Market Summary
USD69.21+1.00
Market Closed1.47%
ALTR Stock Price
ALTR RSI Chart
ALTR Valuation
ALTR Price/Sales (Trailing)
ALTR Profitability
ALTR Fundamentals
ALTR Revenue
ALTR Earnings
Price Action
52 Week Range
43.1770.08
(Low)(High)
Last 7 days
1.6%
Last 30 days
26.6%
Last 90 days
55.2%
Trailing 12 Months
9.5%
ALTR Financial Health
ALTR Investor Care
Peers (Alternatives to Altair Engineering)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
MSFT | 2.1T | 204.1B | 10.44% | -6.15% | 30.81 | 10.18 | 10.38% | -5.25% |
ORCL | 239.2B | 46.1B | 2.98% | 11.92% | 27.2 | 5.19 | 11.29% | -14.28% |
CRM | 186.1B | 31.4B | 15.51% | -11.57% | 894.86 | 5.94 | 19.41% | -85.60% |
ADBE | 170.8B | 17.6B | 6.63% | -12.58% | 35.91 | 9.7 | 11.54% | -1.37% |
ZM | 20.5B | 4.4B | -4.43% | -40.71% | 197.36 | 4.66 | 7.15% | -92.46% |
AZPN | 12.1B | - | -3.12% | 35.96% | 44.35 | 17.39 | - | - |
| MID-CAP | ||||||||
PLAN | 9.6B | 631.5M | -1.97% | 16.85% | -45.68 | 15.19 | 33.30% | -26.60% |
MANH | 9.1B | 767.1M | 2.62% | 4.53% | 70.79 | 11.9 | 15.59% | 16.73% |
GWRE | 6.5B | 869.9M | 8.75% | -16.49% | -32.62 | 7.44 | 13.87% | -103.37% |
APPN | 3.0B | 468.0M | -4.10% | -34.77% | -19.64 | 6.33 | 26.74% | -70.26% |
PING | 2.4B | 308.3M | 1.17% | 7.67% | -23.16 | 7.93 | 13.75% | -237.98% |
| SMALL-CAP | ||||||||
ZUO | 1.3B | 383.7M | 10.09% | -37.89% | -10.04 | 3.28 | 14.43% | -50.89% |
YEXT | 1.2B | 399.9M | 31.65% | 32.02% | -14.2 | 2.89 | 4.73% | 8.15% |
UPLD | 138.6M | 317.3M | -49.53% | -75.27% | -2.03 | 0.44 | 5.06% | -17.52% |
Financials for Altair Engineering
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 3.6% | 572 | 553 | 555 | 542 | 532 |
| Gross Profit | 4.3% | 449 | 431 | 429 | 414 | 403 |
| Operating Expenses | 4.3% | 456 | 438 | 413 | 399 | 390 |
| S&GA Expenses | 2.0% | 155 | 152 | 144 | 136 | 133 |
| R&D Expenses | 5.3% | 186 | 177 | 164 | 156 | 151 |
| EBITDA | 876.8% | 12.00 | -1.50 | 21.00 | 40.00 | 37.00 |
| EBITDA Margin | 850.2% | 0.02* | 0.00* | 0.04* | 0.07* | 0.07* |
| Earnings Before Taxes | 25.4% | -28.21 | -37.80 | -14.22 | 3.00 | -0.29 |
| EBT Margin | 27.9% | -0.05* | -0.07* | -0.03* | 0.01* | 0.00* |
| Interest Expenses | -26.0% | 4.00 | 6.00 | 7.00 | 10.00 | 12.00 |
| Net Income | 23.7% | -43.43 | -56.89 | -31.75 | -11.63 | -8.79 |
| Net Income Margin | 26.3% | -0.08* | -0.10* | -0.06* | -0.02* | -0.02* |
| Free Cahsflow | 20.6% | 30.00 | 25.00 | 19.00 | 24.00 | 54.00 |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 7.1% | 1,205 | 1,125 | 1,129 | 1,134 | 1,163 |
| Current Assets | 13.1% | 527 | 466 | 554 | 556 | 588 |
| Cash Equivalents | 1.4% | 316 | 312 | 416 | 406 | 414 |
| Net PPE | -3.6% | 38.00 | 39.00 | 39.00 | 40.00 | 40.00 |
| Goodwill | 485.6% | 449 | 77.00 | 15.00 | 379 | 370 |
| Liabilities | 7.7% | 635 | 589 | 570 | 514 | 549 |
| Current Liabilities | 17.3% | 233 | 198 | 187 | 431 | 474 |
| Shareholder's Equity | 6.4% | 570 | 536 | 558 | 618 | 613 |
| Retained Earnings | 9.0% | -121 | -133 | -100 | -66.62 | -102 |
| Additional Paid-In Capital | 0.8% | 721 | 716 | 687 | 698 | 724 |
| Accumulated Depreciation | -0.2% | 58.00 | 58.00 | 58.00 | 58.00 | - |
