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Altair Engineering Inc (ALTR)
NASDAQ:ALTR
Altair Engineering (ALTR) Stock Price & Analysis
216 Followers
ALTR Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$57.59 - $92.92
Previous Close$90.5
Volume389.25K
Average Volume (3M)403.56K
Market Cap
$7.51B
Enterprise Value$7.39B
Total Cash (Recent Filing)$467.46M
Total Debt (Recent Filing)$338.83M
Price to Earnings (P/E)1072.3
Beta1.31
Next Earnings
Aug 01, 2024EPS Estimate
$0.16Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.08
Shares Outstanding83,032,860
10 Day Avg. Volume379,949
30 Day Avg. Volume403,556
Standard Deviation0.10
R-Squared0.55
Alpha0.00226
Financial Highlights & Ratios
Price to Book (P/B)44.29
Price to Sales (P/S)8.41
Price to Cash Flow (P/CF)86.80
P/FCF Ratio92.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue12.05
Enterprise Value/Gross Profit12.14
Enterprise Value/Ebitda123.66
Forecast
1Y Price Target
$94.13Price Target Upside4.01% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
Altair Engineering News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceAltair's strong performance is highlighted by beating consensus expectations in software, total revenue, and free cash flow, showcasing the company's successful execution and market demand.
Growth PotentialAltair's focus on expanding its indirect sales channels, as evidenced by the addition of new partners, positions the company to surpass its future revenue targets and leverage operational efficiencies.
Strategic InitiativesWith new vertical markets such as Energy, Healthcare, and Consumer Electronics gaining momentum, Altair's targeted go-to-market strategy is fostering robust pipeline growth and positioning the company for sustained success.
Bears Say
Earnings GuidanceGuided 2Q24 slightly below consensus estimates.
Financial OutlookThe company lowered its full-year outlook on the margin largely due to unfavorable foreign exchange rate fluctuations.
Valuation ConcernsThe stock trades at a 20% premium on EV/FCF relative to peers, which might make investors cautious.
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Ownership Overview
7.61% Insiders
30.13% Mutual Funds
58.59% Other Institutional Investors
3.67% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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ALTR FAQ
What was Altair Engineering Inc’s price range in the past 12 months?
Altair Engineering Inc lowest stock price was $57.59 and its highest was $92.92 in the past 12 months.
What is Altair Engineering Inc’s market cap?
Currently, no data Available
When is Altair Engineering Inc’s upcoming earnings report date?
Altair Engineering Inc’s upcoming earnings report date is Aug 01, 2024 which is in 74 days.
How were Altair Engineering Inc’s earnings last quarter?
Altair Engineering Inc released its earnings results on May 02, 2024. The company reported $0.4 earnings per share for the quarter, beating the consensus estimate of $0.343 by $0.057.
Is Altair Engineering Inc overvalued?
According to Wall Street analysts Altair Engineering Inc’s price is currently Undervalued.
Does Altair Engineering Inc pay dividends?
Altair Engineering Inc does not currently pay dividends.
What is Altair Engineering Inc’s EPS estimate?
Altair Engineering Inc’s EPS estimate is $0.16.
How many shares outstanding does Altair Engineering Inc have?
Altair Engineering Inc has 56,948,284 shares outstanding.
What happened to Altair Engineering Inc’s price movement after its last earnings report?
Altair Engineering Inc reported an EPS of $0.4 in its last earnings report, beating expectations of $0.343. Following the earnings report the stock price went down -0.343%.
Which hedge fund is a major shareholder of Altair Engineering Inc?
Among the largest hedge funds holding Altair Engineering Inc’s share is Matrix Capital Management Company, LP. It holds Altair Engineering Inc’s shares valued at 1B.
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Altair Engineering Stock Smart Score
Neutral
1
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9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$94.13 (4.01% Upside)
$94.13 (4.01% Upside)
Blogger Sentiment
Bullish
ALTR Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 346.7K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $37.8M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.6%
Last 30 Days ▼ 6.2%
Last 30 Days ▼ 6.2%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
32.15%
12-Months-Change
Fundamentals
Return on Equity
1.40%
Trailing 12-Months
Asset Growth
12.54%
Trailing 12-Months
Company Description
Altair Engineering Inc
Altair Engineering, Inc. engages in the provision of software and cloud solutions for product design & development, high performance cloud computing and data intelligence. It operates through the following segments: Software and Client Engineering Services. The Software segment includes a portfolio of software products; as well as solvers and optimization technology products, modelling and visualization tools. The Client Engineering Services segment engages in the provision of client engineering services to support customers with long-term, ongoing product design and development expertise. The company was founded by James R. Scapa in 1985 and is headquartered in Troy, MI.
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ALTR Earnings Call
Q1 2024
0:00 / 0:00
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ALTR Stock 12 Month Forecast
Average Price Target
$94.13
▲(4.01% Upside)
Technical Analysis
Best Analysts Covering ALTR
1 Year
1 Year Success Rate
9/9 ratings generated profit
1 Year Average Return
+23.48%
reiterated a buy rating 17 days ago
Copying Dylan Becker's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +23.48% per trade.
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