82.37

1.57% -1.08

Altair Engineering Inc (ALTR)

Overview News Price History Option Chain Discussions Forecast

Altair Engineering Inc stock is currently priced at $82.37, with a 24-hour trading volume of 4,749. It has seen a -1.57% decreased in the last 24 hours and a -2.64% declined in the past month. The chart indicates a potential bearish trend, as the stock is below the $83.56 pivot point. If it approaches the $81.55 support level, significant changes may occur.

Previous Close:

$83.45

Open:

$82.01

24h Volume:

4,749

Market Cap:

$6.93B

Revenue:

$612.70M

Net Income/Loss:

$-8.93M

P/E Ratio:

-392.24

EPS:

-0.21

Net Cash Flow:

$117.11M

1W Performance:

+1.70%

1M Performance:

-2.64%

6M Performance:

+37.59%

1Y Performance:

+18.75%

1D Range:

$82.01

$82.63

52W Range:

$57.59

$92.92

Altair Engineering Inc Stock (ALTR) Company Profile

Name

Altair Engineering Inc

Sector

Technology (772)

Industry

Software - Infrastructure (158)

Phone

248-614-2400

Address

1820 East Big Beaver Road, Troy, MI

Employee

2,400

Twitter

@altair_inc

Next Earnings Date

2024-05-16

Latest SEC Filings

ALTR's Discussions on Twitter

Altair Engineering Inc Stock (ALTR) Upgrades & Downgrades

Date	Action	Analyst	Rating Change
Dec-22-23	Initiated	JP Morgan	Overweight
May-05-23	Upgrade	Goldman	Sell → Neutral
Nov-16-22	Initiated	Needham	Buy
Aug-17-22	Initiated	Wolfe Research	Outperform
Jul-27-22	Initiated	Oppenheimer	Outperform
Jun-27-22	Downgrade	Goldman	Neutral → Sell
Nov-09-21	Initiated	Loop Capital	Buy
Nov-05-21	Initiated	Griffin Securities	Neutral
Jul-27-21	Initiated	Rosenblatt	Buy
May-14-21	Resumed	Goldman	Neutral
May-07-21	Upgrade	William Blair	Mkt Perform → Outperform
Mar-02-21	Upgrade	Goldman	Sell → Neutral
Dec-09-20	Upgrade	JP Morgan	Neutral → Overweight
Oct-14-20	Upgrade	The Benchmark Company	Hold → Buy
Sep-10-20	Upgrade	Guggenheim	Sell → Neutral
Aug-07-20	Upgrade	JP Morgan	Underweight → Neutral
Jun-05-20	Initiated	The Benchmark Company	Hold
Mar-20-20	Downgrade	Goldman	Neutral → Sell
Jan-23-20	Downgrade	Guggenheim	Neutral → Sell
Nov-12-19	Initiated	Goldman	Neutral
Nov-08-19	Downgrade	William Blair	Outperform → Mkt Perform
Sep-11-19	Resumed	JP Morgan	Underweight
Aug-12-19	Reiterated	Needham	Buy
Aug-09-19	Downgrade	Deutsche Bank	Buy → Hold
Mar-20-19	Initiated	Guggenheim	Neutral
Mar-14-19	Reiterated	Needham	Buy
Mar-01-19	Reiterated	Needham	Buy
Aug-10-18	Reiterated	Needham	Buy
Mar-28-18	Initiated	Needham	Buy
Mar-27-18	Initiated	Needham	Buy
Jan-30-18	Initiated	Berenberg	Buy
Nov-27-17	Initiated	William Blair	Outperform

View All

Altair Engineering Inc Stock (ALTR) Latest News

Altair Engineering Inc Stock (ALTR) Financials Data

Altair Engineering Inc (ALTR) Revenue 2024

ALTR reported a revenue (TTM) of $612.70 million for the quarter ending December 31, 2023, a +7.07% rise year-over-year.

Altair Engineering Inc (ALTR) Net Income 2024

ALTR net income (TTM) was -$8.93 million for the quarter ending December 31, 2023, a +79.45% increase year-over-year.

Altair Engineering Inc (ALTR) Cash Flow 2024

ALTR recorded a free cash flow (TTM) of $117.11 million for the quarter ending December 31, 2023, a +291.40% increase year-over-year.

Altair Engineering Inc (ALTR) Earnings per Share 2024

ALTR earnings per share (TTM) was -$0.10 for the quarter ending December 31, 2023, a +82.76% growth year-over-year.

Altair Engineering Inc Stock (ALTR) Insider Trading

Insider Trading	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total
Christ George J	10% Owner	Apr 09 '24	Sale	85.85	12,783	1,097,379	187,217
Harris Teresa A	Director	Apr 02 '24	Option Exercise	0.00	620	0	19,515
Harris Teresa A	Director	Apr 02 '24	Sale	84.00	620	52,080	18,895
Christ Revocable Trust	10% Owner	Mar 28 '24	Sale	85.99	83,336	7,165,779	200,000
Christ George J	10% Owner	Mar 28 '24	Sale	85.99	83,336	7,165,779	200,000
Christ Revocable Trust	10% Owner	Mar 26 '24	Sale	85.42	3,904	333,490	283,336
Christ George J	10% Owner	Mar 26 '24	Sale	85.42	3,904	333,490	283,336
Christ Revocable Trust	10% Owner	Mar 22 '24	Sale	86.71	12,760	1,106,378	287,240
Christ George J	10% Owner	Mar 22 '24	Sale	86.71	12,760	1,106,378	287,240
Scapa James Ralph	Chief Executive Officer	Mar 18 '24	Sale	80.74	10,000	807,424	0

Altair Engineering Inc., together with its subsidiaries, provides enterprise-class engineering software worldwide. The company operates through two segments, Software and Client Engineering Services. Its integrated suite of multi-disciplinary computer aided engineering software optimizes design performance across various disciplines, including structures, motion, fluids, thermal management, electromagnetics, system modeling and embedded systems, as well as provides data analytics and true-to-life visualization and rendering. The company also offers client engineering services to support customers with long-term ongoing product design and development services, as well as consulting, training, and support services. Altair Engineering Inc. was founded in 1985 and is headquartered in Troy, Michigan.