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ALTR

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

82.35USD+1.58 (+1.96%)Market Closed

Market Summary

ALTR
USD82.35+1.58
Market Closed
1.96%

ALTR Alerts

  • 5 major insider sales recently.

ALTR Stock Price

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ALTR RSI Chart

ALTR Valuation

Market Cap

6.6B

Price/Earnings (Trailing)

-743.57

Price/Sales (Trailing)

10.83

EV/EBITDA

106.63

Price/Free Cashflow

56.67

ALTR Price/Sales (Trailing)

ALTR Profitability

Operating Margin

81.67%

EBT Margin

2.06%

Return on Equity

-1.25%

Return on Assets

-0.65%

Free Cashflow Yield

1.76%

ALTR Fundamentals

ALTR Revenue

Revenue (TTM)

612.7M

Rev. Growth (Yr)

6.9%

Rev. Growth (Qtr)

27.98%

ALTR Earnings

Earnings (TTM)

-8.9M

Earnings Growth (Yr)

63.08%

Earnings Growth (Qtr)

551.05%

Breaking Down ALTR Revenue

Last 7 days

-3.5%

Last 30 days

0.2%

Last 90 days

-5.8%

Trailing 12 Months

15.4%

How does ALTR drawdown profile look like?

ALTR Financial Health

Current Ratio

2.16

Debt/Equity

0.27

Debt/Cashflow

0.67

ALTR Investor Care

Shares Dilution (1Y)

1.41%

Diluted EPS (TTM)

-0.11

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
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
Apr 09, 2024
christ george j
sold
-1,097,380
85.8467
-12,783
-
Apr 09, 2024
christ revocable trust
sold
-1,097,380
85.8467
-12,783
-
Apr 02, 2024
harris teresa a
acquired
-
-
620
-
Apr 02, 2024
harris teresa a
sold
-52,080
84.00
-620
-
Mar 28, 2024
christ george j
sold
-7,165,780
85.9866
-83,336
-
Mar 28, 2024
christ revocable trust
sold
-7,165,780
85.9866
-83,336
-
Mar 26, 2024
christ revocable trust
sold
-333,490
85.4226
-3,904
-
Mar 26, 2024
christ george j
sold
-333,490
85.4226
-3,904
-
Mar 22, 2024
christ revocable trust
sold
-1,106,380
86.7067
-12,760
-
Mar 22, 2024
christ george j
sold
-1,106,380
86.7067
-12,760
-

1–10 of 50

Which funds bought or sold ALTR recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Apr 18, 2024
ARK Investment Management LLC
reduced
-7.5
-269,130
4,809,240
0.03%
Apr 18, 2024
McGlone Suttner Wealth Management, Inc.
sold off
-100
-30,799
-
-%
Apr 16, 2024
FSC Wealth Advisors, LLC
new
-
50,743
50,743
0.04%
Apr 16, 2024
JACKSON SQUARE CAPITAL, LLC
new
-
531,459
531,459
0.14%
Apr 15, 2024
Legato Capital Management LLC
sold off
-100
-216,686
-
-%
Apr 12, 2024
HARBOR INVESTMENT ADVISORY, LLC
new
-
1,981
1,981
-%
Apr 05, 2024
LOS ANGELES CAPITAL MANAGEMENT LLC
sold off
-100
-342,238
-
-%
Apr 05, 2024
CWM, LLC
added
2,627
356,000
369,000
-%
Apr 05, 2024
GAMMA Investing LLC
added
6.98
1,536
19,815
-%
Mar 29, 2024
Kapitalo Investimentos Ltda
new
-
220,305
220,305
0.04%

1–10 of 45

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
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
Feb 06, 2023
christ george j
17.2%
10,900,732
SC 13G/A

Recent SEC filings of Altair Engineering Inc

View All Filings
Date Filed Form Type Document
Apr 11, 2024
4
Insider Trading
Apr 11, 2024
4
Insider Trading
Apr 05, 2024
ARS
ARS
Apr 05, 2024
DEF 14A
DEF 14A
Apr 05, 2024
DEFA14A
DEFA14A
Apr 03, 2024
4
Insider Trading
Apr 02, 2024
144
Notice of Insider Sale Intent
Apr 01, 2024
4
Insider Trading
Apr 01, 2024
4
Insider Trading
Mar 28, 2024
4
Insider Trading

