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Altair Engineering Inc Stock Research

ALTR

69.21USD+1.00(+1.47%)Market Closed

Market Summary

USD69.21+1.00
Market Closed
1.47%

ALTR Alerts

ALTR Stock Price

ALTR RSI Chart

ALTR Valuation

Market Cap

5.5B

Price/Earnings (Trailing)

-126.23

Price/Sales (Trailing)

9.58

EV/EBITDA

442.73

Price/Free Cashflow

183.21

ALTR Price/Sales (Trailing)

ALTR Profitability

EBT Margin

-4.93%

Return on Equity

-7.62%

Return on Assets

-3.6%

Free Cashflow Yield

0.55%

ALTR Fundamentals

ALTR Revenue

Revenue (TTM)

572.2M

Revenue Y/Y

13.95%

Revenue Q/Q

34.42%

ALTR Earnings

Earnings (TTM)

-43.4M

Earnings Y/Y

963.64%

Earnings Q/Q

136.29%

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

Current Ratio

2.26

ALTR Investor Care

Shares Dilution (1Y)

4.56%

Diluted EPS (TTM)

-0.55

Peers (Alternatives to Altair Engineering)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
2.1T
204.1B
10.44% -6.15%
30.81
10.18
10.38% -5.25%
239.2B
46.1B
2.98% 11.92%
27.2
5.19
11.29% -14.28%
186.1B
31.4B
15.51% -11.57%
894.86
5.94
19.41% -85.60%
170.8B
17.6B
6.63% -12.58%
35.91
9.7
11.54% -1.37%
20.5B
4.4B
-4.43% -40.71%
197.36
4.66
7.15% -92.46%
12.1B
-
-3.12% 35.96%
44.35
17.39
- -
MID-CAP
9.6B
631.5M
-1.97% 16.85%
-45.68
15.19
33.30% -26.60%
9.1B
767.1M
2.62% 4.53%
70.79
11.9
15.59% 16.73%
6.5B
869.9M
8.75% -16.49%
-32.62
7.44
13.87% -103.37%
3.0B
468.0M
-4.10% -34.77%
-19.64
6.33
26.74% -70.26%
2.4B
308.3M
1.17% 7.67%
-23.16
7.93
13.75% -237.98%
SMALL-CAP
1.3B
383.7M
10.09% -37.89%
-10.04
3.28
14.43% -50.89%
1.2B
399.9M
31.65% 32.02%
-14.2
2.89
4.73% 8.15%
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)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue3.6%572553555542532
Gross Profit4.3%449431429414403
Operating Expenses4.3%456438413399390
  S&GA Expenses2.0%155152144136133
  R&D Expenses5.3%186177164156151
EBITDA876.8%12.00-1.5021.0040.0037.00
EBITDA Margin850.2%0.02*0.00*0.04*0.07*0.07*
Earnings Before Taxes25.4%-28.21-37.80-14.223.00-0.29
EBT Margin27.9%-0.05*-0.07*-0.03*0.01*0.00*
Interest Expenses-26.0%4.006.007.0010.0012.00
Net Income23.7%-43.43-56.89-31.75-11.63-8.79
Net Income Margin26.3%-0.08*-0.10*-0.06*-0.02*-0.02*
Free Cahsflow20.6%30.0025.0019.0024.0054.00
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets7.1%1,2051,1251,1291,1341,163
  Current Assets13.1%527466554556588
    Cash Equivalents1.4%316312416406414
  Net PPE-3.6%38.0039.0039.0040.0040.00
  Goodwill485.6%44977.0015.00379370
Liabilities7.7%635589570514549
  Current Liabilities17.3%233198187431474
Shareholder's Equity6.4%570536558618613
  Retained Earnings9.0%-121-133-100-66.62-102
  Additional Paid-In Capital0.8%721716687698724
Accumulated Depreciation-0.2%58.0058.0058.0058.00-
Shares Outstanding0.3%79.0079.0079.0076.00-
Cashflow (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations21.5%40.0033.0025.0031.0062.00
  Share Based Compensation11.8%85.0076.0064.0054.0045.00
Cashflow From Investing23.0%-154-200-98.14-74.53-62.48
Cashflow From Financing-38.5%23.0037.00237208176
  Buy Backs236.1%20.006.006.000.00-

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 ascendingFund NameType% 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
-%

1–10 of 47

Latest Funds Activity

Are funds buying ALTR calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own ALTR
No. of Funds

Altair Engineering News

Nasdaq

Howmet (HWM) Up 31% in 6 Months: Will the Momentum Continue?.

