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Altair Engineering Inc
NASDAQ:ALTR

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Altair Engineering Inc Logo
Altair Engineering Inc
NASDAQ:ALTR
Watchlist
Price: 46.83 USD +0.04%
Updated: Nov 30, 2022

Intrinsic Value

The intrinsic value of one ALTR stock under the Base Case scenario is 31.14 USD. Compared to the current market price of 46.83 USD, Altair Engineering Inc is Overvalued by 34%.

The Intrinsic Value is calculated as the average of the two valuation methods:

ALTR Intrinsic Value
Base Case
31.14 USD
Overvaluation 34%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Fundamental Analysis

ALTR Profitability Score
Profitability Due Diligence

Altair Engineering Inc's profitability score is 47/100. The higher the profitability score, the more profitable the company is.

Negative 3-Year Average ROE
Negative ROE
Negative Net Income
Negative Operating Income
47/100
Profitability
Score

Altair Engineering Inc's profitability score is 47/100. The higher the profitability score, the more profitable the company is.

ALTR Solvency Score
Solvency Due Diligence

Altair Engineering Inc's solvency score is 52/100. The higher the solvency score, the more solvent the company is.

Low Interest Coverage
Negative Net Debt
Long-Term Liabilities
Low D/E
52/100
Solvency
Score

Altair Engineering Inc's solvency score is 52/100. The higher the solvency score, the more solvent the company is.

Financials
Efficiency
78%
Gross Margin
-1%
Operating Margin
-10%
Net Margin
4%
FCF Margin
-10%
ROE
-2%
ROIC
Other

ALTR Capital Structure
Altair Engineering Inc

Market Capitalization 3.8B USD
Total Debt 305M USD
Minority Interest 0 USD
Preferred Equity 0 USD
Cash and Equivalents 312M USD
Short-Term Investments 0 USD
Enterprise Value 3.7B USD

Wall St
Price Targets

ALTR Price Targets Summary
Altair Engineering Inc

Wall Street analysts forecast ALTR stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for ALTR is 61.05 USD with a low forecast of 39.39 USD and a high forecast of 73.5 USD.

Lowest
Price Target
39.39 USD
16% Downside
Average
Price Target
61.05 USD
30% Upside
Highest
Price Target
73.5 USD
57% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

ALTR Competitors
Altair Engineering Inc

ALTR Suppliers & Customers
Altair Engineering Inc

Altair Engineering Inc has 31 key suppliers from 9 countries and 12 industries. The majority of these suppliers are located in the United States of America, with the largest number of suppliers in the Technology industry.

Altair Engineering Inc has 20 key customers from 8 countries and 10 industries. The majority of these customers are located in the United States of America, with the largest number of customers in the Technology industry.

Ownership

ALTR Shareholders
Major Shareholders

Insiders own a significant part of the company.

Top 25 shareholders own 103.7% of the company. Insiders own 59.99%. The biggest insider is Scapa James Ralph (Chief Executive Officer), who owns 13.26% of Altair Engineering Inc.

Insiders
59.99%
Institutions
56.41%
Other
-16.4%
Insiders
59.99%
Scapa James Ralph
Chief Executive Officer
Ownership
13.2645%
Market Value
498M USD
Shares
10 630 572
James R. Scapa Declaration Of Trust
10 percent owner
Ownership
13.0396%
Market Value
489M USD
Shares
10 450 279
Jrs Investments Llc
10 percent owner
Ownership
8.499%
Market Value
319M USD
Shares
6 811 322
Christ Revocable Trust
10 percent owner
Ownership
7.0353%
Market Value
264M USD
Shares
5 638 291
Christ George J
10 percent owner
Ownership
7.0353%
Market Value
264M USD
Shares
5 638 291
Gc Investments Llc
10 percent owner
Ownership
6.169%
Market Value
232M USD
Shares
4 944 004
Brancheau James E
Director
Ownership
1.4262%
Market Value
53.5M USD
Shares
1 143 000
Dagg James
See Remarks
Ownership
1.3988%
Market Value
52.5M USD
Shares
1 121 051
Morof Howard N
Chief Financial Officer
Ownership
0.5134%
Market Value
19.3M USD
Shares
411 418
Perring Tom Mark
Chief Administrative Officer
Ownership
0.4722%
Market Value
17.7M USD
Shares
378 458
Nichols Martin E
Chief Information Officer
Ownership
0.2282%
Market Value
8.6M USD
Shares
182 920
Fariello Massimo Giuseppe
Chief Strategy Officer
Ownership
0.0774%
Market Value
2.9M USD
Shares
62 070
Earhart Stephen P
Director
Ownership
0.0748%
Market Value
2.8M USD
Shares
59 921
Schramm Uwe
Chief Vision Officer
Ownership
0.0685%
Market Value
2.6M USD
Shares
54 925
Brown Matthew Charles
Chief Financial Officer
Ownership
0.0573%
Market Value
2.2M USD
Shares
45 956
Maitra Raoul
Chief Legal Officer
Ownership
0.0522%
Market Value
2M USD
Shares
41 840
Siudara Andrea
Chief Information Officer
Ownership
0.0519%
Market Value
1.9M USD
Shares
41 562
Srikanth Mahalingam
Chief Technical Officer
Ownership
0.0486%
Market Value
1.8M USD
Shares
38 918
Kunju Ravi
Chief Product Strategy Officer
Ownership
0.0475%
Market Value
1.8M USD
Shares
38 092
Simon David L
Chief Administrative Officer
Ownership
0.0465%
Market Value
1.7M USD
Shares
37 288
Messano Amy
Chief Marketing Officer
Ownership
0.0463%
Market Value
1.7M USD
Shares
37 098
Dias Nelson
Chief Revenue Officer
Ownership
0.0444%
Market Value
1.7M USD
Shares
35 567
Saravia Gilma
Chief People Officer
Ownership
0.0352%
Market Value
1.3M USD
Shares
28 193
Chouinard Brett R
Chief Product and Strategy Officer
Ownership
0.035%
Market Value
1.3M USD
Shares
28 038
Hart Richard
Director
Ownership
0.0349%
Market Value
1.3M USD
Shares
27 987
Boyce Mary Cunningham
Director
Ownership
0.0323%
Market Value
1.2M USD
Shares
25 921
Brennan Jeffrey M
Chief Marketing Officer
Ownership
0.0323%
Market Value
1.2M USD
Shares
25 914
Gayle Brian
Chief Accounting Officer
Ownership
0.0283%
Market Value
1.1M USD
Shares
22 649
Kowal Jan
Director
Ownership
0.0262%
Market Value
983k USD
Shares
21 000
Harris Teresa A
Director
Ownership
0.0199%
Market Value
746k USD
Shares
15 921
Ayyar Shekar G
Director
Ownership
0.0127%
Market Value
476k USD
Shares
10 168
Anderson James Francis
Director
Ownership
0.0124%
Market Value
464k USD
Shares
9 908
Carter Sandra Ann
Director
Ownership
0.0101%
Market Value
378k USD
Shares
8 068
Buckner Stephanie
Chief Operating Officer
Ownership
0.0092%
Market Value
344k USD
Shares
7 350
Marraccini Jeffrey
Chief Information Security Officer
Ownership
0.003%
Market Value
112k USD
Shares
2 399
Institutions
56.41%
Back

