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Altair Engineering Inc Stock Research

ALTR

61.64USD-1.77(-2.79%)Market Closed
Watchlist

Market Summary

USD61.64-1.77
Market Closed
-2.79%

ALTR Alerts

  • 3 major insider sales recently.
  • Big jump in Earnings (Y/Y)
  • Losses in recent quarter

ALTR Stock Price

ALTR RSI Chart

ALTR Valuation

Market Cap

5.1B

Price/Earnings (Trailing)

-111.65

Price/Sales (Trailing)

8.64

EV/EBITDA

205.95

Price/Free Cashflow

51.55

ALTR Price/Sales (Trailing)

ALTR Profitability

EBT Margin

-6.74%

Return on Equity

-9.38%

Return on Assets

-4.64%

Free Cashflow Yield

1.94%

ALTR Fundamentals

ALTR Revenue

Revenue (TTM)

587.0M

Revenue Y/Y

6.41%

Revenue Q/Q

-14.98%

ALTR Earnings

Earnings (TTM)

-45.4M

Earnings Y/Y

34.03%

Earnings Q/Q

-1.0K%

Price Action

52 Week Range

78.49
(Low)(High)

Last 7 days

-1.5%

Last 30 days

3.4%

Last 90 days

-12.6%

Trailing 12 Months

37.1%

ALTR Financial Health

Current Ratio

1.83

ALTR Investor Care

Shares Dilution (1Y)

1.31%

Diluted EPS (TTM)

-0.57

Historical Charts for Stock Metrics

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

Latest Insider Trading transactions for ALTR

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-09-18
JRS Investments LLC
sold
-326,450
65.29
-5,000
-
2023-09-18
James R. Scapa Declaration of Trust
sold
-326,450
65.29
-5,000
-
2023-09-18
JRS Investments LLC
acquired
-
-
5,000
-
2023-09-18
Scapa James Ralph
sold
-326,450
65.29
-5,000
chief executive officer
2023-09-18
James R. Scapa Declaration of Trust
acquired
-
-
5,000
-
2023-09-18
Scapa James Ralph
acquired
-
-
5,000
chief executive officer
2023-08-16
Scapa James Ralph
acquired
-
-
5,000
chief executive officer
2023-08-16
James R. Scapa Declaration of Trust
sold
-312,325
62.465
-5,000
-

1–10 of 50

Which funds bought or sold ALTR recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-12
Farther Finance Advisors, LLC
unchanged
-
15.00
303
-%
2023-08-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-2.12
138,867
4,852,700
0.01%
2023-08-21
OSAIC HOLDINGS, INC.
added
201
938,128
1,371,060
-%
2023-08-16
CASTLEARK MANAGEMENT LLC
reduced
-0.89
167,503
4,124,180
0.19%
2023-08-16
Nuveen Asset Management, LLC
added
7.08
1,836,730
16,387,700
0.01%
2023-08-15
WELLS FARGO & COMPANY/MN
added
23.11
1,507,830
6,622,880
-%
2023-08-15
GOLDMAN SACHS GROUP INC
added
0.53
354,883
6,545,600
-%
2023-08-15
CAPTRUST FINANCIAL ADVISORS
reduced
-9.4
-14,970
302,602
-%
2023-08-15
HARBOUR INVESTMENTS, INC.
unchanged
-
79.00
1,593
-%
2023-08-15
ALLIANCEBERNSTEIN L.P.
added
8.58
14,363,400
115,513,000
0.05%

1–10 of 43

Latest Funds Activity

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

Schedule 13G FIlings of Altair Engineering

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
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

Recent SEC filings of Altair Engineering

View All Filings
Date Filed Form Type Document
Sep 19, 2023
4
Insider Trading
Sep 19, 2023
4
Insider Trading
Sep 19, 2023
4
Insider Trading
Aug 17, 2023
4
Insider Trading
Aug 17, 2023
4
Insider Trading
Aug 17, 2023
4
Insider Trading
Aug 15, 2023
UPLOAD
UPLOAD
Aug 10, 2023
4
Insider Trading
Aug 10, 2023
4
Insider Trading
Aug 03, 2023
10-Q
Quarterly Report

