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ALTR

46.63USD-0.67(-1.42%)Market Closed

Altair Engineering Inc

Market Summary

USD46.63-0.67Market Closed
-1.42%

ALTR Alerts

ALTR Stock Price

RSI Chart

Valuation

Market Cap

3.9B

Price/Earnings

-121.78

Price/Sales

6.97

Price/Cashflow

155.03

MarketCap/EBT

-271.95

Price/Sales

Profitability

EBT Margin

-2.56%

Return on Equity

-5.69%

Return on Assets

-2.81%

Fundamentals

Revenue

Revenue (TTM)

552.6M

Revenue Y/Y

-1.61%

Revenue Q/Q

-10.03%

Earnings

Earnings (TTM)

-56.9M

Earnings Y/Y

-310.01%

Earnings Q/Q

1.56%

Price Action

52 Week Range

43.1778.38
(Low)(High)

Last 7 days

0.5%

Last 30 days

0.4%

Last 90 days

-12.0%

Trailing 12 Months

-37.6%

Financial Health

Current Ratio

2.96

Investor Care

Shares Dilution (1Y)

4.90%

Diluted EPS (TTM)

-0.74

Peers (Alternatives to Altair Engineering)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
1.8T
203.1B
7.29% -26.07%
25.2
8.66
15.22% 2.81%
208.6B
44.2B
10.56% -10.07%
35.9
4.72
8.12% -58.36%
163.0B
29.3B
-4.10% -46.97%
304.14
5.56
24.56% -77.21%
151.4B
17.2B
4.31% -49.98%
31.46
8.81
13.86% -17.57%
25.1B
4.3B
-9.56% -63.80%
25.38
5.85
11.14% -39.03%
12.1B
693.1M
-3.12% 59.08%
44.35
17.39
-2.84% -14.76%
MID-CAP
9.6B
631.5M
-1.97% 16.85%
-45.68
15.19
33.30% -26.60%
7.5B
740.5M
4.59% -23.12%
67.22
10.14
15.84% 1.13%
5.0B
812.6M
0.57% -50.14%
-33.17
6.14
9.33% -463.42%
3.6B
421.7M
-18.92% -50.56%
-29.08
8.53
27.49% -161.02%
2.6B
506.4M
0.39% 55.58%
-71.14
5.11
10.10% -203.10%
2.4B
308.3M
1.17% 7.67%
-23.19
7.94
13.75% -232.84%
SMALL-CAP
991.7M
371.9M
1.61% -62.36%
-8.92
2.67
15.01% -44.50%
653.0M
400.1M
5.05% -46.44%
-6.96
1.63
7.74% -9.69%
246.7M
310.7M
3.09% -63.21%
-4.28
0.79
2.66% -1.77%

Financials for Altair Engineering

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue-0.4%553555542532525
Gross Profit0.4%431429414403395
Operating Expenses6.0%438413399390380
  S&GA Expenses6.0%152144136133125
  R&D Expenses7.9%177164156151148
Earnings Before Taxes-165.8%-37.80-14.223-0.291
Net Income-79.2%-56.89-31.75-11.63-8.79-5.20
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets-0.3%1,1251,1291,1341,1631,014
  Current Assets-16.0%466554556588580
    Cash Equivalents-25.1%312416406414456
  Net PPE-1.1%3939404039
  Goodwill17.9%455386379370269
Liabilities3.3%589570514549411
  Current Liabilities6.1%198187431474348
Shareholder's Equity-4.1%536558618613602
  Retained Earnings-33.1%-133.64-100.39-66.62-102.09-100.69
  Additional Paid-In Capital4.1%716687698724711
Accumulated Depreciation-0.2%5858585857
Shares Outstanding-0.6%79797676-
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations30.6%3325316261
  Share Based Compensation18.4%7664544539
Cashflow From Investing-104.5%-200.74-98.14-74.53-62.48-25.44
Cashflow From Financing-84.2%37237208176174
  Buy Backs0%990
* denotes actual numbers (not divided by Millions)

Risks

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.

43.1%


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.

Returns

Cumulative Returns on ALTR

13.7%


5-Year Cumulative Returns

12.6%


3-Year Cumulative Returns

What are the long-term rolling returns for ALTR?

FIve years rolling returns for Altair Engineering.

Which funds bought or sold ALTR recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-22
Capital Impact Advisors, LLC
-
-
-53,000
807,000
0.80%
2022-11-21
FourThought Financial, LLC
-
-
4,000
7,000
-%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
-
-
-597,000
2,887,000
-%
2022-11-16
CAPTRUST FINANCIAL ADVISORS
SOLD OFF
-100
-74,000
-
-%
2022-11-16
GLENMEDE TRUST CO NA
REDUCED
-5.95
-112,000
427,000
-%
2022-11-15
FRED ALGER MANAGEMENT, LLC
REDUCED
-8.64
-47,000
158,000
-%
2022-11-15
JANE STREET GROUP, LLC
NEW
-
289,000
289,000
-%
2022-11-15
STATE STREET CORP
ADDED
4.82
-6,220,000
46,894,000
-%
2022-11-15
Neuberger Berman Group LLC
REDUCED
-5.77
-16,825,000
66,300,000
0.07%
2022-11-15
CONCOURSE FINANCIAL GROUP SECURITIES, INC.
SOLD OFF
-
-
-
-%