| Shares Outstanding | 0.3% | 79.00 | 79.00 | 79.00 | 76.00 | - |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | 21.5% | 40.00 | 33.00 | 25.00 | 31.00 | 62.00 |
| Share Based Compensation | 11.8% | 85.00 | 76.00 | 64.00 | 54.00 | 45.00 |
| Cashflow From Investing | 23.0% | -154 | -200 | -98.14 | -74.53 | -62.48 |
| Cashflow From Financing | -38.5% | 23.00 | 37.00 | 237 | 208 | 176 |
| Buy Backs | 236.1% | 20.00 | 6.00 | 6.00 | 0.00 | - |
Risks for ALTR
What is the probability of a big loss on ALTR?
81.5%
Probability that Altair Engineering stock will be more than 20% underwater in next one year
74.6%
Probability that Altair Engineering stock will be more than 30% underwater in next one year.
38.1%
Probability that Altair Engineering stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does ALTR drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Altair Engineering was unfortunately bought at previous high price.
Drawdowns
Returns for ALTR
Cumulative Returns on ALTR
18.0%
5-Year Cumulative Returns
40.1%
3-Year Cumulative Returns
What are the long-term rolling returns for ALTR?
FIve years rolling returns for Altair Engineering.
Annualized Returns
Which funds bought or sold ALTR recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | reduced | -0.05 | 6,999 | 263,999 | -% |
2023-03-06 | Rockefeller Capital Management L.P. | added | 3,445 | 345,000 | 354,000 | -% |
2023-02-28 | Voya Investment Management LLC | added | 29.86 | 3,968,760 | 13,324,800 | 0.02% |
2023-02-24 | NATIXIS | reduced | -17.03 | -109,502 | 529,498 | -% |
2023-02-21 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | new | - | 3,137 | 3,137 | -% |
2023-02-21 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | unchanged | - | -355 | 6,645 | -% |
2023-02-21 | MACQUARIE GROUP LTD | sold off | - | -27,000 | - | -% |
2023-02-17 | EQUITABLE TRUST CO | sold off | -100 | -511,000 | - | -% |
2023-02-16 | HARBOUR INVESTMENTS, INC. | new | - | 955 | 955 | -% |
2023-02-15 | Altshuler Shaham Ltd | reduced | -6.58 | -2,395 | 42,605 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Altair Engineering News
Schedule 13G FIlings of Altair Engineering
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| 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 | |
| Feb 06, 2023 | scapa james ralph | 24.9% | 17,354,192 | SC 13G/A | |
| Jan 31, 2023 | blackrock inc. | 7.7% | 4,056,464 | SC 13G/A | |
| Feb 14, 2022 | matrix capital management company, lp | 16.93% | 8,600,000 | SC 13G/A | |
| Feb 09, 2022 | vanguard group inc | 9.11% | 4,627,749 | SC 13G/A | |
| Feb 08, 2022 | scapa james ralph | 25.5% | 17,343,713 | SC 13G/A | |
| Feb 08, 2022 | christ george j | 17.2% | 10,525,782 | SC 13G/A | |
| Feb 03, 2022 | blackrock inc. | 8.9% | 4,539,534 | SC 13G/A |
ALTR Fair Value
Altair Engineering fair value in different scenarios
The table shows the Fair Value estimates for Altair Engineering for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | - - | - - | - - | - - | - - |
| Current Inflation | 3.34 -95.17% | 3.74 -94.60% | 4.45 -93.57% | 5.35 -92.27% | 6.32 -90.87% |
| Very High Inflation | - - | - - | - - | - - | - - |
