Altair Engineering Inc. (ALTR)

NASDAQ: ALTR · IEX Real-Time Price · USD
45.83
+0.34 (0.75%)
Sep 27, 2022 4:00 PM EDT - Market closed
0.75%
Market Cap 3.66B
Revenue (ttm) 554.54M
Net Income (ttm) -31.75M
Shares Out 79.95M
EPS (ttm) -0.16
PE Ratio n/a
Forward PE 51.81
Dividend n/a
Ex-Dividend Date n/a
Volume 139,353
Open 45.94
Previous Close 45.49
Day's Range 45.38 - 46.70
52-Week Range 44.92 - 82.96
Beta 1.50
Analysts Buy
Price Target 66.01 (+44.0%)
Earnings Date Nov 2, 2022

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 in two segments, Software and Client Engineering Services. The 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 Internet of Things platform and analytic... [Read more...]

Industry Software
IPO Date Nov 1, 2017
CEO James Scapa
Employees 3,050
Stock Exchange NASDAQ
Ticker Symbol ALTR
Full Company Profile

Financial Performance

In 2021, ALTR's revenue was $532.18 million, an increase of 13.25% compared to the previous year's $469.92 million. Losses were -$8.79 million, -16.25% less than in 2020.

Financial Statements

Analyst Forecast

According to 15 analysts, the average rating for ALTR stock is "Buy." The 12-month stock price forecast is 66.01, which is an increase of 44.03% from the latest price.

Price Target
$66.01
(44.03% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Altair Announces Release of Simulation 2022.1 Software Update

New features enable more efficient, sustainable innovations and product lifecycles TROY, Mich. , Sept. 19, 2022 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artifi...

1 week ago - PRNewsWire

Altair Announces Completion of Acquisition of RapidMiner

TROY, Mich. , Sept. 16, 2022 /PRNewswire/ --  Altair  (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), has completed the acquisition of RapidMiner, a leader in ...

1 week ago - PRNewsWire

Altair Announces Future.Industry 2022 Global Flagship Event

Virtual event will feature international speakers discussing the latest technology, tools, and trends in computational science TROY, Mich. , Sept. 15, 2022 /PRNewswire/ -- Altair (Nasdaq: ALTR), a globa...

1 week ago - PRNewsWire

Altair to Acquire RapidMiner, Continuing Expansion of Broad Data Analytics Portfolio

Key technology extends reach and scale of data analytics suite TROY, Mich. , Sept. 13, 2022 /PRNewswire/ --  Altair  (Nasdaq: ALTR), a global leader in computational science and artificial intelligence ...

2 weeks ago - PRNewsWire

ACM vs. ALTR: Which Stock Should Value Investors Buy Now?

ACM vs. ALTR: Which Stock Is the Better Value Option?

Other symbols: ACM
2 weeks ago - Zacks Investment Research

Say Goodbye to the Crash Test Dummy? Altair Survey Reveals Digital Twin Technology May Make Physical Prototyping Obso...

Global survey finds widespread adoption of digital twins across industries, delivering transformative business impact in product development, risk assessment, and sustainability TROY, Mich. , Sept. 13, ...

2 weeks ago - PRNewsWire

Industry-Proven Altair Radioss Finite Element Analysis Solver Now Available as Open-Source Solution

OpenRadioss now available worldwide TROY, Mich. , Sept. 8, 2022 /PRNewswire/ -- Altair  (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI) announced that Altair Ra...

2 weeks ago - PRNewsWire

Altair To Virtually Present at the Rosenblatt 2nd Annual AI Conference

TROY, Mich., Aug. 11, 2022 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, today announced that James R. Scapa, chairman and chief execut...

1 month ago - GlobeNewsWire

Altair Named Official Supplier for Luna Rossa Prada Pirelli Team in its Challenge for the 37th America's Cup

Agreement expands upon the companies' collaboration since 2019 to include simulation technology and services TROY, Mich. , Aug. 11, 2022 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computa...

