Altair Engineering Inc. (ALTR)

NASDAQ: ALTR · Real-Time Price · USD
111.78
0.00 (0.00%)
Feb 21, 2025, 4:00 PM EST - Market closed
0.00%
Market Cap 9.52B
Revenue (ttm) 665.79M
Net Income (ttm) 14.18M
Shares Out 85.18M
EPS (ttm) 0.16
PE Ratio 671.74
Forward PE 81.76
Dividend n/a
Ex-Dividend Date n/a
Volume 651,421
Open 111.73
Previous Close 111.78
Day's Range 111.56 - 112.20
52-Week Range 75.71 - 113.12
Beta 1.42
Analysts Hold
Price Target 100.83 (-9.8%)
Earnings Date Feb 20, 2025

About ALTR

Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions in the areas of simulation and design, high-performance computing, data analytics, and artificial intelligence in the United States and internationally. It 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 ... [Read more]

Sector Technology
IPO Date Nov 1, 2017
Employees 3,400
Stock Exchange NASDAQ
Ticker Symbol ALTR
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for ALTR stock is "Hold." The 12-month stock price forecast is $100.83, which is a decrease of -9.80% from the latest price.

Price Target
$100.83
(-9.80% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Altair Announces Fourth Quarter and Full Year 2024 Financial Results

TROY, Mich., Feb. 20, 2025 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, today released its financial results for the fourth quarter and full year ended Dec...

1 day ago - GlobeNewsWire

Altair Releases Altair® HyperWorks® 2025

New capabilities and enhancements make a zero-prototype world possible TROY, Mich. , Feb. 19, 2025 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, is thrilled to ...

3 days ago - PRNewsWire

Altair and LTTS Launch 5G-6G Wireless Center of Excellence to Shape the Future of Telecommunications Innovation

CoE to provide leading 5G-6G capabilities for clients in telecommunications, smart factories, connected vehicles, and healthcare TROY, Mich. , Feb. 13, 2025 /PRNewswire/ -- Altair (Nasdaq: ALTR), a gl...

9 days ago - PRNewsWire

Altair Announces Future.Industry 2025 Global Event

Virtual event will bring together thought leaders, industry experts, and visionaries to explore how technology is transforming the ways we live, work, and beyond TROY, Mich. , Feb. 12, 2025 /PRNewswir...

10 days ago - PRNewsWire

Meridian Flight Systems Joins Altair Aerospace Startup Acceleration Program (ASAP)

Meridian to utilize Altair software and services to enhance development of Corra UAV and HERMES projects TROY, Mich. , Feb. 6, 2025 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computatio...

16 days ago - PRNewsWire

Altair Announces Next-Level Enhancements Within Altair® HPCWorks® 2025

Enhancements and new capabilities further bolster the market's leading HPC and cloud platform TROY, Mich. , Feb. 5, 2025 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelli...

17 days ago - PRNewsWire

2025 Altair Enlighten Award Open for Submissions

Award spotlights the automotive industry's finest innovations in sustainable, lightweight design TROY, Mich. , Feb. 4, 2025 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational inte...

18 days ago - PRNewsWire

Altair and Cranfield University Sign MoU to Advance Use of Simulation, Data Analytics, and AI

Altair solutions help students and startups pioneer next-generation advancements in aerospace and robotics TROY, Mich. , Jan. 28, 2025 /PRNewswire/ -- Altair  (Nasdaq: ALTR), a global leader in comput...

25 days ago - PRNewsWire

Altair Engineering Inc. Stockholders Approve Proposed Merger with Siemens

TROY, Mich. , Jan. 22, 2025 /PRNewswire/ -- Altair Engineering Inc. ("Altair") (Nasdaq: ALTR), a global leader in computational intelligence, today announced that its stockholders voted at a special m...

4 weeks ago - PRNewsWire

ALTAIR ENGINEERING INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Altair Engineering Inc. - ALTR

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Altair Engineeri...