Nasdaq,
15 hours ago

Seeking Alpha

Seeking Alpha

Investor's Business Daily

Marketscreener.com

Insider Sell : Altair Engineering.

Marketscreener.com,
21 days ago

Investor's Business Daily

Schedule 13G FIlings of Altair Engineering

Date FiledName of FilerPercent of ClassNo. of SharesForm 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 ValueVery PessimisticPessimisticBase CaseOptimisticVery 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 ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

James R. Scapa
2800
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

2022-12-31
Consolidated 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 revenue122,889129,666121,305
Gross profit449,332402,513348,616
Operating expenses   
Research and development185,863151,049126,081
Sales and marketing155,245132,750111,440
General and administrative97,60691,50086,432
Amortization of intangible assets27,51018,35716,376
Other operating income, net(9,955)(3,482)(3,426)
Total operating expenses456,269390,174336,903
Operating (loss) income(6,937)12,33911,713
Interest expense4,37712,06511,598
Other expense (income), net16,899562(1,917)
(Loss) income before income taxes(28,213)(288)2,032
Income tax expense15,2168,50612,532
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, basic79,47276,17973,241
Weighted average number of shares used in computing net loss per share, diluted79,47276,17973,241
Total Software and Related Services [Member]   
Total revenue$ 537,169$ 485,569$ 418,165
Total cost of revenue94,30190,99679,568
License [Member]   
Total revenue363,520324,808259,965
Total cost of revenue20,49719,92919,637
Maintenance and Other Services [Member]   
Total revenue142,988128,938131,746
Total cost of revenue51,94647,86238,688
Total Software [Member]   
Total revenue506,508453,746391,711
Total cost of revenue72,44367,79158,325
Software Related Services [Member]   
Total revenue30,66131,82326,454
Total cost of revenue21,85823,20521,243
Client Engineering Services [Member]   
Total revenue28,88339,28244,320
Total cost of revenue23,57731,71035,684
Other [Member]   
Total revenue6,1697,3287,436
Total cost of revenue$ 5,011$ 6,960$ 6,053

ALTR Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
CURRENT ASSETS  
Cash and cash equivalents$ 316,146$ 413,743
Accounts receivable, net170,279137,561
Income tax receivable11,2599,388
Prepaid expenses and other current assets29,14227,529
Total current assets526,826588,221
Property and equipment, net37,51740,478
Operating lease right of use assets33,60128,494
Goodwill449,048370,178
Other intangible assets, net107,60999,057
Deferred tax assets9,7278,495
Other long-term assets40,41028,352
TOTAL ASSETS1,204,7381,163,275
CURRENT LIABILITIES  
Accounts payable10,4346,647
Accrued compensation and benefits42,45642,307
Current portion of operating lease liabilities10,3969,933
Other accrued expenses and current liabilities56,371122,226
Deferred revenue113,08193,160
Convertible senior notes, net0199,705
Total current liabilities232,738473,978
Convertible senior notes, net305,6040
Operating lease liabilities, net of current portion24,06519,550
Deferred revenue, non-current31,37912,872
Other long-term liabilities41,21642,894
TOTAL LIABILITIES635,002549,294
Commitments and contingencies
MEZZANINE EQUITY0784
STOCKHOLDERS’ EQUITY  
Preferred stock ($0.0001 par value), authorized 45,000 shares, none issued or outstanding00
Additional paid-in capital721,307724,226
Accumulated deficit(121,577)(102,087)
Accumulated other comprehensive loss(30,002)(8,950)
TOTAL STOCKHOLDERS’ EQUITY569,736613,197
TOTAL LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ EQUITY1,204,7381,163,275
Class A Common Stock [Member]  
STOCKHOLDERS’ EQUITY  
Common stock55
Class B Common Stock [Member]  
STOCKHOLDERS’ EQUITY  
Common stock$ 3$ 3