ALTR - Altair Engineering Inc Stock Price, Fair Value and News

84.97USD-1.12 (-1.30%)Delayed as of 08 May 2024, 12:02 pm ET

Market Summary

USD84.97-1.12

Delayedas of 08 May 2024, 12:02 pm

-1.30%

ALTR Alerts

2 major insider sales recently.

Big jump in Earnings (Y/Y)

ALTR Stock Price

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ALTR RSI Chart

ALTR Valuation

Market Cap

7.1B

Price/Earnings (Trailing)

742.16

Price/Sales (Trailing)

11.48

EV/EBITDA

88.76

Price/Free Cashflow

54.55

ALTR Price/Sales (Trailing)

ALTR Profitability

Operating Margin

81.87%

EBT Margin

4.63%

Return on Equity

1.26%

Return on Assets

0.69%

Free Cashflow Yield

1.83%

ALTR Fundamentals

ALTR Revenue

Revenue (TTM)

619.6M

Rev. Growth (Yr)

4.14%

Rev. Growth (Qtr)

0.82%

ALTR Earnings

Earnings (TTM)

9.6M

Earnings Growth (Yr)

944.67%

Earnings Growth (Qtr)

-15.9%

Breaking Down ALTR Revenue

52 Week Range

60.0085.82

(Low)(High)

Last 7 days

7.1%

Last 30 days

1.9%

Last 90 days

-3.7%

Trailing 12 Months

27.4%

How does ALTR drawdown profile look like?

ALTR Financial Health

Current Ratio

2.46

Debt/Equity

0.25

Debt/Cashflow

0.75

ALTR Investor Care

Shares Dilution (1Y)

2.99%

Diluted EPS (TTM)

0.12

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	619.6M	0	0	0
2023	578.5M	587.0M	601.6M	612.7M
2022	541.8M	554.5M	552.6M	572.2M
2021	488.6M	510.0M	524.8M	532.2M
2020	462.5M	454.3M	460.4M	469.9M
2019	411.0M	424.4M	438.0M	458.9M
2018	369.7M	381.4M	383.2M	396.4M
2017	315.3M	319.4M	326.3M	333.3M
2016	298.9M	303.7M	308.5M	313.2M
2015	0	0	0	294.1M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Altair Engineering Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 09, 2024	christ george j	sold	-1,097,380	85.8467	-12,783	-
Apr 09, 2024	christ revocable trust	sold	-1,097,380	85.8467	-12,783	-
Apr 02, 2024	harris teresa a	acquired	-	-	620	-
Apr 02, 2024	harris teresa a	sold	-52,080	84.00	-620	-
Mar 28, 2024	christ george j	sold	-7,165,780	85.9866	-83,336	-
Mar 28, 2024	christ revocable trust	sold	-7,165,780	85.9866	-83,336	-
Mar 26, 2024	christ revocable trust	sold	-333,490	85.4226	-3,904	-
Mar 26, 2024	christ george j	sold	-333,490	85.4226	-3,904	-
Mar 22, 2024	christ revocable trust	sold	-1,106,380	86.7067	-12,760	-
Mar 22, 2024	christ george j	sold	-1,106,380	86.7067	-12,760	-

Which funds bought or sold ALTR recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 06, 2024	SG Americas Securities, LLC	new	-	177,000	177,000	-%
May 06, 2024	Portfolio Strategies, Inc.	new	-	221,406	221,406	0.03%
May 06, 2024	Candriam S.C.A.	new	-	37,453,600	37,453,600	0.24%
May 06, 2024	Parallel Advisors, LLC	unchanged	-	640	27,568	-%
May 06, 2024	Jefferies Financial Group Inc.	added	17.69	619,193	1,681,150	0.01%
May 06, 2024	Hilltop National Bank	new	-	93,817	93,817	0.03%
May 06, 2024	Quantbot Technologies LP	sold off	-100	-55,371	-	-%
May 06, 2024	TEACHER RETIREMENT SYSTEM OF TEXAS	reduced	-39.17	-244,000	402,000	-%
May 06, 2024	DUALITY ADVISERS, LP	reduced	-8.91	-63,700	880,884	0.09%
May 06, 2024	Advisory Services Network, LLC	sold off	-100	-3,282	-	-%

Are Funds Buying or Selling ALTR?

