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Altair Engineering Inc. (ALTR)

NASDAQ: ALTR · IEX Real-Time Price · USD
74.71 2.13 (2.93%)
Dec 7, 2021 4:00 PM EST - Market closed
Market Cap5.89B
Revenue (ttm)524.82M
Net Income (ttm)-5.20M
Shares Out78.85M
EPS (ttm)-0.07
PE Ration/a
Forward PE112.36
Dividendn/a
Ex-Dividend Daten/a
Volume169,563
Open73.36
Previous Close72.58
Day's Range72.35 - 75.08
52-Week Range54.36 - 82.96
Beta1.51
AnalystsBuy
Price Target86.29 (+15.5%)
Earnings DateNov 4, 2021

About 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 worldwide. The company operates through two segments, Software and Client Engineering Services. Its software segment includes solvers and optimization technology products, high-performance computing software applications and hardware products, modeling and visualization tools, data analytics and analysis products, and IoT platform and analytics tools, a...

IndustrySoftware
IPO DateNov 1, 2017
CEOJames Scapa
Employees3,050
Stock ExchangeNASDAQ
Ticker SymbolALTR
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for ALTR stock is "Buy." The 12-month stock price forecast is 86.29, which is an increase of 15.50% from the latest price.

Price Target
$86.29
(15.50% upside)
Analyst Consensus: Buy

News

Argonne National Laboratory Selects Altair to Turbocharge Scientific Breakthroughs in the Exascale Era

Altair ® PBS Professional® will orchestrate workloads for massive high-performance computing systems including the Polaris and Aurora supercomputers, boosting the world's most important research efforts...

3 weeks ago - PRNewsWire

Altair Engineering (ALTR) Surpasses Q3 Earnings and Revenue Estimates

Altair Engineering (ALTR) delivered earnings and revenue surprises of 1000.00% and 6.66%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Altair Announces Third Quarter 2021 Financial Results

Exceeds Expectations for Third Quarter 2021, Raises Outlook for the Year Exceeds Expectations for Third Quarter 2021, Raises Outlook for the Year

1 month ago - GlobeNewsWire

Inc. Magazine Selects Altair for 2021 Best-Led Companies List

TROY, Mich., Nov. 4, 2021 /PRNewswire/ -- Altair (Nasdaq: ALTR), the global leader converging simulation, HPC, and AI, was named to Inc. magazine's 2021 Best-Led Companies list.

1 month ago - PRNewsWire

Altair To Virtually Present at the RBC Global Technology, Internet, Media and Telecom Conference

TROY, Mich., Nov. 03, 2021 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), the global leader converging simulation, HPC, and AI, today announced that James Scapa, chairman and chief executive officer, and Ma...

1 month ago - GlobeNewsWire

Altair Relaunches Startup Program

TROY, Mich., Nov. 3, 2021 /PRNewswire/ -- Altair (Nasdaq: ALTR), the global leader converging simulation, HPC, and AI, today relaunched its startup program, a series of tailored, discounted technology p...

1 month ago - PRNewsWire

Altair Named to Newsweek's List of the Most Loved Workplaces for 2021

Altair ranked 35th among the top 100 U.S. companies recognized for employee satisfaction TROY, Mich., Oct. 25, 2021 /PRNewswire/ --  Altair (Nasdaq: ALTR), the global leader converging simulation, HPC, ...

1 month ago - PRNewsWire

Toggled Unveils Next Generation Intelligent Building Technology at LightFair 2021

New Area Lighting Controller and Plug Load Controller for Toggled iQ lets users better control third-party lighting technology and plug loads to deliver substantial energy savings  TROY, Mich., Oct. 25,...

1 month ago - PRNewsWire

Toggled Launches Toggled iQ Smart Building Control Solutions for Sustainable Operations

Toggled iQ's smart building platform improves building facilities management, increases energy efficiency, improves tenant satisfaction, and reduces costs  TROY, Mich., Oct. 18, 2021 /PRNewswire/ --  To...

1 month ago - PRNewsWire

Altair Fuels Better Decision Making and Faster Optimization with Latest Release of Integrated Simulation and Analysis...

2021.2 simulation software update delivers AI-driven speed, democratization, and innovation at every stage of the development cycle for complex products and systems TROY, Mich., Oct. 5, 2021 /PRNewswire...

