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NASDAQ:ALTR

Altair Engineering (ALTR) Stock Price, News & Analysis

$89.83
0.00 (0.00%)
(As of 11:07 AM ET)
Today's Range
$89.47
$90.87
50-Day Range
$81.56
$100.25
52-Week Range
$57.59
$101.39
Volume
30,959 shs
Average Volume
495,127 shs
Market Capitalization
$7.46 billion
P/E Ratio
998.11
Dividend Yield
N/A
Price Target
$90.67

Altair Engineering MarketRank™ Stock Analysis

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
0.4% Upside
$90.67 Price Target
Short Interest
Healthy
5.05% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.04
Upright™ Environmental Score
News Sentiment
0.47mentions of Altair Engineering in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$25.04 M Sold Last Quarter
Proj. Earnings Growth
1.52%
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.

2.56 out of 5 stars

Construction Sector

72nd out of 96 stocks

Prepackaged Software Industry

120th out of 197 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

The Strange Disappearance of MILLIONS of American Jobs
A former hedge fund manager who bought Apple at a split-adjusted 35 cents and Amazon at $2.40 (split adjusted) just went issued a major warning.
Analysts’ Top Technology Picks: Altair Engineering (ALTR), Microsoft (MSFT)
Altair Engineering Inc. (NASDAQ:ALTR) Short Interest Down 6.1% in July
ALTR Sep 2024 100.000 call (ALTR240920C00100000)
The Strange Disappearance of MILLIONS of American Jobs
A former hedge fund manager who bought Apple at a split-adjusted 35 cents and Amazon at $2.40 (split adjusted) just went issued a major warning.
Baron Growth Fund Q2 2024 Shareholder Letter
2024 Altair Enlighten Award Winners Announced
See More Headlines
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Company Calendar

Last Earnings
8/01/2024
Today
8/22/2024
Next Earnings (Estimated)
11/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:ALTR
CUSIP
02144110
Employees
3,200
Year Founded
1985

Price Target and Rating

Average Stock Price Target
$90.67
High Stock Price Target
$100.00
Low Stock Price Target
$71.00
Potential Upside/Downside
+0.9%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
6 Analysts

Profitability

Net Income
$-8,930,000.00
Pretax Margin
4.63%

Debt

Sales & Book Value

Annual Sales
$627.21 million
Cash Flow
$0.81 per share
Book Value
$8.67 per share

Miscellaneous

Free Float
64,973,000
Market Cap
$7.46 billion
Optionable
Optionable
Beta
1.48

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ALTR Stock Analysis - Frequently Asked Questions

How have ALTR shares performed this year?

Altair Engineering's stock was trading at $84.15 at the start of the year. Since then, ALTR shares have increased by 7.4% and is now trading at $90.35.
View the best growth stocks for 2024 here
.

How were Altair Engineering's earnings last quarter?

Altair Engineering Inc. (NASDAQ:ALTR) posted its quarterly earnings results on Thursday, August, 1st. The software reported $0.16 EPS for the quarter, beating the consensus estimate of $0.15 by $0.01. The company's revenue for the quarter was up 5.4% compared to the same quarter last year.

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.

Does Altair Engineering have any subsidiaries?

The following companies are subsidiaries of Altair Engineering: Concept Engineering, Gen3D, Powersim, World Programming Ltd, S-FRAME Software Inc, M-Base, Univa, and more.

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?

Top institutional shareholders of Altair Engineering include Conestoga Capital Advisors LLC (3.00%), William Blair Investment Management LLC (1.12%), AXA S.A. (0.86%) and Bank of New York Mellon Corp (0.69%). Insiders that own company stock include Christ Revocable Trust, George J Christ, James Ralph Scapa, Nelson Dias, Matthew Charles Brown, Uwe Schramm, Mahalingam Srikanth, Ravi Kunju, Raoul Maitra, Amy Messano, Gilma Saravia, Brian Gayle, Stephanie Buckner, Shekar G Ayyar, Jeffrey Marraccini, Gc Investments Llc, Jrs Investments Llc and R Scapa Declaration Of James.
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.

What other stocks do shareholders of Altair Engineering own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Altair Engineering investors own include Gilead Sciences (GILD), Intel (INTC), QUALCOMM (QCOM), Tesla (tsla), Applied Materials (AMAT), NVIDIA (NVDA) and Cisco Systems (CSCO).

This page (NASDAQ:ALTR) was last updated on 8/22/2024 by MarketBeat.com Staff

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