Are funds buying ALTR calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own ALTR

No. of Funds

Unveiling Altair Engineering Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	scapa james ralph	23.9%	17,116,566	SC 13G/A
Feb 13, 2024	christ george j	15.8%	10,200,732	SC 13G/A
Feb 13, 2024	matrix capital management company, lp	22.4%	12,233,174	SC 13G/A
Feb 13, 2024	vanguard group inc	10.55%	5,761,445	SC 13G/A
Jan 31, 2024	pictet asset management sa	5.3%	2	SC 13G
Jan 25, 2024	blackrock inc.	8.4%	4,588,507	SC 13G/A
Jun 09, 2023	vanguard group inc	10.12%	5,407,405	SC 13G/A
Feb 13, 2023	matrix capital management company, lp	20.75%	10,871,000	SC 13G/A
Feb 09, 2023	vanguard group inc	9.93%	5,205,164	SC 13G/A
Feb 06, 2023	christ george j	17.2%	10,900,732	SC 13G/A

Recent SEC filings of Altair Engineering Inc

View All Filings

Date Filed	Form Type	Document
May 07, 2024	144	Notice of Insider Sale Intent
May 02, 2024	10-Q	Quarterly Report
May 02, 2024	8-K	Current Report
Apr 11, 2024	4	Insider Trading
Apr 11, 2024	4	Insider Trading
Apr 05, 2024	ARS	ARS
Apr 05, 2024	DEF 14A	DEF 14A
Apr 05, 2024	DEFA14A	DEFA14A
Apr 03, 2024	4	Insider Trading
Apr 02, 2024	144	Notice of Insider Sale Intent

Peers (Alternatives to Altair Engineering Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MSFT	3.0T	236.6B	-3.84%	32.57%	35.29	12.85	13.97%	24.86%
ADBE	220.5B	19.9B	1.47%	43.08%	45.94	11.06	10.76%	1.35%
CRWD	74.6B	3.1B	-0.92%	136.08%	835.11	24.41	36.33%	148.75%
SQ	44.1B	22.9B	-7.22%	21.77%	88.59	1.93	23.28%	240.37%
AKAM	15.4B	3.8B	-4.30%	28.13%	28.13	4.04	5.40%	4.57%
FFIV	9.9B	2.8B	-12.51%	24.66%	19.79	3.54	0.20%	52.82%
MID-CAP
ALTR	7.1B	619.6M	1.87%	27.35%	742.16	11.48	7.11%	116.83%
HCP	6.4B	583.1M	27.04%	10.44%	-33.34	10.9	22.54%	30.49%
ACIW	3.8B	1.5B	10.88%	47.29%	25.9	2.56	6.51%	54.77%
APPN	2.3B	560.0M	-16.33%	-10.37%	-21.7	4.17	14.52%	34.67%
SMALL-CAP
CSGS	1.2B	1.2B	-13.79%	-13.91%	19.38	1.07	3.70%	18.24%
ATEN	1.2B	254.7M	15.48%	12.87%	25.25	4.53	-7.51%	2.74%
BAND	597.2M	634.3M	28.96%	99.38%	-20.46	0.94	9.43%	-197.31%
DTSS	18.7M	7.0M	-11.44%	-56.06%	-2.18	2.91	-55.73%	-45.27%
BLIN	12.5M	15.6M	-8.27%	32.61%	-1.25	0.8	-6.37%	-5256.07%

Altair Engineering Inc News

Latest updates

Altair Engineering Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	0.8%	173	172	134	141	166	160	119	133	160	141	121	120	150	133	106	99.00	131	124	100	107	128
Gross Profit	-0.2%	142	142	105	110	133	127	91.00	103	128	108	90.00	88.00	117	101	77.00	73.00	97.00	87.00	69.00	76.00	95.00
Operating Expenses	1.1%	121	120	116	127	128	122	116	110	107	103	92.00	97.00	99.00	93.00	81.00	78.00	85.00	83.00	79.00	79.00	77.00
S&GA Expenses	1.9%	44.00	44.00	44.00	45.00	43.00	44.00	41.00	41.00	38.00	47.00	31.00	32.00	32.00	31.00	27.00	26.00	28.00	28.00	26.00	26.00	26.00
R&D Expenses	-0.4%	52.00	53.00	52.00	55.00	53.00	52.00	53.00	50.00	47.00	54.00	36.00	39.00	38.00	35.00	31.00	29.00	31.00	30.00	30.00	30.00	28.00
EBITDA Margin	26.2%	0.12*	0.09*	0.07*	0.04*	0.01*	0.02*	0.00*	0.04*	0.07*	0.07*	0.08*	0.08*	0.09*	0.08*	0.07*	0.06*	0.06*	0.07*	0.05*	0.08*	0.08*
Interest Expenses	2.8%	2.00	2.00	2.00	2.00	2.00	2.00	2.00	1.00	1.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	1.00	0.00
Income Taxes	-33.5%	7.00	10.00	-6.54	9.00	9.00	0.00	5.00	4.00	7.00	4.00	3.00	1.00	0.00	2.00	3.00	3.00	5.00	4.00	3.00	-0.17	4.00
Earnings Before Taxes	-21.9%	23.00	30.00	-10.90	-13.60	7.00	12.00	-28.67	-29.87	18.00	3.00	-5.09	-12.29	14.00	4.00	-5.57	-7.45	11.00	2.00	-12.64	-3.29	17.00
EBT Margin	124.6%	0.05*	0.02*	-0.01*	-0.04*	-0.07*	-0.05*	-0.07*	-0.03*	0.01*	0.00*	0.00*	0.00*	0.01*	0.00*	0.00*	-0.02*	-0.01*	0.01*	0.00*	0.03*	0.04*
Net Income	-15.9%	17.00	20.00	-4.36	-22.28	-1.96	12.00	-33.25	-33.77	12.00	-1.40	-8.11	-13.65	14.00	2.00	-8.51	-10.22	6.00	-1.50	-15.94	-3.12	13.00
Net Income Margin	206.1%	0.02*	-0.01*	-0.03*	-0.08*	-0.10*	-0.08*	-0.10*	-0.06*	-0.02*	-0.02*	-0.01*	-0.01*	0.00*	-0.02*	-0.03*	-0.05*	-0.03*	-0.02*	-0.03*	0.00*	0.01*
Free Cashflow	265.5%	71.00	19.00	15.00	26.00	57.00	10.00	5.00	11.00	4.00	5.00	-0.55	16.00	34.00	3.00	-7.50	4.00	26.00	-0.15	-3.32	4.00	21.00

