Q1 Earnings Estimate for ALTR Issued By Griffin Securities

Altair Engineering Inc. (NASDAQ:ALTR) – Analysts at Griffin Securities lifted their Q1 2025 earnings per share (EPS) estimates for Altair Engineering in a research note issued to investors on Sunday, November 3rd. Griffin Securities analyst J. Vleeschhouwer now expects that the software will earn $0.30 per share for the quarter, up from their prior forecast of $0.28. The consensus estimate for Altair Engineering’s current full-year earnings is $0.65 per share. Griffin Securities also issued estimates for Altair Engineering’s Q2 2025 earnings at $0.06 EPS and Q4 2025 earnings at $0.31 EPS.

Other equities analysts also recently issued research reports about the stock. JPMorgan Chase & Co. downgraded shares of Altair Engineering from an “overweight” rating to a “neutral” rating and set a $95.00 price target on the stock. in a report on Monday, July 15th. Royal Bank of Canada lifted their target price on shares of Altair Engineering from $90.00 to $113.00 and gave the company a “sector perform” rating in a research note on Thursday, October 31st. Wolfe Research lowered Altair Engineering from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 3rd. The Goldman Sachs Group downgraded Altair Engineering from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $85.00 to $71.00 in a research report on Friday, August 2nd. Finally, William Blair reaffirmed a “market perform” rating on shares of Altair Engineering in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $100.71.

Altair Engineering Stock Down 0.0 %

ALTR stock opened at $103.96 on Wednesday. The business’s 50-day moving average price is $95.45 and its 200-day moving average price is $92.17. The stock has a market cap of $8.83 billion, a P/E ratio of 273.59, a PEG ratio of 13.28 and a beta of 1.44. The company has a quick ratio of 3.27, a current ratio of 3.27 and a debt-to-equity ratio of 0.27. Altair Engineering has a twelve month low of $67.64 and a twelve month high of $113.12.

Hedge Funds Weigh In On Altair Engineering

A number of institutional investors and hedge funds have recently modified their holdings of ALTR. Matrix Capital Management Company LP lifted its position in Altair Engineering by 1.6% in the first quarter. Matrix Capital Management Company LP now owns 12,430,000 shares of the software’s stock worth $1,070,844,000 after buying an additional 196,826 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Altair Engineering by 3.2% in the first quarter. Vanguard Group Inc. now owns 5,944,285 shares of the software’s stock valued at $512,100,000 after acquiring an additional 182,840 shares during the period. Conestoga Capital Advisors LLC lifted its holdings in shares of Altair Engineering by 1.4% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 2,522,551 shares of the software’s stock worth $240,929,000 after acquiring an additional 33,985 shares during the last quarter. William Blair Investment Management LLC purchased a new position in shares of Altair Engineering during the 2nd quarter worth about $91,589,000. Finally, Bank of New York Mellon Corp grew its holdings in Altair Engineering by 121.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 569,109 shares of the software’s stock valued at $55,818,000 after purchasing an additional 312,448 shares during the last quarter. Hedge funds and other institutional investors own 63.38% of the company’s stock.

Insider Buying and Selling

In other Altair Engineering news, insider Jeffrey Marraccini sold 1,824 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $104.10, for a total transaction of $189,878.40. Following the completion of the transaction, the insider now owns 4,680 shares in the company, valued at $487,188. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Director Teresa A. Harris sold 620 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $104.10, for a total value of $64,542.00. Following the completion of the transaction, the director now owns 21,242 shares of the company’s stock, valued at approximately $2,211,292.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey Marraccini sold 1,824 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $104.10, for a total value of $189,878.40. Following the sale, the insider now directly owns 4,680 shares in the company, valued at $487,188. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 362,184 shares of company stock worth $35,679,887. Corporate insiders own 21.75% of the company’s stock.

Altair Engineering Company Profile

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.