Peers (Alternatives to Altair Engineering)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
2.4T
211.9B
-0.34% 32.68%
32.82
11.21
6.88% -0.52%
309.2B
51.0B
-3.19% 66.57%
32.97
6.07
15.41% 61.40%
244.3B
18.4B
2.94% 84.08%
50.33
13.26
10.40% -0.72%
203.4B
33.1B
1.91% 42.21%
128.89
6.15
14.81% 194.40%
20.6B
4.5B
2.27% -10.75%
145.2
4.61
3.92% -85.69%
-
-
6.28% -9.18%
-
-
- -
MID-CAP
12.5B
848.2M
8.36% 49.82%
85.66
14.74
19.21% 23.01%
3.2B
506.6M
-3.17% -3.38%
-20.53
6.39
20.13% -27.36%
7.5B
905.3M
14.53% 50.63%
-48.14
8.25
11.41% -3.11%
SMALL-CAP
1.2B
415.3M
-14.61% 14.34%
-6.22
2.8
11.66% -68.02%
775.3M
403.2M
-26.56% 32.06%
-32.36
1.92
0.77% 74.48%
130.6M
309.9M
60.32% -54.23%
-0.71
0.42
-0.26% -219.50%

Altair Engineering News

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Altair Engineering Inc. Rated Moderate Buy with Target Price of $73.00.
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Investor's Business Daily

Returns for ALTR

Cumulative Returns on ALTR

9.2%


5-Year Cumulative Returns

14.8%


3-Year Cumulative Returns

Risks for ALTR

What is the probability of a big loss on ALTR?

78.8%


Probability that Altair Engineering stock will be more than 20% underwater in next one year

64.6%


Probability that Altair Engineering stock will be more than 30% underwater in next one year.

28.1%


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

Financials for Altair Engineering

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue1.5%587578572553555542532525510489470460454463459438424411396383381
Gross Profit1.6%462454449431429414403395383368349335326328326312303291280271270
Operating Expenses3.4%493477456438413399390380369351337326325326318312290275256246268
  S&GA Expenses2.3%16916515515614813913312512211511110810710810610194.0088.0080.0079.0082.00
  R&D Expenses2.4%20520018618417216015114814313312612212112111811310710298.0096.0099.00
EBITDA-100.0%-4.0012.00-1.5021.0040.0037.0040.0039.0042.0037.0034.0026.0028.0031.0021.0032.0034.0042.0020.00-4.61
EBITDA Margin-100.0%-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*0.07*0.08*0.11*0.05*-0.01*
Interest Expenses15.6%6.005.004.006.007.0010.0012.0012.0012.0012.0012.0011.0011.009.006.004.001.000.000.000.001.00
Earnings Before Taxes41.7%-22.72-39.00-28.21-37.80-14.223.00-0.291.001.006.002.00-0.13-7.20-3.043.00-1.9614.0017.0027.0026.002.00
EBT Margin100.0%--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*0.07*0.01*-0.05*
Net Income20.2%-45.42-56.92-43.43-56.89-31.75-11.63-8.79-5.20-5.59-2.17-10.50-14.20-21.63-14.53-7.54-15.042.004.0016.00-35.81-66.37
Net Income Margin100.0%--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*-0.01*-0.15*-0.24*
Free Cashflow-100.0%-84.0030.0025.0019.0024.0054.0052.0045.0034.0027.0023.0027.0027.0022.0016.0021.0025.0030.0033.0019.00
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets2.4%1,2561,2261,2051,1251,1291,1341,1631,014820818830780737735743717730519487428438
  Current Assets7.0%587549527466554556588580383379387360352357352361364156154290295
    Cash Equivalents10.6%41837831631241640641445626024424224625124722324725240.0036.00198200
  Inventory------------------3.002.001.002.00
  Net PPE2.2%39.0038.0038.0039.0039.0040.0040.0039.0040.0039.0036.0034.0034.0035.0036.0034.0034.0034.0030.0030.0030.00
  Goodwill0.4%45345144977.0015.0037937026926326226418.0023323023421121221121163.0063.00
Liabilities2.6%636619635589570514549411420418451419381376386371368215191216234
  Current Liabilities6.3%319300233198187431474348356359201149146151153143141143127193210
  Long Term Debt-----------18921618318117817617316.0031.001.001.00
Shareholder's Equity2.2%620607570536558618613602399399379359355356355343360309294295295
  Retained Earnings-18.0%-145-123-121-133-100-66.62-102-100-92.58-78.93-93.29-95.49-86.99-76.76-82.40-80.90-64.96-68.99-74.86-153-161
  Additional Paid-In Capital4.9%790753721716687698724711496485475465456450447436434381380370370
Shares Outstanding-0.3%80.0080.00-79.0079.0079.0076.0076.0075.0075.0073.0073.0073.0073.0072.0071.0071.0071.00-70.0066.00
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations19.1%11193.0040.0033.0025.0031.0062.0061.0054.0041.0033.0029.0033.0034.0031.0026.0031.0035.0036.0039.0027.00
  Share Based Compensation2.9%91.0088.0085.0076.0064.0054.0045.0039.0034.0028.0021.0017.0013.0010.009.008.006.004.003.009.0034.00
Cashflow From Investing14.6%-121-142-154-200-98.14-74.53-62.48-25.44-49.78-50.53-49.09-63.12-33.23-32.93-35.84-198-201-207-206-20.18-26.79
Cashflow From Financing-53.5%12.0026.0023.0037.002372081761742.001.0031.0031.000.00208192223223152168163182
  Buy Backs-100.0%-24.0020.006.006.00-------------0.000.001.00