6 weeks ago - Business Wire

Altair® RapidMiner® Unlocks Next-Level Capabilities with Advanced AI Agent Framework

Platform empowers users to seamlessly build and deploy advanced AI agents TROY, Mich. , Dec. 18, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, announced th...

2 months ago - PRNewsWire

Altair Announces Partnership with CGI to Drive IT Modernization and AI Innovation

TROY, Mich. , Dec. 12, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, has announced a partnership with CGI, one of the largest independent IT and business c...

2 months ago - PRNewsWire

Altair and Auburn University to Collaborate on $1.25 Million AFWERX Contract to Advance Vortex Rocket Engines

Altair® FlightStream™ to improve engine performance in a fraction of the time compared to traditional methods TROY, Mich. , Dec. 4, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in compu...

2 months ago - PRNewsWire

Altair Technology Powers Cleveland Golf's New HiBore XL Driver

Altair® HyperWorks® platform empowers Cleveland Golf to break free from traditional design limits TROY, Mich. , Nov. 19, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational in...

3 months ago - PRNewsWire

Altair Solutions Now Supported on NVIDIA Grace Hopper and Grace CPU Superchip Architectures

Altair simulations run twice as fast on NVIDIA Hopper series as its predecessor TROY, Mich. , Nov. 18, 2024 /PRNewswire/ --  Altair  (Nasdaq: ALTR), a global leader in computational intelligence, anno...

3 months ago - PRNewsWire

Altair Collaborates with Aerospace Startup Moya Aero to Develop eVTOLs

The collaboration, established within Altair's Aerospace Startup Acceleration Program (ASAP), will accelerate product development and slash prototyping costs TROY, Mich. , Nov. 13, 2024 /PRNewswire/ -...

3 months ago - PRNewsWire

Altair Signs Collaboration Agreement with the European Space Agency

Altair software available to organizations through ESA Partnership Initiative for Commercialisation (EPIC) TROY, Mich. , Nov. 12, 2024 /PRNewswire/ -- Altair  (Nasdaq: ALTR), a global leader in comput...

3 months ago - PRNewsWire

Altair® PollEx™ for ECAD Now Available

Solution empowers engineers with advanced PCB verification tools at no cost TROY, Mich. , Nov. 7, 2024 /PRNewswire/ -- Altair  (Nasdaq: ALTR), a global leader in computational intelligence, announced ...

3 months ago - PRNewsWire

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Altair Engineering Inc.

NEW YORK , Oct. 31, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Altair Engineering Inc. (NASDAQ: ALTR) and its board of directors concerning the propos...

4 months ago - PRNewsWire

Altair Announces Third Quarter 2024 Financial Results

TROY, Mich., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), today released its financial results for the third quarter and nine months ended September 30, 2024.

4 months ago - GlobeNewsWire

Altair Signs Definitive Agreement with Siemens to be Acquired for $10.6 Billion

TROY, Mich., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, today announced that it has entered into a definitive agreement to be acquired by S...

4 months ago - GlobeNewsWire

Altair Announces Date of Third Quarter 2024 Financial Results Conference Call

TROY, Mich., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, will release its financial results for the third quarter ended September 30, 2024 a...

4 months ago - GlobeNewsWire

Altair Drives Aerospace Innovation at Motivo

Altair's best-in-class consulting expertise and AI-powered engineering technology help Motivo deliver superior product designs TROY, Mich. , Oct. 15, 2024 /PRNewswire/ --  Altair  (Nasdaq: ALTR), a gl...

4 months ago - PRNewsWire

Altair Names Cimatron, part of Sandvik Group, as Global Channel Partner

Cimatron to offer Altair Inspire's injection molding and metal forming simulation solutions TROY, Mich. , Oct. 10, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intellig...

4 months ago - PRNewsWire

Altair and Technical University of Munich Discover Breakthrough in Quantum Computing for Computational Fluid Dynamics

Research details solutions for several key challenges of quantum computing implementation TROY, Mich. , Oct. 9, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligenc...

4 months ago - PRNewsWire