Peers (Alternatives to Altair Engineering Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
3.0T
227.6B
-4.10% 40.11%
35.93
13.03
11.51% 22.38%
208.3B
19.9B
-9.26% 24.41%
43.39
10.45
10.76% 1.35%
67.4B
3.1B
-8.38% 121.31%
754.78
22.07
36.33% 148.75%
42.9B
21.9B
-9.15% 14.62%
6.3K
1.96
25.01% 101.26%
15.4B
3.8B
-6.58% 22.51%
28.07
4.03
5.40% 4.57%
10.4B
2.8B
-5.04% 30.96%
22.62
3.72
3.55% 53.13%
MID-CAP
6.6B
612.7M
0.17% 15.37%
-743.57
10.83
7.07% 79.45%
4.6B
583.1M
-15.85% -18.07%
-24.39
7.97
22.54% 30.49%
3.4B
1.5B
-1.28% 21.93%
28.01
2.34
2.16% -14.54%
2.5B
545.4M
-4.57% -13.82%
-22.69
4.64
16.53% 26.16%
SMALL-CAP
1.4B
1.2B
-5.17% -8.38%
21.01
1.23
7.30% 93.18%
964.0M
251.7M
-3.09% -10.01%
24.12
3.83
-10.22% -14.79%
444.9M
601.1M
-6.64% 27.67%
-27.22
0.74
4.88% -183.51%
19.1M
7.0M
-8.53% -58.10%
-2.22
2.91
-55.73% -45.27%
12.8M
15.6M
24.24% 33.70%
-1.28
0.82
-6.37% -5256.07%

Altair Engineering Inc News

Latest updates
Yahoo Finance12 hours ago
Seeking Alpha37 hours ago
Investing.com19 Mar 202407:00 am
Investor's Business Daily22 Feb 202408:00 am

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/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue28.0%17213414116616011913316014112112015013310699.00131124100107128103
Gross Profit35.7%14210511013312791.0010312810890.0088.0011710177.0073.0097.0087.0069.0076.0095.0073.00
Operating Expenses3.1%12011612712812211611010710392.0097.0099.0093.0081.0078.0085.0083.0079.0079.0077.0076.00
  S&GA Expenses-1.1%44.0044.0045.0043.0044.0041.0041.0038.0047.0031.0032.0032.0031.0027.0026.0028.0028.0026.0026.0026.0022.00
  R&D Expenses1.8%53.0052.0055.0053.0052.0053.0050.0047.0054.0036.0039.0038.0035.0031.0029.0031.0030.0030.0030.0028.0026.00
EBITDA Margin35.8%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*0.11*
Interest Expenses0.3%2.002.002.002.002.002.001.001.003.003.003.003.003.003.003.003.003.003.001.000.000.00
Income Taxes255.6%10.00-6.549.009.000.005.004.007.004.003.001.000.002.003.003.005.004.003.00-0.174.006.00
Earnings Before Taxes373.8%30.00-10.90-13.607.0012.00-28.67-29.8718.003.00-5.09-12.2914.004.00-5.57-7.4511.002.00-12.64-3.2917.00-3.13
EBT Margin349.9%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*0.07*
Net Income551.1%20.00-4.36-22.28-1.9612.00-33.25-33.7712.00-1.40-8.11-13.6514.002.00-8.51-10.226.00-1.50-15.94-3.1213.00-9.00
Net Income Margin47.0%-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*0.04*
Free Cashflow31.3%19.0015.0026.0057.0010.005.0011.004.005.00-0.5516.0034.003.00-7.504.0026.00-0.15-3.324.0021.00-5.52
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets8.9%1,3631,2521,2561,2261,2051,1251,1291,1341,1631,014820818830780737735743717730519487
  Current Assets18.3%701592587549527466554556588580383379387360352357352361364156154
    Cash Equivalents8.4%46743141837831631241640641445626024424224625124722324725240.0036.00
  Inventory--------------------3.002.00
  Net PPE4.3%40.0038.0039.0038.0038.0039.0039.0040.0040.0039.0040.0039.0036.0034.0034.0035.0036.0034.0034.0034.0030.00
  Goodwill1.2%45845345345144977.0015.0037937026926326226418.00233230234211212211211
Liabilities5.5%652618636619635589570514549411420418451419381376386371368215191
  Current Liabilities9.2%324297319300233198187431474348356359201149146151153143141143127
  Long Term Debt-------------18921618318117817617316.0031.00
Shareholder's Equity12.2%711634620607570536558618613602399399379359355356355343360309294
  Retained Earnings13.1%-130-150-145-123-121-133-100-66.62-102-100-92.58-78.93-93.29-95.49-86.99-76.76-82.40-80.90-64.96-68.99-74.86
  Additional Paid-In Capital5.8%864817790753721716687698724711496485475465456450447436434381380
Shares Outstanding0.2%81.0080.0080.0080.0079.0079.0079.0079.0076.0075.0075.0075.0073.0073.0073.0073.0072.0071.0071.0071.0067.00
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/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations31.8%21,65116,42730,03059,19913,0368,49312,2555,7866,02987218,15136,5715,503-6,0225,36528,0361,388-1,8636,55325,315-4,192
  Share Based Compensation-6.7%19,15820,52623,73622,16122,26322,71021,20018,61413,32010,93310,6489,6487,4166,2344,5343,1712,9442,2922,0801,2122,126
Cashflow From Investing56.2%-2,283-5,212-5,225-3,132-3,338-109,734-25,935-15,504-49,571-7,131-2,329-3,451-12,526-31,475-3,076-2,015-26,553-1,582-2,779-4,925-188,802
Cashflow From Financing222.4%12,7963,96915,5455,456-12,1713,23429,4092,5092,212203,056515-29,83655730,42619176.00-44.00-184207,911-15,76731,016
  Buy Backs----4,25617,271-4,387--------------

