Altair Engineering Inc. (ALTR)

NASDAQ: ALTR · IEX Real-Time Price · USD
85.68
+0.60 (0.71%)
Mar 1, 2024, 4:00 PM EST - Market closed
0.71%
Market Cap 7.07B
Revenue (ttm) 612.70M
Net Income (ttm) -8.93M
Shares Out 82.60M
EPS (ttm) -0.11
PE Ratio n/a
Forward PE 66.18
Dividend n/a
Ex-Dividend Date n/a
Volume 325,387
Open 85.28
Previous Close 85.08
Day's Range 84.59 - 86.19
52-Week Range 57.59 - 92.92
Beta 1.45
Analysts Buy
Price Target 84.14 (-1.8%)
Earnings Date Feb 22, 2024

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

In 2023, ALTR's revenue was $612.70 million, an increase of 7.07% compared to the previous year's $572.22 million. Losses were -$8.93 million, -79.45% less than in 2022.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for ALTR stock is "Buy." The 12-month stock price forecast is $84.14, which is a decrease of -1.80% from the latest price.

Price Target
$84.14
(-1.80% downside)
Analyst Consensus: Buy
Stock Forecasts

News

Altair Announces Fourth Quarter and Full Year 2023 Financial Results

TROY, Mich., Feb. 22, 2024 (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...

10 days ago - GlobeNewsWire

Altair Expands Defense and Healthcare and Life Sciences Segment Leadership

Appointment of Caroline Phares and Chip Colbert to bolster Altair's industry expertise TROY, Mich. , Feb. 22, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence,...

10 days ago - PRNewsWire

2024 Altair Enlighten Award Open for Entries

Award spotlights the automotive industry's finest innovations in sustainable, lightweight design TROY, Mich., Feb. 20, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational inte...

12 days ago - PRNewsWire

Altair Announces Date of Fourth Quarter and Full Year 2023 Financial Results Conference Call

TROY, Mich., Feb. 08, 2024 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, will release its financial results for the fourth quarter an...

24 days ago - GlobeNewsWire

Altair To Host Investor Day on Wednesday, March 20, 2024

TROY, Mich., Feb. 02, 2024 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, today announced that it will host an Investor Day on Wednesd...

4 weeks ago - GlobeNewsWire

Altair Announces Future.Industry 2024 Global Flagship Event

Virtual event will explore the "Science of Possibility" and bring together thought leaders, industry experts, and visionaries to explore tomorrow TROY, Mich. , Jan. 4, 2024 /PRNewswire/ -- Altair (Nas...

2 months ago - PRNewsWire

Research consortium of Altair, JLR, and Danecca awarded funding through the Faraday Battery Challenge to create a new design process for electric vehicles

Altair to provide simulation and data analytics tools, and expertise to expedite breakthrough results TROY, Mich. , Dec. 7, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational...

3 months ago - PRNewsWire

Altair Technology Now Available to More Than 3,500 Teams in the FIRST® Robotics Competition Kit of Parts

All competing teams now have free access to Altair technology, including leading tools like Altair® RapidMiner® and Altair® Inspire™ TROY, Mich. , Dec. 5, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a...

3 months ago - PRNewsWire

Launch of Altair® RapidMiner® 2023 Platform Delivers Next-Generation Generative AI Capabilities

Updates include auto-clustering, expanded SAS, Python, and R coding capabilities, and more TROY, Mich. , Nov. 28, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science a...

3 months ago - PRNewsWire

Altair Announces Next-Generation Altair® HPCWorks™ 2024

Upgrades deliver powerful scheduling capabilities, cloud and AI integration, and HPC monitoring and reporting TROY, Mich. , Nov. 14, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in comp...

3 months ago - PRNewsWire

Altair to Present at the RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference

TROY, Mich., Oct. 31, 2023 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, today announced that Matt Brown, chief financial officer, wi...