ALTR Insider Trading
Buy and sell transactions by insiders

Altair Engineering Inc insiders have only sold shares in the past 12 months.

During the last 12 months Altair Engineering Inc insiders have not bought any shares, and sold 26.3M USD worth of shares. The last transaction was made on Nov 30, 2022 by Dias Nelson (Chief Revenue Officer), who sold 188k USD worth of ALTR shares.

Sold
0-3
months
4.1M USD
3
3-6
months
167k USD
2
6-9
months
1.3M USD
12
9-12
months
20.8M USD
5
Bought
0-3
months
0
0 USD
3-6
months
0
0 USD
6-9
months
0
0 USD
9-12
months
0
0 USD
Cumulative Transactions Amount
Period Sold Bought Net
3 Months
4.1M USD
N/A
-4.1M
6 Months
4.2M USD
N/A
-4.2M
9 Months
5.5M USD
N/A
-5.5M
12 Months
26.3M USD
N/A
-26.3M
Purchases
0
Sales
497
Why is insider trading important?

Shareholder Return

ALTR Price
Altair Engineering Inc

1M 1M
-5%
6M 6M
-15%
1Y 1Y
-37%
3Y 3Y
+43%
5Y 5Y
+109%
Annual Price Range
46.83
52w Low
43.93
52w High
77.32
Price Metrics
Average Annual Return 28.24%
Standard Deviation of Annual Returns 23.15%
Max Drawdown -46%

Company Profile

Altair Engineering Inc

Country

United States of America

Industry

Technology

Market Cap

3.8B USD

Dividend Yield

0%

Description

Altair Engineering, Inc. engages in the provision of software and cloud solutions for product design & development, high performance cloud computing, and data intelligence. The company is headquartered in Troy, Michigan and currently employs 2,800 full-time employees. The company went IPO on 2017-11-01. The firm operates through two segments: Software and Client Engineering Services. Its Software segment includes software and software related services, such as solvers and optimization technology products, high-performance computing software applications and hardware products, modeling and visualization tools, data analytics and analysis products, Internet of things (IoT) platform and analytics tools as well as support and the complementary software products that offer through its Altair Partner Alliance (APA). Its software-related services include consulting, implementation services, and training focused on product design and development and analysis from the component level up to complete product engineering. Its Client Engineering Services segment provides client engineering services to support its customers.

Contact

MICHIGAN
Troy
1820 E Big Beaver Rd
+12486142400.0
https://www.altair.com/

IPO

2017-11-01

Employees

2 800

Officers

Founder, Chairman & CEO
Mr. James R. Scapa
Chief Financial Officer
Mr. Matthew Charles Brown
Chief People Officer
Ms. Gilma Saravia
Exec. Officer
Dr. Uwe Schramm Ph.D.
Chief Operating Officer
Ms. Stephanie Buckner
Chief Accounting Officer
Mr. Brian Gayle
Show More
Chief Technology Officer
Mr. Srikanth Mahalingam
Sr. VP of Investor Relations
Mr. David L. Simon
Chief Legal Officer
Mr. Raoul Maitra
Chief Marketing Officer
Ms. Amy Messano
Show Less

See Also

Similar Stocks
What is the Intrinsic Value of one ALTR stock?

The intrinsic value of one ALTR stock under the Base Case scenario is 31.14 USD.

Is ALTR stock undervalued or overvalued?

Compared to the current market price of 46.83 USD, Altair Engineering Inc is Overvalued by 34%.