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	1.2%	1,380	1,363	1,252	1,256	1,226	1,205	1,125	1,129	1,134	1,163	1,014	820	818	830	780	737	735	743	717	730	519
Current Assets	4.2%	730	701	592	587	549	527	466	554	556	588	580	383	379	387	360	352	357	352	361	364	156
Cash Equivalents	19.3%	558	467	431	418	378	316	312	416	406	414	456	260	244	242	246	251	247	223	247	252	40.00
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.00
Net PPE	-2.4%	39.00	40.00	38.00	39.00	38.00	38.00	39.00	39.00	40.00	40.00	39.00	40.00	39.00	36.00	34.00	34.00	35.00	36.00	34.00	34.00	34.00
Goodwill	-0.7%	455	458	453	453	451	449	77.00	15.00	379	370	269	263	262	264	18.00	233	230	234	211	212	211
Liabilities	-5.4%	617	652	618	636	619	635	589	570	514	549	411	420	418	451	419	381	376	386	371	368	215
Current Liabilities	-8.4%	297	324	297	319	300	233	198	187	431	474	348	356	359	201	149	146	151	153	143	141	143
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	189	216	183	181	178	176	173	16.00
Shareholder's Equity	7.3%	763	711	634	620	607	570	536	558	618	613	602	399	399	379	359	355	356	355	343	360	309
Retained Earnings	12.7%	-113	-130	-150	-145	-123	-121	-133	-100	-66.62	-102	-100	-92.58	-78.93	-93.29	-95.49	-86.99	-76.76	-82.40	-80.90	-64.96	-68.99
Additional Paid-In Capital	4.6%	904	864	817	790	753	721	716	687	698	724	711	496	485	475	465	456	450	447	436	434	381
Shares Outstanding	2.5%	83.00	81.00	80.00	80.00	80.00	79.00	79.00	79.00	79.00	76.00	75.00	75.00	75.00	73.00	73.00	73.00	73.00	72.00	71.00	71.00	71.00
Float	-	-	-	-	4,100	-	-	-	2,700	-	-	-	3,200	-	-	-	1,600	-	-	-	1,600	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	239.2%	73,450	21,651	16,427	30,030	59,199	13,036	8,493	12,255	5,786	6,029	872	18,151	36,571	5,503	-6,022	5,365	28,036	1,388	-1,863	6,553	25,315
Share Based Compensation	-16.5%	15,999	19,158	20,526	23,736	22,161	22,263	22,710	21,200	18,614	13,320	10,933	10,648	9,648	7,416	6,234	4,534	3,171	2,944	2,292	2,080	1,212
Cashflow From Investing	-21.1%	-2,764	-2,283	-5,212	-5,225	-3,132	-3,338	-109,734	-25,935	-15,504	-49,571	-7,131	-2,329	-3,451	-12,526	-31,475	-3,076	-2,015	-26,553	-1,582	-2,779	-4,925
Cashflow From Financing	72.1%	22,026	12,796	3,969	15,545	5,456	-12,171	3,234	29,409	2,509	2,212	203,056	515	-29,836	557	30,426	191	76.00	-44.00	-184	207,911	-15,767
Buy Backs	-	-	-	-	-	4,256	17,271	-	4,387	-	-	-	-	-	-	-	-	-	-	-	-	-