2 months ago - PRNewsWire

Altair Launches Consortium to Accelerate World-Class Altair Material Data Center for Engineers and Designers

TROY, Mich., Sept. 30, 2021 /PRNewswire/ -- Altair, the global leader converging simulation, HPC, and AI, is proud to announce the Altair® Material Data Center™ consortium, designed to help make the Alt...

2 months ago - PRNewsWire

Are These Fast Growing Mid-Cap SaaS Stocks Worth A Look?

Our theme of Mid-Cap SaaS Stocks filters for software stocks that have a market cap of between $2 billion and $10 billion and have grown revenue by 50% or more over the last two years. These stocks have...

Other symbols:MIMENEWRPCTY
2 months ago - Forbes

Altair Announces Private Placement Financing of $200 Million from Matrix Capital Management Company LP

TROY, Mich., Sept. 27, 2021 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global technology company providing software and cloud solutions in the areas of simulation, high-performance computing, data ana...

2 months ago - GlobeNewsWire

Altair Engineering (ALTR) Ties Up With TrueInsight, Widens Reach

Altair Engineering (ALTR) inks collaboration with TrueInsight to offer tailor-made support for customers across the country.

2 months ago - Zacks Investment Research

Altair Names TrueInsight to Altair Channel Partner Program, Expanding Reach in U.S.

TROY, Mich., Sept. 21, 2021 /PRNewswire/ -- Altair  (Nasdaq: ALTR), the global leader converging simulation, HPC, and AI, signed a new channel partner agreement with TrueInsight, based in Sandy, UT.

2 months ago - PRNewsWire

Altair Future.Industry Experience Explores What's Next in Advanced Manufacturing

Ford, Samsung Mobile, BMW, and Altium among featured keynotes TROY, Mich., Sept. 16, 2021 /PRNewswire/ -- Altair (Nasdaq: ALTR), the global leader converging simulation, HPC, and AI, will host a global ...

2 months ago - PRNewsWire

Altair to Virtually Present at the Rosenblatt Technology Summit: The Age of AI Scaling

TROY, Mich., Aug. 12, 2021 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global technology company providing software and cloud solutions in the areas of simulation, high-performance computing, data anal...

3 months ago - GlobeNewsWire

Altair Acquires S-FRAME Software, Powerful Structural Analysis and Design Software, to Strengthen and Accelerate Glob...

As an innovator in AEC structural simulation and certification for 40 years, S-FRAME Software is a leading advocate for the use of timber in building design TROY, Mich., Aug. 10, 2021 /PRNewswire/ -- Al...

3 months ago - PRNewsWire

Altair Engineering (ALTR) Tops Q2 Earnings and Revenue Estimates

Altair Engineering (ALTR) delivered earnings and revenue surprises of 600.00% and 7.55%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

Altair Announces Second Quarter 2021 Financial Results

Exceeds Expectations for Second Quarter 2021, Raises Outlook for the Year Exceeds Expectations for Second Quarter 2021, Raises Outlook for the Year

4 months ago - GlobeNewsWire

Winners of Altair Enlighten Award Feature Weight-saving Design Innovations That Cut Automotive CO2 Emissions

Industry's only award dedicated to vehicle lightweighting and sustainability honors greatest advancements in reducing the carbon footprint, mitigating water and energy consumption, and promoting materia...

4 months ago - PRNewsWire

Altair Engineering (ALTR) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Altair Engineering (ALTR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

4 months ago - Zacks Investment Research

Altair Announces Date of Second Quarter 2021 Financial Results Conference Call

TROY, Mich., July 22, 2021 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global technology company providing solutions in simulation, high-performance computing (HPC), and artificial intelligence (AI), w...

4 months ago - GlobeNewsWire

Shekar Ayyar Joins Altair Board of Directors

TROY, Mich., July 19, 2021 /PRNewswire/ --  Altair  (Nasdaq: ALTR) announced that Shekar Ayyar has joined Altair's board of directors.

4 months ago - PRNewsWire

Altair (ALTR) Unveils SmartWorks, Bolsters Product Innovation

Altair Engineering's (ALTR) launch of Altair SmartWorks is set to empower augmented, data-driven decision making.

5 months ago - Zacks Investment Research