ALTR Income Statement

2023-06-30
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Total revenue$ 141,161$ 132,656$ 307,195$ 292,437
Total cost of revenue30,79729,52363,53261,126
Gross profit110,364103,133243,663231,311
Operating expenses:    
Research and development55,27750,437108,52897,516
Sales and marketing44,98241,15388,47478,993
General and administrative18,62218,37036,57335,796
Amortization of intangible assets7,6256,20815,43912,111
Other operating expense (income), net127(5,767)5,732(6,548)
Total operating expenses126,633110,401254,746217,868
Operating (loss) income(16,269)(7,268)(11,083)13,443
Interest expense1,5287003,0541,285
Other (income) expense, net(4,195)21,907(7,808)23,975
Loss before income taxes(13,602)(29,875)(6,329)(11,817)
Income tax expense8,6783,89917,91010,429
Net loss$ (22,280)$ (33,774)$ (24,239)$ (22,246)
(Loss) income per share:    
Net loss per share attributable to common stockholders, basic$ (0.28)$ (0.43)$ (0.3)$ (0.28)
Net loss per share attributable to common stockholders, diluted$ (0.28)$ (0.43)$ (0.3)$ (0.28)
Weighted average shares outstanding:    
Weighted average number of shares used in computing net loss per share, basic79,98678,94880,08879,204
Weighted average number of shares used in computing net loss per share, diluted79,98678,94880,08879,204
Total Software and Related Services [Member]    
Total revenue$ 131,985$ 124,269$ 288,728$ 274,227
Total cost of revenue22,92822,46847,79445,909
License [Member]    
Total revenue87,73882,688200,147188,857
Total cost of revenue3,9814,1208,8058,807
Maintenance and Other Services [Member]    
Total revenue37,58334,20574,81768,933
Total cost of revenue13,63912,88428,06525,603
Total Software [Member]    
Total revenue125,321116,893274,964257,790
Total cost of revenue17,62017,00436,87034,410
Software Related Services [Member]    
Total revenue6,6647,37613,76416,437
Total cost of revenue5,3085,46410,92411,499
Client Engineering Services [Member]    
Total revenue8,0347,04715,81015,059
Total cost of revenue6,7675,91413,39112,555
Other [Member]    
Total revenue1,1421,3402,6573,151
Total cost of revenue$ 1,102$ 1,141$ 2,347$ 2,662

ALTR Balance Sheet

2023-06-30
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
CURRENT ASSETS:  
Cash and cash equivalents$ 418,338$ 316,146
Accounts receivable, net124,260170,279
Income tax receivable14,50511,259
Prepaid expenses and other current assets29,67829,142
Total current assets586,781526,826
Property and equipment, net39,10737,517
Operating lease right of use assets30,28433,601
Goodwill453,093449,048
Other intangible assets, net94,642107,609
Deferred tax assets8,1839,727
Other long-term assets43,71740,410
TOTAL ASSETS1,255,8071,204,738
CURRENT LIABILITIES:  
Accounts payable4,68210,434
Accrued compensation and benefits35,95142,456
Current portion of operating lease liabilities9,55710,396
Other accrued expenses and current liabilities66,04456,371
Deferred revenue121,853113,081
Current portion of convertible senior notes, net81,1610
Total current liabilities319,248232,738
Convertible senior notes, net225,320305,604
Operating lease liabilities, net of current portion21,33724,065
Deferred revenue, non-current26,69431,379
Other long-term liabilities42,99341,216
TOTAL LIABILITIES635,592635,002
Commitments and contingencies
STOCKHOLDERS’ EQUITY:  
Preferred stock ($0.0001 par value), authorized 45,000 shares, none issued and outstanding00
Additional paid-in capital790,184721,307
Accumulated deficit(145,816)(121,577)
Accumulated other comprehensive loss(24,161)(30,002)
TOTAL STOCKHOLDERS’ EQUITY620,215569,736
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY1,255,8071,204,738
Class A Common Stock [Member]  
STOCKHOLDERS’ EQUITY:  
Common stock55
Class B Common Stock [Member]  
STOCKHOLDERS’ EQUITY:  
Common stock$ 3$ 3
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.