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ALTR Income Statement

2024-03-31

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Total revenue	$ 172,912	$ 166,034
Total cost of revenue	30,893	32,735
Gross profit	142,019	133,299
Operating expenses:
Research and development	52,333	53,251
Sales and marketing	44,434	43,492
General and administrative	17,761	17,951
Amortization of intangible assets	7,438	7,814
Other operating (income) expense, net	(882)	5,605
Total operating expenses	121,084	128,113
Operating income	20,935	5,186
Interest expense	1,576	1,526
Other income, net	(3,957)	(3,613)
Income before income taxes	23,316	7,273
Income tax expense	6,769	9,232
Net income (loss)	$ 16,547	$ (1,959)
Income (loss) per share:
Net income (loss) per share attributable to common stockholders, basic	$ 0.2	$ (0.02)
Net income (loss) per share attributable to common stockholders, diluted	$ 0.2	$ (0.02)
Weighted average shares outstanding:
Weighted average number of shares used in computing net income (loss) per share, basic	82,587	80,191
Weighted average number of shares used in computing net income (loss) per share, diluted	89,806	80,191
Total Software [Member]
Total revenue	$ 158,429	$ 149,643
Total cost of revenue	18,656	19,250
License [Member]
Total revenue	117,707	112,409
Total cost of revenue	4,490	4,824
Maintenance and Other Services [Member]
Total revenue	40,722	37,234
Total cost of revenue	14,166	14,426
Engineering Services and Other [Member]
Total revenue	6,457	7,776
Engineering Services and Other [Member]
Total revenue	14,483	16,391
Total cost of revenue	12,237	13,485
Other [Member]
Total revenue	$ 1,409	$ 1,515

ALTR Balance Sheet

2024-03-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
CURRENT ASSETS:
Cash and cash equivalents	$ 557,605	$ 467,459
Accounts receivable, net	127,870	190,461
Income tax receivable	18,898	16,650
Prepaid expenses and other current assets	26,026	26,053
Total current assets	730,399	700,623
Property and equipment, net	38,837	39,803
Operating lease right of use assets	30,175	30,759
Goodwill	454,953	458,125
Other intangible assets, net	75,357	83,550
Deferred tax assets	9,699	9,955
Other long-term assets	40,491	40,678
TOTAL ASSETS	1,379,911	1,363,493
CURRENT LIABILITIES:
Accounts payable	6,522	8,995
Accrued compensation and benefits	35,911	45,081
Current portion of operating lease liabilities	8,330	8,825
Other accrued expenses and current liabilities	43,820	48,398
Deferred revenue	120,554	131,356
Current portion of convertible senior notes, net	81,617	81,455
Total current liabilities	296,754	324,110
Convertible senior notes, net	226,223	225,929
Operating lease liabilities, net of current portion	22,508	22,625
Deferred revenue, non-current	24,385	32,347
Other long-term liabilities	47,113	47,151
TOTAL LIABILITIES	616,983	652,162
Commitments and contingencies
STOCKHOLDERS’ EQUITY:
Preferred stock ($0.0001 par value), authorized 45,000 shares, none issued and outstanding	0	0
Additional paid-in capital	904,180	864,135
Accumulated deficit	(113,956)	(130,503)
Accumulated other comprehensive loss	(27,304)	(22,309)
TOTAL STOCKHOLDERS’ EQUITY	762,928	711,331
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	1,379,911	1,363,493
Class A Common Stock [Member]
STOCKHOLDERS’ EQUITY:
Common stock	5	5
Class B Common Stock [Member]
STOCKHOLDERS’ EQUITY:
Common stock	$ 3	$ 3

About Altair Engineering Inc

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 in the United States and internationally. The company 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 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 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.

CEO	Mr. James R. Scapa
WEBSITE	altair.com
INDUSTRY	Software - Infra
EMPLOYEES	3200

Altair Engineering Inc Frequently Asked Questions

What is the ticker symbol for Altair Engineering Inc? What does ALTR stand for in stocks?

ALTR is the stock ticker symbol of Altair Engineering Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Altair Engineering Inc (ALTR)?

As of Tue May 07 2024, market cap of Altair Engineering Inc is 7.11 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of ALTR stock?

You can check ALTR's fair value in chart for subscribers.

What is the fair value of ALTR stock?

You can check ALTR's fair value in chart for subscribers. The fair value of Altair Engineering Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Altair Engineering Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for ALTR so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Altair Engineering Inc a good stock to buy?

The fair value guage provides a quick view whether ALTR is over valued or under valued. Whether Altair Engineering Inc is cheap or expensive depends on the assumptions which impact Altair Engineering Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for ALTR.

What is Altair Engineering Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 07 2024, ALTR's PE ratio (Price to Earnings) is 742.16 and Price to Sales (PS) ratio is 11.48. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. ALTR PE ratio will change depending on the future growth rate expectations of investors.