ALTR Income Statement

2023-12-31
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Total revenue$ 612,701$ 572,221$ 532,179
Total cost of revenue121,791122,889129,666
Gross profit490,910449,332402,513
Operating expenses   
Research and development212,645202,542167,341
Sales and marketing176,138163,884141,484
General and administrative70,88772,28866,474
Amortization of intangible assets30,85127,51018,357
Other operating expense (income), net146(9,955)(3,482)
Total operating expenses490,667456,269390,174
Operating income (loss)243(6,937)12,339
Interest expense6,1164,37712,065
Other (income) expense, net(18,492)16,899562
Income (loss) before income taxes12,619(28,213)(288)
Income tax expense21,54515,2168,506
Net loss$ (8,926)$ (43,429)$ (8,794)
Loss per share:   
Net loss per share attributable to common stockholders, basic$ (0.11)$ (0.55)$ (0.12)
Net loss per share attributable to common stockholders, diluted$ (0.11)$ (0.55)$ (0.12)
Weighted average shares outstanding:   
Weighted average number of shares used in computing net loss per share, basic80,59679,47276,179
Weighted average number of shares used in computing net loss per share, diluted80,59679,47276,179
Total Software and Related Services [Member]   
Total revenue$ 578,006$ 537,169$ 485,569
Total cost of revenue93,01294,30190,996
License [Member]   
Total revenue393,144363,520324,808
Total cost of revenue15,08820,49719,929
Maintenance and Other Services [Member]   
Total revenue156,830142,988128,938
Total cost of revenue56,09451,94647,862
Total Software [Member]   
Total revenue549,974506,508453,746
Total cost of revenue71,18272,44367,791
Software Related Services [Member]   
Total revenue28,03230,66131,823
Total cost of revenue21,83021,85823,205
Client Engineering Services [Member]   
Total revenue29,49728,88339,282
Total cost of revenue24,45023,57731,710
Other [Member]   
Total revenue5,1986,1697,328
Total cost of revenue$ 4,329$ 5,011$ 6,960

ALTR Balance Sheet

2023-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS  
Cash and cash equivalents$ 467,459$ 316,146
Accounts receivable, net190,461170,279
Income tax receivable16,65011,259
Prepaid expenses and other current assets26,05329,142
Total current assets700,623526,826
Property and equipment, net39,80337,517
Operating lease right of use assets30,75933,601
Goodwill458,125449,048
Other intangible assets, net83,550107,609
Deferred tax assets9,9559,727
Other long-term assets40,67840,410
TOTAL ASSETS1,363,4931,204,738
CURRENT LIABILITIES  
Accounts payable8,99510,434
Accrued compensation and benefits45,08142,456
Current portion of operating lease liabilities8,82510,396
Other accrued expenses and current liabilities48,39856,371
Deferred revenue131,356113,081
Convertible senior notes, net81,4550
Total current liabilities324,110232,738
Convertible senior notes, net225,929305,604
Operating lease liabilities, net of current portion22,62524,065
Deferred revenue, non-current32,34731,379
Other long-term liabilities47,15141,216
TOTAL LIABILITIES652,162635,002
Commitments and contingencies
STOCKHOLDERS’ EQUITY  
Preferred stock ($0.0001 par value), authorized 45,000 shares, none issued or outstanding00
Additional paid-in capital864,135721,307
Accumulated deficit(130,503)(121,577)
Accumulated other comprehensive loss(22,309)(30,002)
TOTAL STOCKHOLDERS’ EQUITY711,331569,736
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY1,363,4931,204,738
Class A Common Stock [Member]  
STOCKHOLDERS’ EQUITY  
Common stock55
Class B Common Stock [Member]  
STOCKHOLDERS’ EQUITY  
Common stock$ 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 Thu Apr 18 2024, market cap of Altair Engineering Inc is 6.51 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 Thu Apr 18 2024, ALTR's PE ratio (Price to Earnings) is -729.3 and Price to Sales (PS) ratio is 10.62. 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.