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ALTR

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

89.76USD-0.82 (-0.91%)Market Closed

Market Summary

ALTR
USD89.76-0.82
Market Closed
-0.91%

ALTR Alerts

  • 7 major insider sales recently.

ALTR Stock Price

View Fullscreen

ALTR RSI Chart

ALTR Valuation

Market Cap

7.4B

Price/Earnings (Trailing)

773.8

Price/Sales (Trailing)

11.96

EV/EBITDA

92.87

Price/Free Cashflow

56.88

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

1.76%

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

Last 7 days

-10.5%

Last 30 days

-8.8%

Last 90 days

9.0%

Trailing 12 Months

24.1%

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
YearQ1Q2Q3Q4
2024619.6M000
2023578.5M587.0M601.6M612.7M
2022541.8M554.5M552.6M572.2M
2021488.6M510.0M524.8M532.2M
2020462.5M454.3M460.4M469.9M
2019411.0M424.4M438.0M458.9M
2018369.7M381.4M383.2M396.4M
2017315.3M319.4M326.3M333.3M
2016298.9M303.7M308.5M313.2M
2015000294.1M

Tracking the Latest Insider Buys and Sells of Altair Engineering Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Jul 12, 2024
maitra raoul
acquired
5,949
71.68
83.00
chief legal officer
Jul 12, 2024
buckner stephanie
acquired
5,949
71.68
83.00
chief operating officer
Jul 12, 2024
kunju ravi
acquired
5,949
71.68
83.00
chief product strategy officer
Jul 12, 2024
srikanth mahalingam
acquired
5,949
71.68
83.00
chief technology officer
Jul 12, 2024
brown matthew charles
acquired
5,949
71.68
83.00
chief financial officer
Jul 12, 2024
marraccini jeffrey
acquired
5,949
71.68
83.00
see remarks
Jul 12, 2024
gayle brian
acquired
5,949
71.68
83.00
chief accounting officer
Jul 12, 2024
saravia gilma
acquired
5,949
71.68
83.00
chief people officer
Jul 12, 2024
messano amy
acquired
5,949
71.68
83.00
chief marketing officer
Jul 09, 2024
harris teresa a
sold
-60,592
97.73
-620
-

1–10 of 50

Which funds bought or sold ALTR recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Jul 19, 2024
RAYMOND JAMES & ASSOCIATES
reduced
-11.25
120,664
11,770,400
0.01%
Jul 19, 2024
HARBOR INVESTMENT ADVISORY, LLC
sold off
-100
-1,981
-
-%
Jul 19, 2024
First Horizon Advisors, Inc.
reduced
-11.72
63.00
12,554
-%
Jul 19, 2024
Continuum Advisory, LLC
added
42.86
1,524
3,923
-%
Jul 19, 2024
NISA INVESTMENT ADVISORS, LLC
added
2.36
27,799
195,964
-%
Jul 18, 2024
Blue Trust, Inc.
added
1,333
3,446
3,704
-%
Jul 17, 2024
KBC Group NV
added
0.87
17,000
136,000
-%
Jul 17, 2024
FSC Wealth Advisors, LLC
added
41.26
30,860
81,603
0.06%
Jul 16, 2024
AdvisorNet Financial, Inc
new
-
981
981
-%
Jul 16, 2024
Envestnet Portfolio Solutions, Inc.
new
-
206,262
206,262
-%

1–10 of 42

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 FiledName of FilerPercent of ClassNo. of SharesForm Type
Jul 08, 2024
blackrock inc.
13.8%
7,877,110
SC 13G/A
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

Recent SEC filings of Altair Engineering Inc

View All Filings
Date Filed Form Type Document
Jul 16, 2024
4
Insider Trading
Jul 16, 2024
4
Insider Trading
Jul 16, 2024
4
Insider Trading
Jul 16, 2024
4
Insider Trading
Jul 16, 2024
4
Insider Trading
Jul 16, 2024
4
Insider Trading
Jul 16, 2024
4
Insider Trading
Jul 16, 2024
4
Insider Trading
Jul 16, 2024
4
Insider Trading
Jul 16, 2024
D
D