1 month ago - PRNewsWire

Altair Engineering (ALTR) Q2 Earnings and Revenues Surpass Estimates

Altair Engineering (ALTR) delivered earnings and revenue surprises of 44.44% and 2.33%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

5 Top-Ranked Stocks Likely to Beat Earnings Estimates

TakeTwo Interactive Software (TTWO), Delek US Holdings (DK), Ulta Beauty (ULTA), Altair Engineering (ALTR) and Albemarle (ALB) are likely to beat earnings estimates this season.

Other symbols: ALBDKTTWOULTA
1 month ago - Zacks Investment Research

Altair Announces Winners of 10th Annual Enlighten Award

Ford, Shiloh Industries, General Motors, Toyota, BASF, Nemak, and McMaster University among winners creating a more sustainable, lightweight future TROY, Mich. , Aug. 2, 2022 /PRNewswire/ -- Altair (Nas...

1 month ago - PRNewsWire

Can Altair Engineering (ALTR) Keep the Earnings Surprise Streak Alive?

Altair Engineering (ALTR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

1 month ago - Zacks Investment Research

Altair To Virtually Present at the Oppenheimer 25th Annual Technology, Internet & Communications Conference

TROY, Mich., July 27, 2022 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, today announced that James R. Scapa, chairman and chief execut...

1 month ago - GlobeNewsWire

Altair Announces Date of Second Quarter 2022 Financial Results Conference Call

TROY, Mich., July 21, 2022 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, will release its financial results for the second quarter ende...

2 months ago - GlobeNewsWire

Altair, LG Electronics Collaborate to Accelerate Digital Transformation with AI-based Simulation for Product Development

Companies Sign Digital Transformation and Simulation Memorandum of Understanding TROY, Mich. , July 11, 2022 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificia...

2 months ago - PRNewsWire

Altair Releases Altair Unlimited Data Analytics Appliance

Modern, turnkey solution offers unprecedented data analytics capabilities through an out-of-the-box, user-ready, plug-and-play offering TROY, Mich. , June 28, 2022 /PRNewswire/ -- Altair (Nasdaq: ALTR),...

2 months ago - PRNewsWire

Court Lifts Final Injunction in Favor of Altair in World Programming Case

Solution can now be sold in the U.S. and around the world, providing customers an alternative to the SAS language environment TROY, Mich. , June 27, 2022 /PRNewswire/ -- Altair  (Nasdaq: ALTR), a global...

3 months ago - PRNewsWire

Altair Announces Sale of $230 Million Aggregate Principal Amount of Convertible Senior Notes

TROY, Mich., June 24, 2022 (GLOBE NEWSWIRE) -- Altair Engineering Inc. (Nasdaq: ALTR) (“Altair”) today announced the closing of its private offering of convertible senior notes and the exercise in full ...

3 months ago - GlobeNewsWire

Toggled Unveils New Fixture Controller for Network Lighting Control Management at LightFair 2022

Latest advancement connects individual fixtures to the Toggled iQ Network Lighting Control system, giving users pinpoint control while delivering added energy savings TROY, Mich. , June 20, 2022 /PRNews...

3 months ago - PRNewsWire

Altair (ALTR) Acquires Concept Engineering, Expands Reach

The Concept Engineering buyout will help Altair Engineering (ALTR) in expanding electronic system design technology.

3 months ago - Zacks Investment Research

Altair Expands Electronic System Design Technology with Acquisition of Concept Engineering

TROY, Mich. , June 13, 2022 /PRNewswire/ -- Altair  (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), acquired Concept Engineering, the leading provider of elect...

3 months ago - PRNewsWire

Altair Announces Pricing of Offering of $200 Million of Convertible Senior Notes

TROY, Mich. , June 10, 2022 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, today announced the pricing of $200 million aggregate principal a...

3 months ago - PRNewsWire

Altair Announces Proposed Private Offering of $200 Million of Convertible Senior Notes

TROY, Mich. , June 9, 2022 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, today announced its intention to offer, subject to market conditio...

3 months ago - PRNewsWire

Altair Expands Design Technology for Additive Manufacturing with Acquisition of Gamma

TROY, Mich. , June 6, 2022 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), acquired Gen3D, a startup out of the University of Bath, U.K....

3 months ago - PRNewsWire