Historical Altair Engineering Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Altair Engineering
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 17, 2023 | 4 | Insider Trading | |
| Mar 17, 2023 | 4 | Insider Trading | |
| Mar 17, 2023 | 4 | Insider Trading | |
| Mar 17, 2023 | 4 | Insider Trading | |
| Mar 17, 2023 | 4 | Insider Trading | |
| Mar 17, 2023 | 4 | Insider Trading | |
| Mar 17, 2023 | 4 | Insider Trading | |
| Mar 17, 2023 | 4 | Insider Trading | |
| Mar 17, 2023 | 4 | Insider Trading | |
| Mar 17, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for ALTR
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-17 | Dias Nelson | sold | -7,900 | 68.11 | -116 | chief revenue officer |
2023-03-17 | Gayle Brian | sold | -5,380 | 68.11 | -79.00 | chief accounting officer |
2023-03-16 | Gayle Brian | sold | -19,296 | 64.971 | -297 | chief accounting officer |
2023-03-16 | Maitra Raoul | sold | -20,336 | 64.973 | -313 | chief legal officer |
2023-03-16 | Marraccini Jeffrey | sold | -14,292 | 64.967 | -220 | see remarks |
2023-03-16 | Buckner Stephanie | sold | -2,013 | 64.962 | -31.00 | chief operating officer |
2023-03-16 | Scapa James Ralph | sold | -7,081 | 64.966 | -109 | chief executive officer |
2023-03-16 | Srikanth Mahalingam | sold | -348,916 | 67.7244 | -5,152 | chief technology officer |
2023-03-16 | Dias Nelson | sold | -27,417 | 64.9708 | -422 | chief revenue officer |
2023-03-16 | Saravia Gilma | sold | -10,070 | 64.973 | -155 | chief people officer |
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 in two segments, Software and Client Engineering Services. The 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 Internet of Things platform and analytics tools, as well as support and the complementary software products. This segment also offers 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's customers include 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 Income Statement
2022-12-31Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| Total revenue | $ 572,221 | $ 532,179 | $ 469,921 |
| Total cost of revenue | 122,889 | 129,666 | 121,305 |
| Gross profit | 449,332 | 402,513 | 348,616 |
| Operating expenses | |||
| Research and development | 185,863 | 151,049 | 126,081 |
| Sales and marketing | 155,245 | 132,750 | 111,440 |
| General and administrative | 97,606 | 91,500 | 86,432 |
| Amortization of intangible assets | 27,510 | 18,357 | 16,376 |
| Other operating income, net | (9,955) | (3,482) | (3,426) |
| Total operating expenses | 456,269 | 390,174 | 336,903 |
| Operating (loss) income | (6,937) | 12,339 | 11,713 |
| Interest expense | 4,377 | 12,065 | 11,598 |
| Other expense (income), net | 16,899 | 562 | (1,917) |
| (Loss) income before income taxes | (28,213) | (288) | 2,032 |
| Income tax expense | 15,216 | 8,506 | 12,532 |
| Net loss | $ (43,429) | $ (8,794) | $ (10,500) |
| Loss per share: | |||
| Net loss per share attributable to common stockholders, basic | $ (0.55) | $ (0.12) | $ (0.14) |
| Net loss per share attributable to common stockholders, diluted | $ (0.55) | $ (0.12) | $ (0.14) |
| Weighted average shares outstanding: | |||
| Weighted average number of shares used in computing net loss per share, basic | 79,472 | 76,179 | 73,241 |
