is presently 11.2 days. Currently, 13.0% of the shares of the stock are sold short. View Altair Engineering's Current Options Chain.

Some companies that are related to Altair Engineering include Datadog (DDOG), Black Knight (BKI), Guidewire Software (GWRE), Coupa Software (COUP), Dropbox (DBX), PTC (PTC), Momo (MOMO), UBISOFT ENTMT S/ADR (UBSFY), Ceridian HCM (CDAY), Mongodb (MDB), HubSpot (HUBS), Trend Micro (TMICY), Alteryx (AYX), Konami (KNMCY) and Elastic (ESTC).

Based on aggregate information from My MarketBeat watchlists, some companies that other Altair Engineering investors own include NVIDIA (NVDA), Intel (INTC), QUALCOMM (QCOM), Allergan (AGN), Cisco Systems (CSCO), Xilinx (XLNX), salesforce.com (CRM), General Electric (GE), Twitter (TWTR) and Skyworks Solutions (SWKS).

(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 acted as the underwriters for the IPO and William Blair and Canaccord Genuity were co-managers.

Altair Engineering's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Well Done LLC (18.59%) and Envestnet Asset Management Inc. (0.02%). Company insiders that own Altair Engineering stock include Brett R Chouinard, Christ Revocable Trust, Gc Investments Llc, George J Christ, Howard N Morof, James Dagg, James E Brancheau, James Ralph Scapa, Jan Kowal, Jrs Investments Llc, Mahalingam Srikanth, Martin E Nichols, Massimo Giuseppe Fariello, Nelson Dias, R Scapa Declaration Of James and Uwe Schramm. View Institutional Ownership Trends for Altair Engineering.

ALTR stock was bought by a variety of institutional investors in the last quarter, including Well Done LLC and Envestnet Asset Management Inc.. View Insider Buying and Selling for 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of ALTR stock can currently be purchased for approximately $35.25.

Altair Engineering has a market capitalization of $2.53 billion and generates $396.38 million in revenue each year. The software earns $13.72 million in net income (profit) each year or $0.37 on an earnings per share basis. Altair Engineering employs 2,850 workers across the globe.View Additional Information About Altair Engineering.

The official website for Altair Engineering is http://www.altair.com/.

Altair Engineering's mailing address is 1820 E. BIG BEAVER ROAD, TROY MI, 48083. The software can be reached via phone at 248-614-2400 or via email at [email protected]