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

83.61USD+0.43 (+0.52%)Delayed

Market Summary

USD83.61+0.43

Delayed

0.52%

ALTR Alerts

5 major insider sales recently.

ALTR Stock Price

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ALTR RSI Chart

ALTR Valuation

Market Cap

6.7B

Price/Earnings (Trailing)

-754.94

Price/Sales (Trailing)

EV/EBITDA

108.39

Price/Free Cashflow

57.54

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

1.74%

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

1.6%

Last 30 days

-3.1%

Last 90 days

-1.9%

Trailing 12 Months

20.5%

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

Year	Q1	Q2	Q3	Q4
2023	578.5M	587.0M	601.6M	612.7M
2022	541.8M	554.5M	552.6M	572.2M
2021	488.6M	510.0M	524.8M	532.2M
2020	462.5M	454.3M	460.4M	469.9M
2019	411.0M	424.4M	438.0M	458.9M
2018	369.7M	381.4M	383.2M	396.4M
2017	315.3M	319.4M	326.3M	333.3M
2016	298.9M	303.7M	308.5M	313.2M
2015	0	0	0	294.1M

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

Tracking the Latest Insider Buys and Sells of Altair Engineering Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
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	-

Which funds bought or sold ALTR recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 25, 2024	NATIXIS ADVISORS, L.P.	added	2.3	70,000	1,528,000	-%
Apr 25, 2024	Allworth Financial LP	reduced	-6.02	-265	6,720	-%
Apr 25, 2024	SIMPLEX TRADING, LLC	sold off	-100	-325,000	-	-%
Apr 25, 2024	Zurcher Kantonalbank (Zurich Cantonalbank)	reduced	-3.34	-10,486	998,220	-%
Apr 25, 2024	Bank of New York Mellon Corp	reduced	-5.16	-662,506	22,111,300	-%
Apr 25, 2024	Lindbrook Capital, LLC	unchanged	-	166	7,150	-%
Apr 24, 2024	ABSOLUTE INVESTMENT ADVISERS, LLC	unchanged	-	175,098,000	11,735,600,000	1.87%
Apr 24, 2024	RAYMOND JAMES TRUST N.A.	added	4.1	16,598	269,131	0.01%
Apr 23, 2024	AMALGAMATED BANK	reduced	-75.85	-490,000	161,000	-%
Apr 23, 2024	Global Retirement Partners, LLC	reduced	-8.76	-3,268	44,884	-%

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

ALTR Alerts

5 major insider sales recently.

Unveiling Altair Engineering Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form 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)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MSFT	3.0T	236.6B	-3.63%	33.23%	35.03	12.76	13.97%	24.86%
ADBE	213.9B	19.9B	-5.32%	28.58%	44.56	10.73	10.76%	1.35%
CRWD	72.6B	3.1B	-5.59%	141.36%	812.75	23.76	36.33%	148.75%
SQ	45.4B	21.9B	-10.45%	22.96%	6.6K	2.07	25.01%	101.26%
AKAM	15.4B	3.8B	-7.25%	24.42%	28.14	4.04	5.40%	4.57%
FFIV	10.7B	2.8B	-3.65%	37.78%	23.21	3.81	3.55%	53.13%
MID-CAP
ALTR	6.7B	612.7M	-3.08%	20.53%	-754.94	11	7.07%	79.45%
HCP	6.3B	583.1M	20.70%	13.67%	-33.13	10.83	22.54%	30.49%
ACIW	3.5B	1.5B	2.37%	34.86%	29.17	2.44	2.16%	-14.54%
APPN	2.7B	545.4M	-4.16%	2.06%	-24.66	5.04	16.53%	26.16%
SMALL-CAP
CSGS	1.4B	1.2B	-4.77%	-7.98%	20.66	1.21	7.30%	93.18%
ATEN	1.0B	251.7M	-1.02%	-4.24%	25.24	4.01	-10.22%	-14.79%
BAND	461.5M	601.1M	-0.17%	46.86%	-28.24	0.77	4.88%	-183.51%
DTSS	20.8M	7.0M	1.99%	-47.50%	-2.42	2.91	-55.73%	-45.27%
BLIN	13.8M	15.6M	12.82%	48.31%	-1.38	0.88	-6.37%	-5256.07%