| Weighted average number of shares used in computing net loss per share, diluted | 79,472 | 76,179 | 73,241 |
| Total Software and Related Services [Member] | |||
| Total revenue | $ 537,169 | $ 485,569 | $ 418,165 |
| Total cost of revenue | 94,301 | 90,996 | 79,568 |
| License [Member] | |||
| Total revenue | 363,520 | 324,808 | 259,965 |
| Total cost of revenue | 20,497 | 19,929 | 19,637 |
| Maintenance and Other Services [Member] | |||
| Total revenue | 142,988 | 128,938 | 131,746 |
| Total cost of revenue | 51,946 | 47,862 | 38,688 |
| Total Software [Member] | |||
| Total revenue | 506,508 | 453,746 | 391,711 |
| Total cost of revenue | 72,443 | 67,791 | 58,325 |
| Software Related Services [Member] | |||
| Total revenue | 30,661 | 31,823 | 26,454 |
| Total cost of revenue | 21,858 | 23,205 | 21,243 |
| Client Engineering Services [Member] | |||
| Total revenue | 28,883 | 39,282 | 44,320 |
| Total cost of revenue | 23,577 | 31,710 | 35,684 |
| Other [Member] | |||
| Total revenue | 6,169 | 7,328 | 7,436 |
| Total cost of revenue | $ 5,011 | $ 6,960 | $ 6,053 |
ALTR Balance Sheet
2022-12-31Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| CURRENT ASSETS | ||
| Cash and cash equivalents | $ 316,146 | $ 413,743 |
| Accounts receivable, net | 170,279 | 137,561 |
| Income tax receivable | 11,259 | 9,388 |
| Prepaid expenses and other current assets | 29,142 | 27,529 |
| Total current assets | 526,826 | 588,221 |
| Property and equipment, net | 37,517 | 40,478 |
| Operating lease right of use assets | 33,601 | 28,494 |
| Goodwill | 449,048 | 370,178 |
| Other intangible assets, net | 107,609 | 99,057 |
| Deferred tax assets | 9,727 | 8,495 |
| Other long-term assets | 40,410 | 28,352 |
| TOTAL ASSETS | 1,204,738 | 1,163,275 |
| CURRENT LIABILITIES | ||
| Accounts payable | 10,434 | 6,647 |
| Accrued compensation and benefits | 42,456 | 42,307 |
| Current portion of operating lease liabilities | 10,396 | 9,933 |
| Other accrued expenses and current liabilities | 56,371 | 122,226 |
| Deferred revenue | 113,081 | 93,160 |
| Convertible senior notes, net | 0 | 199,705 |
| Total current liabilities | 232,738 | 473,978 |
| Convertible senior notes, net | 305,604 | 0 |
| Operating lease liabilities, net of current portion | 24,065 | 19,550 |
| Deferred revenue, non-current | 31,379 | 12,872 |
| Other long-term liabilities | 41,216 | 42,894 |
| TOTAL LIABILITIES | 635,002 | 549,294 |
| Commitments and contingencies | ||
| MEZZANINE EQUITY | 0 | 784 |
| STOCKHOLDERS’ EQUITY | ||
| Preferred stock ($0.0001 par value), authorized 45,000 shares, none issued or outstanding | 0 | 0 |
| Additional paid-in capital | 721,307 | 724,226 |
| Accumulated deficit | (121,577) | (102,087) |
| Accumulated other comprehensive loss | (30,002) | (8,950) |
| TOTAL STOCKHOLDERS’ EQUITY | 569,736 | 613,197 |
| TOTAL LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ EQUITY | 1,204,738 | 1,163,275 |
| Class A Common Stock [Member] | ||
| STOCKHOLDERS’ EQUITY | ||
| Common stock | 5 | 5 |
| Class B Common Stock [Member] | ||
| STOCKHOLDERS’ EQUITY | ||
| Common stock | $ 3 | $ 3 |