4 months ago - GlobeNewsWire

Altair Announces Date of Third Quarter 2023 Financial Results Conference Call

TROY, Mich., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, will release its financial results for the third quarter end...

4 months ago - GlobeNewsWire

Altair Releases Altair® HyperWorks® 2023

Landmark release in open computer-aided engineering (CAE) environment TROY, Mich. , Oct. 18, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelli...

4 months ago - PRNewsWire

Altair Enhances Leadership in Optimization Technology by Acquiring OmniQuest

TROY, Mich. , Oct. 2, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), acquired OmniQuest, a Novi, Mich.

5 months ago - PRNewsWire

Altair Wins Awards from Fortune and Newsweek Recognizing Employer Excellence

Altair was named to Newsweek's "America's 100 Most Loved Workplaces" list and Fortune's "Best Workplaces in Technology" list for 2023 TROY, Mich., Sept. 27, 2023 /PRNewswire/ -- Altair  (Nasdaq: ALTR)...

5 months ago - PRNewsWire

Altair and EMA Design Automation Announce Integration of Ultra Librarian into Altair ECAD Verification and Multiphysics Solutions

Ultra Librarian gives Altair users access to more than 16 million symbols, footprints, and 3D models TROY, Mich., Sept. 19, 2023 /PRNewswire/ --  Altair  (Nasdaq: ALTR), a global leader in computation...

5 months ago - PRNewsWire

Altair to Present at the Goldman Sachs Communacopia + Technology Conference

TROY, Mich., Aug. 31, 2023 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, today announced that James R. Scapa, chairman and chief exec...

6 months ago - GlobeNewsWire

Altair SLC Now Available on Google Cloud Marketplace

Altair SLC is an alternative SAS language environment that reduces costs and improves efficiency TROY, Mich. , Aug. 22, 2023 /PRNewswire/ -- Altair  (Nasdaq: ALTR), a global leader in computational sc...

6 months ago - PRNewsWire

Altair Global Survey Reveals Growing Impact of Digital Twin Technology in Banking, Financial Services, and Insurance Industries

Data highlights sector's broad use of digital twins for behavior modeling, personalization, fraud prevention, and more TROY, Mich. , Aug. 15, 2023 /PRNewswire/ --  Altair (Nasdaq: ALTR), a global lead...

7 months ago - PRNewsWire

Altair to Present at the Rosenblatt 3rd Annual Technology Summit

TROY, Mich., Aug. 14, 2023 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, will participate in a fireside chat at the Rosenblatt 3rd An...

7 months ago - GlobeNewsWire

Altair Announces Winners of 2023 Altair Enlighten Award

Polestar, Toyota, Marelli, and others among winners creating a more sustainable, lightweight future TROY, Mich. , Aug. 1, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational s...

7 months ago - PRNewsWire

Altair Expands Digital Engineering Technology with Acquisition of OmniV

TROY, Mich., July 27, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), acquired OmniV, a technology out of XLDyn, a product develo...

7 months ago - PRNewsWire

Altair Named to 2023 Fortune Best Workplaces for Millennials List

TROY, Mich. , July 25, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), was honored as one of the 2023 Best Workplaces for Millenn...

7 months ago - PRNewsWire

Altair Named to Newsweek's List of the Most Loved Workplaces for 2023

Altair included among the top 100 U.S. companies recognized for employee sentiment and satisfaction TROY, Mich. , June 13, 2023 /PRNewswire/ --  Altair  (Nasdaq: ALTR), a global leader in computationa...

9 months ago - PRNewsWire

Altair Global Survey Reveals Significant Opportunities to Improve Efficiency, Scale, and Success of Enterprise AI and Data Projects

Survey identifies opportunities to remove organizational, technological, and financial friction       TROY, Mich. , June 6, 2023 /PRNewswire/ -- Altair (NASDAQ: ALTR), a global leader in computational...

9 months ago - PRNewsWire