Peers (Alternatives to Altair Engineering Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
3.2T
236.6B
-2.07% 26.01%
37.69
13.73
13.97% 24.86%
244.3B
20.4B
5.51% 6.60%
48.1
11.96
10.85% 4.64%
73.9B
3.3B
-21.70% 105.98%
561.53
22.51
34.26% 187.06%
42.0B
22.9B
10.03% -10.58%
95.55
1.83
23.28% 285.17%
14.5B
3.9B
7.47% 3.16%
23.14
3.73
7.01% 28.42%
MID-CAP
10.3B
2.8B
3.23% 17.38%
20.58
3.68
0.20% 52.82%
7.4B
619.6M
-8.78% 24.12%
773.8
11.96
7.11% 116.83%
6.7B
605.7M
-0.27% 20.48%
-35.52
11.06
18.08% 24.38%
4.4B
1.5B
15.05% 72.81%
29.91
2.95
6.51% 54.77%
2.5B
560.0M
31.67% -26.99%
-23.7
4.55
14.52% 34.67%
SMALL-CAP
1.3B
1.2B
9.98% -16.41%
19.84
1.12
3.70% 27.53%
1.0B
254.7M
1.27% -3.56%
22.07
3.96
-7.51% 2.74%
550.5M
634.3M
36.71% 46.86%
-18.86
0.87
9.43% -197.31%
10.4M
15.3M
- -20.63%
-1.03
0.68
-7.99% -1417.41%
8.3M
26.4M
-37.76% -80.50%
-0.72
0.31
212.19% -94.63%