Altair Engineering Inc News

Latest updates

Altair Engineering Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	28.0%	172	134	141	166	160	119	133	160	141	121	120	150	133	106	99.00	131	124	100	107	128	103
Gross Profit	35.7%	142	105	110	133	127	91.00	103	128	108	90.00	88.00	117	101	77.00	73.00	97.00	87.00	69.00	76.00	95.00	73.00
Operating Expenses	3.1%	120	116	127	128	122	116	110	107	103	92.00	97.00	99.00	93.00	81.00	78.00	85.00	83.00	79.00	79.00	77.00	76.00
S&GA Expenses	-1.1%	44.00	44.00	45.00	43.00	44.00	41.00	41.00	38.00	47.00	31.00	32.00	32.00	31.00	27.00	26.00	28.00	28.00	26.00	26.00	26.00	22.00
R&D Expenses	1.8%	53.00	52.00	55.00	53.00	52.00	53.00	50.00	47.00	54.00	36.00	39.00	38.00	35.00	31.00	29.00	31.00	30.00	30.00	30.00	28.00	26.00
EBITDA Margin	35.8%	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 Expenses	0.3%	2.00	2.00	2.00	2.00	2.00	2.00	1.00	1.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	1.00	0.00	0.00
Income Taxes	255.6%	10.00	-6.54	9.00	9.00	0.00	5.00	4.00	7.00	4.00	3.00	1.00	0.00	2.00	3.00	3.00	5.00	4.00	3.00	-0.17	4.00	6.00
Earnings Before Taxes	373.8%	30.00	-10.90	-13.60	7.00	12.00	-28.67	-29.87	18.00	3.00	-5.09	-12.29	14.00	4.00	-5.57	-7.45	11.00	2.00	-12.64	-3.29	17.00	-3.13
EBT Margin	349.9%	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 Income	551.1%	20.00	-4.36	-22.28	-1.96	12.00	-33.25	-33.77	12.00	-1.40	-8.11	-13.65	14.00	2.00	-8.51	-10.22	6.00	-1.50	-15.94	-3.12	13.00	-9.00
Net Income Margin	47.0%	-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 Cashflow	31.3%	19.00	15.00	26.00	57.00	10.00	5.00	11.00	4.00	5.00	-0.55	16.00	34.00	3.00	-7.50	4.00	26.00	-0.15	-3.32	4.00	21.00	-5.52