1–10 of 45

Latest Funds Activity

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

Altair Engineering News

Nasdaq

Dycom (DY) Sinks Despite Solid Q3 Performance: Here's Why.3 hours ago

ALTR Fair Value

Recent SEC filings of Altair Engineering

View All Filings
Date Filed Form Type Document
Nov 17, 2022
4
Insider Trading
Nov 16, 2022
4
Insider Trading
Nov 10, 2022
4
Insider Trading
Nov 10, 2022
4
Insider Trading
Nov 10, 2022
8-K
Current Report
Nov 04, 2022
10-Q
Quarterly Report
Nov 03, 2022
8-K
Current Report
Oct 18, 2022
3
Insider Trading
Oct 03, 2022
8-K
Current Report
Sep 20, 2022
4
Insider Trading

Latest Insider Trading transactions for ALTR

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-16
Scapa James Ralph
SOLD
-953,893
49.522
-19,262
Chief Executive Officer
2022-11-15
Srikanth Mahalingam
ACQUIRED
4,960
2.48
2,000
Chief Technical Officer
2022-11-15
Scapa James Ralph
SOLD
-2,894,130
49.972
-57,915
Chief Executive Officer
2022-11-09
Kunju Ravi
ACQUIRED
-
-
5,000
Chief Product Strategy Officer
2022-11-09
Messano Amy
SOLD
-16,666.8
45.914
-363
Chief Marketing Officer
2022-09-19
Maitra Raoul
ACQUIRED
15,360
3.84
4,000
Chief Legal Officer
2022-08-16
Earhart Stephen P
ACQUIRED
20,720
5.18
4,000
-
2022-07-14
Marraccini Jeffrey
ACQUIRED
6,043.6
41.68
145
See Remarks
2022-07-14
Buckner Stephanie
ACQUIRED
5,960.24
41.68
143
Chief Operating Officer
2022-07-14
Maitra Raoul
ACQUIRED
6,043.6
41.68
145
Chief Legal 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

2022-09-30
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Total revenue$ 119,351$ 121,307$ 411,788$ 391,382
Total cost of revenue27,90931,50189,03596,869
Gross profit91,44289,806322,753294,513
Operating expenses:    
Research and development48,78135,839138,352112,872
Sales and marketing39,24430,589114,04294,568
General and administrative24,67722,19672,61367,983
Amortization of intangible assets6,5714,43218,68213,924
Other operating income, net(2,835)(1,324)(9,383)(2,526)
Total operating expenses116,43891,732334,306286,821
Operating (loss) income(24,996)(1,926)(11,553)7,692
Interest expense1,5663,0372,8518,998
Other expense, net2,10712426,0821,667
Loss before income taxes(28,669)(5,087)(40,486)(2,973)
Income tax expense4,5793,02215,0084,424
Net loss$ (33,248)$ (8,109)$ (55,494)$ (7,397)
Loss per share:    
Net loss per share attributable to common stockholders, basic$ (0.42)$ (0.11)$ (0.70)$ (0.10)
Net loss per share attributable to common stockholders, diluted$ (0.42)$ (0.11)$ (0.70)$ (0.10)
Weighted average shares outstanding:    
Weighted average number of shares used in computing net loss per share, basic79,20775,75079,20575,226
Weighted average number of shares used in computing net loss per share, diluted79,20775,75079,20575,226
Total Software and Related Services [Member]    
Total revenue$ 110,471$ 109,939$ 384,698$ 354,617
Total cost of revenue20,84422,17166,75366,634
License [Member]    
Total revenue67,24567,603256,102230,630
Total cost of revenue2,5794,69411,38613,706
Maintenance and Other Services [Member]    
Total revenue36,52034,686105,453100,758
Total cost of revenue13,02511,77038,62835,368
Total Software [Member]    
Total revenue103,765102,289361,555331,388
Total cost of revenue15,60416,46450,01449,074
Software Related Services [Member]    
Total revenue6,7067,65023,14323,229
Total cost of revenue5,2405,70716,73917,560
Client Engineering Services [Member]    
Total revenue7,35510,06022,41431,005
Total cost of revenue5,8357,98218,39025,163
Other [Member]    
Total revenue1,5251,3084,6765,760
Total cost of revenue$ 1,230$ 1,348$ 3,892$ 5,072

ALTR Balance Sheet

2022-09-30
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
CURRENT ASSETS:  
Cash and cash equivalents$ 311,853$ 413,743
Accounts receivable, net119,921137,561
Income tax receivable10,4659,388
Prepaid expenses and other current assets23,49227,529
Total current assets465,731588,221
Property and equipment, net38,93840,478
Operating lease right of use assets32,62728,494
Goodwill455,211370,178
Other intangible assets, net86,08099,057
Deferred tax assets7,6058,495
Other long-term assets38,73628,352
TOTAL ASSETS1,124,9281,163,275
CURRENT LIABILITIES:  
Accounts payable6,2356,647
Accrued compensation and benefits37,03642,307
Current portion of operating lease liabilities9,9969,933
Other accrued expenses and current liabilities50,686122,226
Deferred revenue94,52393,160
Convertible senior notes, net0199,705
Total current liabilities198,476473,978
Operating lease liabilities, net of current portion23,46619,550
Deferred revenue, non-current22,01712,872
Convertible senior notes, net305,1580
Other long-term liabilities40,28242,894
TOTAL LIABILITIES589,399549,294
Commitments and contingencies
MEZZANINE EQUITY0784
STOCKHOLDERS’ EQUITY:  
Preferred stock ($0.0001 par value), authorized 45,000 shares, none issued and outstanding00
Additional paid-in capital715,736724,226
Accumulated deficit(133,642)(102,087)
Accumulated other comprehensive loss(46,573)(8,950)
TOTAL STOCKHOLDERS’ EQUITY535,529613,197
TOTAL LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ EQUITY1,124,9281,163,275
Class A Common Stock [Member]  
STOCKHOLDERS’ EQUITY:  
Common stock55
Class B Common Stock [Member]  
STOCKHOLDERS’ EQUITY:  
Common stock$ 3$ 3