Altair Engineering Inc News

Latest updates
Simply Wall St19 Jul 202404:07 pm

Altair Engineering Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Thousands)
Income Statement (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue0.8%17317213414116616011913316014112112015013310699.00131124100107128
Gross Profit-0.2%14214210511013312791.0010312810890.0088.0011710177.0073.0097.0087.0069.0076.0095.00
Operating Expenses1.1%12112011612712812211611010710392.0097.0099.0093.0081.0078.0085.0083.0079.0079.0077.00
  S&GA Expenses1.9%44.0044.0044.0045.0043.0044.0041.0041.0038.0047.0031.0032.0032.0031.0027.0026.0028.0028.0026.0026.0026.00
  R&D Expenses-0.4%52.0053.0052.0055.0053.0052.0053.0050.0047.0054.0036.0039.0038.0035.0031.0029.0031.0030.0030.0030.0028.00
EBITDA Margin26.2%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 Expenses2.8%2.002.002.002.002.002.002.001.001.003.003.003.003.003.003.003.003.003.003.001.000.00
Income Taxes-33.5%7.0010.00-6.549.009.000.005.004.007.004.003.001.000.002.003.003.005.004.003.00-0.174.00
Earnings Before Taxes-21.9%23.0030.00-10.90-13.607.0012.00-28.67-29.8718.003.00-5.09-12.2914.004.00-5.57-7.4511.002.00-12.64-3.2917.00
EBT Margin124.6%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%17.0020.00-4.36-22.28-1.9612.00-33.25-33.7712.00-1.40-8.11-13.6514.002.00-8.51-10.226.00-1.50-15.94-3.1213.00
Net Income Margin206.1%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 Cashflow265.5%71.0019.0015.0026.0057.0010.005.0011.004.005.00-0.5516.0034.003.00-7.504.0026.00-0.15-3.324.0021.00
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets1.2%1,3801,3631,2521,2561,2261,2051,1251,1291,1341,1631,014820818830780737735743717730519
  Current Assets4.2%730701592587549527466554556588580383379387360352357352361364156
    Cash Equivalents19.3%55846743141837931731241640641445626024424224625124722324725240.00
  Inventory---------------------3.00
  Net PPE-2.4%39.0040.0038.0039.0038.0038.0039.0039.0040.0040.0039.0040.0039.0036.0034.0034.0035.0036.0034.0034.0034.00
  Goodwill-0.7%45545845345345144977.0015.0037937026926326226418.00233230234211212211
Liabilities-5.4%617652618636619635589570514549411420418451419381376386371368215
  Current Liabilities-8.4%297324297319300233198187431474348356359201149146151153143141143
  Long Term Debt--------------18921618318117817617316.00
Shareholder's Equity7.3%763711634620607570536558618613602399399379359355356355343360309
  Retained Earnings12.7%-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 Capital4.6%904864817790753721716687698724711496485475465456450447436434381
Shares Outstanding2.5%83.0081.0080.0080.0080.0079.0079.0079.0079.0076.0075.0075.0075.0073.0073.0073.0073.0072.0071.0071.0071.00
Float----4,100---2,700---3,200---1,600---1,600-
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations239.2%73,45021,65116,42730,03059,19913,0368,49312,2555,7866,02987218,15136,5715,503-6,0225,36528,0361,388-1,8636,55325,315
  Share Based Compensation-16.5%15,99919,15820,52623,73622,16122,26322,71021,20018,61413,32010,93310,6489,6487,4166,2344,5343,1712,9442,2922,0801,212
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 Financing72.1%22,02612,7963,96915,5455,456-12,1713,23429,4092,5092,212203,056515-29,83655730,42619176.00-44.00-184207,911-15,767
  Buy Backs-----4,25617,271-4,387-------------
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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 revenue30,89332,735
Gross profit142,019133,299
Operating expenses:  
Research and development52,33353,251
Sales and marketing44,43443,492
General and administrative17,76117,951
Amortization of intangible assets7,4387,814
Other operating (income) expense, net(882)5,605
Total operating expenses121,084128,113
Operating income20,9355,186
Interest expense1,5761,526
Other income, net(3,957)(3,613)
Income before income taxes23,3167,273
Income tax expense6,7699,232
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, basic82,58780,191
Weighted average number of shares used in computing net income (loss) per share, diluted89,80680,191
Total Software [Member]  
Total revenue$ 158,429$ 149,643
Total cost of revenue18,65619,250
License [Member]  
Total revenue117,707112,409
Total cost of revenue4,4904,824
Maintenance and Other Services [Member]  
Total revenue40,72237,234
Total cost of revenue14,16614,426
Engineering Services and Other [Member]  
Total revenue6,4577,776
Engineering Services and Other [Member]  
Total revenue14,48316,391
Total cost of revenue12,23713,485
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, net127,870190,461
Income tax receivable18,89816,650
Prepaid expenses and other current assets26,02626,053
Total current assets730,399700,623
Property and equipment, net38,83739,803
Operating lease right of use assets30,17530,759
Goodwill454,953458,125
Other intangible assets, net75,35783,550
Deferred tax assets9,6999,955
Other long-term assets40,49140,678
TOTAL ASSETS1,379,9111,363,493
CURRENT LIABILITIES:  
Accounts payable6,5228,995
Accrued compensation and benefits35,91145,081
Current portion of operating lease liabilities8,3308,825
Other accrued expenses and current liabilities43,82048,398
Deferred revenue120,554131,356
Current portion of convertible senior notes, net81,61781,455
Total current liabilities296,754324,110
Convertible senior notes, net226,223225,929
Operating lease liabilities, net of current portion22,50822,625
Deferred revenue, non-current24,38532,347
Other long-term liabilities47,11347,151
TOTAL LIABILITIES616,983652,162
Commitments and contingencies
STOCKHOLDERS’ EQUITY:  
Preferred stock ($0.0001 par value), authorized 45,000 shares, none issued and outstanding00
Additional paid-in capital904,180864,135
Accumulated deficit(113,956)(130,503)
Accumulated other comprehensive loss(27,304)(22,309)
TOTAL STOCKHOLDERS’ EQUITY762,928711,331
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY1,379,9111,363,493
Class A Common Stock [Member]  
STOCKHOLDERS’ EQUITY:  
Common stock55
Class B Common Stock [Member]  
STOCKHOLDERS’ EQUITY:  
Common stock$ 3$ 3
ALTR
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
 WEBSITEaltair.com
 INDUSTRYSoftware - Infra
 EMPLOYEES3200

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 Fri Jul 19 2024, market cap of Altair Engineering Inc is 7.41 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 Fri Jul 19 2024, ALTR's PE ratio (Price to Earnings) is 773.8 and Price to Sales (PS) ratio is 11.96. 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.