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	8.9%	1,363	1,252	1,256	1,226	1,205	1,125	1,129	1,134	1,163	1,014	820	818	830	780	737	735	743	717	730	519	487
Current Assets	18.3%	701	592	587	549	527	466	554	556	588	580	383	379	387	360	352	357	352	361	364	156	154
Cash Equivalents	8.4%	467	431	418	378	316	312	416	406	414	456	260	244	242	246	251	247	223	247	252	40.00	36.00
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.00	2.00
Net PPE	4.3%	40.00	38.00	39.00	38.00	38.00	39.00	39.00	40.00	40.00	39.00	40.00	39.00	36.00	34.00	34.00	35.00	36.00	34.00	34.00	34.00	30.00
Goodwill	1.2%	458	453	453	451	449	77.00	15.00	379	370	269	263	262	264	18.00	233	230	234	211	212	211	211
Liabilities	5.5%	652	618	636	619	635	589	570	514	549	411	420	418	451	419	381	376	386	371	368	215	191
Current Liabilities	9.2%	324	297	319	300	233	198	187	431	474	348	356	359	201	149	146	151	153	143	141	143	127
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	189	216	183	181	178	176	173	16.00	31.00
Shareholder's Equity	12.2%	711	634	620	607	570	536	558	618	613	602	399	399	379	359	355	356	355	343	360	309	294
Retained Earnings	13.1%	-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 Capital	5.8%	864	817	790	753	721	716	687	698	724	711	496	485	475	465	456	450	447	436	434	381	380
Shares Outstanding	0.2%	81.00	80.00	80.00	80.00	79.00	79.00	79.00	79.00	76.00	75.00	75.00	75.00	73.00	73.00	73.00	73.00	72.00	71.00	71.00	71.00	67.00
Float	-	-	-	4,100	-	-	-	2,700	-	-	-	3,200	-	-	-	1,600	-	-	-	1,600	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	31.8%	21,651	16,427	30,030	59,199	13,036	8,493	12,255	5,786	6,029	872	18,151	36,571	5,503	-6,022	5,365	28,036	1,388	-1,863	6,553	25,315	-4,192
Share Based Compensation	-6.7%	19,158	20,526	23,736	22,161	22,263	22,710	21,200	18,614	13,320	10,933	10,648	9,648	7,416	6,234	4,534	3,171	2,944	2,292	2,080	1,212	2,126
Cashflow From Investing	56.2%	-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 Financing	222.4%	12,796	3,969	15,545	5,456	-12,171	3,234	29,409	2,509	2,212	203,056	515	-29,836	557	30,426	191	76.00	-44.00	-184	207,911	-15,767	31,016
Buy Backs	-	-	-	-	4,256	17,271	-	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 revenue	121,791	122,889	129,666
Gross profit	490,910	449,332	402,513
Operating expenses
Research and development	212,645	202,542	167,341
Sales and marketing	176,138	163,884	141,484
General and administrative	70,887	72,288	66,474
Amortization of intangible assets	30,851	27,510	18,357
Other operating expense (income), net	146	(9,955)	(3,482)
Total operating expenses	490,667	456,269	390,174
Operating income (loss)	243	(6,937)	12,339
Interest expense	6,116	4,377	12,065
Other (income) expense, net	(18,492)	16,899	562
Income (loss) before income taxes	12,619	(28,213)	(288)
Income tax expense	21,545	15,216	8,506
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, basic	80,596	79,472	76,179
Weighted average number of shares used in computing net loss per share, diluted	80,596	79,472	76,179
Total Software and Related Services [Member]
Total revenue	$ 578,006	$ 537,169	$ 485,569
Total cost of revenue	93,012	94,301	90,996
License [Member]
Total revenue	393,144	363,520	324,808
Total cost of revenue	15,088	20,497	19,929
Maintenance and Other Services [Member]
Total revenue	156,830	142,988	128,938
Total cost of revenue	56,094	51,946	47,862
Total Software [Member]
Total revenue	549,974	506,508	453,746
Total cost of revenue	71,182	72,443	67,791
Software Related Services [Member]
Total revenue	28,032	30,661	31,823
Total cost of revenue	21,830	21,858	23,205
Client Engineering Services [Member]
Total revenue	29,497	28,883	39,282
Total cost of revenue	24,450	23,577	31,710
Other [Member]
Total revenue	5,198	6,169	7,328
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, net	190,461	170,279
Income tax receivable	16,650	11,259
Prepaid expenses and other current assets	26,053	29,142
Total current assets	700,623	526,826
Property and equipment, net	39,803	37,517
Operating lease right of use assets	30,759	33,601
Goodwill	458,125	449,048
Other intangible assets, net	83,550	107,609
Deferred tax assets	9,955	9,727
Other long-term assets	40,678	40,410
TOTAL ASSETS	1,363,493	1,204,738
CURRENT LIABILITIES
Accounts payable	8,995	10,434
Accrued compensation and benefits	45,081	42,456
Current portion of operating lease liabilities	8,825	10,396
Other accrued expenses and current liabilities	48,398	56,371
Deferred revenue	131,356	113,081
Convertible senior notes, net	81,455	0
Total current liabilities	324,110	232,738
Convertible senior notes, net	225,929	305,604
Operating lease liabilities, net of current portion	22,625	24,065
Deferred revenue, non-current	32,347	31,379
Other long-term liabilities	47,151	41,216
TOTAL LIABILITIES	652,162	635,002
Commitments and contingencies
STOCKHOLDERS’ EQUITY
Preferred stock ($0.0001 par value), authorized 45,000 shares, none issued or outstanding	0	0
Additional paid-in capital	864,135	721,307
Accumulated deficit	(130,503)	(121,577)
Accumulated other comprehensive loss	(22,309)	(30,002)
TOTAL STOCKHOLDERS’ EQUITY	711,331	569,736
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	1,363,493	1,204,738
Class A Common Stock [Member]
STOCKHOLDERS’ EQUITY
Common stock	5	5
Class B Common Stock [Member]
STOCKHOLDERS’ EQUITY
Common stock	$ 3	$ 3

About Altair Engineering Inc

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	Mr. James R. Scapa
WEBSITE	altair.com
INDUSTRY	Software - Infra
EMPLOYEES	3200

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 Apr 26 2024, market cap of Altair Engineering Inc is 6.74 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 Apr 26 2024, ALTR's PE ratio (Price to Earnings) is -754.94 and Price to Sales (PS) ratio is 11. 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.