Altair Engineering Stock (NASDAQ:ALTR), Trade Ideas

Altair Engineering

Altair Engineering Inc is a provider of enterprise-class engineering software enabling origination of the entire product lifecycle from concept design to in-service operation. The integrated suite of software provided by the company optimizes design performance across multiple disciplines encompassing structures, motion, fluids, thermal management, system modeling, and embedded systems. It operates through two segments: Software which includes the portfolio of software products such as solvers and optimization technology products, modeling and visualization tools, industrial and concept design tools, and others; and Client Engineering Services which provides client engineering services to support customers. Majority of its revenue comes from the software segment.

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Altair Engineering Inc. - Class A Common Stock

Altair Engineering Inc

Altra Industrial Motion Corp Com

Altri SGPS SA

Altria Group Inc

Altrius Global Dividend ETF

Christ Revocable Trust, 10% Owner at Altair Engineering (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALTR#NASDAQ">ALTR</a>), reported an insider sell on May 9, according to a new SEC filing. 
What Happened: Trust's recent Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001701732/000112760224014867//Archives/edgar/data/1701732/000112760224014867/0001127602-24-014867-index.htm">U.S. Securities and Exchange Commission</a> on Thursday unveiled the sale of 87,217 shares of Altair Engineering. The total transaction value is $7,423,855.
Monitoring the market, Altair Engineering's shares up by 0.25% at $85.89 during Friday's morning.
<h3>Discovering Altair Engineering: A Closer Look</h3>
Altair Engineering Inc is a provider of enterprise-class engineering software enabling origination of the entire product lifecycle from concept design to in-service operation. The integrated suite of software provided by the company optimizes design performance across multiple disciplines encompassing structures, motion, fluids, thermal management, system modeling, and embedded systems. It operates through two segments: Software which includes the portfolio of software products such as solvers and optimization technology products, modeling and visualization tools, industrial and concept design tools, and others; and Client Engineering Services which provides client engineering services to support customers. Majority of its revenue comes from the software segment.
<h3>Altair Engineering's Economic Impact: An Analysis</h3>
Positive Revenue Trend: Examining Altair Engineering's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 4.14% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Key Profitability Indicators:
<ul>
<li>
Gross Margin: With a high gross margin of 82.13%, the company demonstrates effective cost control and strong profitability relative to its peers.
</li>
<li>
Earnings per Share (EPS): Altair Engineering's EPS is below the industry average. The company faced challenges with a current EPS of 0.2. This suggests a potential decline in earnings.
</li>
</ul>
Debt Management: Altair Engineering's debt-to-equity ratio is below the industry average. With a ratio of 0.44, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Exploring Valuation Metrics Landscape:
<ul>
<li>
Price to Earnings (P/E) Ratio: Altair Engineering's stock is currently priced at a premium level, as reflected in the higher-than-average P/E ratio of 778.82.
</li>
<li>
Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 11.48, Altair Engineering's stock is perceived as being overvalued in the market, particularly in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 93.39 is above the industry average, suggesting that the market values the company more highly for each unit of EBITDA. This could be attributed to factors such as strong growth prospects or superior operational efficiency.
</li>
</ul>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
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<h3>Navigating the Impact of Insider Transactions on Investments</h3>
Insider transactions are not the sole determinant of investment choices, but they are a factor worth considering.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>A Closer Look at Important Transaction Codes</h3>
When it comes to transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S indicates a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001701732">Check Out The Full List Of Altair Engineering's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Sell Alert: Christ Revocable Trust Cashes Out $7.42M In Altair Engineering Stock

Disclosed on May 9, George J Christ, 10% Owner at Altair Engineering (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALTR#NASDAQ">ALTR</a>), executed a substantial insider sell as per the latest SEC filing.
What Happened: According to a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001701732/000112760224014869//Archives/edgar/data/1701732/000112760224014869/0001127602-24-014869-index.htm">U.S. Securities and Exchange Commission</a> on Thursday, Christ sold 87,217 shares of Altair Engineering. The total transaction value is $7,423,855.
During Friday's morning session, Altair Engineering shares down by 0.0%, currently priced at $85.68.
<h3>About Altair Engineering</h3>
Altair Engineering Inc is a provider of enterprise-class engineering software enabling origination of the entire product lifecycle from concept design to in-service operation. The integrated suite of software provided by the company optimizes design performance across multiple disciplines encompassing structures, motion, fluids, thermal management, system modeling, and embedded systems. It operates through two segments: Software which includes the portfolio of software products such as solvers and optimization technology products, modeling and visualization tools, industrial and concept design tools, and others; and Client Engineering Services which provides client engineering services to support customers. Majority of its revenue comes from the software segment.
<h3>Altair Engineering: Financial Performance Dissected</h3>
Revenue Growth: Over the 3 months period, Altair Engineering showcased positive performance, achieving a revenue growth rate of 4.14% as of 31 March, 2024. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Analyzing Profitability Metrics:
<ul>
<li>
Gross Margin: The company excels with a remarkable gross margin of 82.13%, indicating superior cost efficiency and profitability compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): With an EPS below industry norms, Altair Engineering exhibits below-average bottom-line performance with a current EPS of 0.2.
</li>
</ul>
Debt Management: Altair Engineering's debt-to-equity ratio is below the industry average at 0.44, reflecting a lower dependency on debt financing and a more conservative financial approach.
Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: Altair Engineering's stock is currently priced at a premium level, as reflected in the higher-than-average P/E ratio of 778.82.
</li>
<li>
Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 11.48, Altair Engineering's stock is perceived as being overvalued in the market, particularly in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): A high EV/EBITDA ratio of 93.39 reflects market recognition of Altair Engineering's value, positioning it as more highly valued compared to industry peers.
</li>
</ul>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
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<h3>Understanding the Significance of Insider Transactions</h3>
Insider transactions are not the sole determinant of investment choices, but they are a factor worth considering.
From a legal standpoint, the term "insider" pertains to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as outlined in Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and significant hedge funds. These insiders are mandated to inform the public of their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
A company insider's new purchase is a indicator of their positive anticipation for a rise in the stock.
While insider sells may not necessarily reflect a bearish view and can be motivated by various factors.
<h3>Unlocking the Meaning of Transaction Codes</h3>
When dissecting transactions, the focal point for <a href="https://www.benzinga.com/money/investing-tools">investors</a> is often those occurring in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001701732">Check Out The Full List Of Altair Engineering's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Decision: George J Christ Offloads $7.42M Worth Of Altair Engineering Stock

Rosenblatt analyst Blair Abernethy maintains Altair Engineering (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALTR#NASDAQ">ALTR</a>) with a Neutral and maintains $88 price target.

Rosenblatt Maintains Neutral on Altair Engineering, Maintains $88 Price Target

Needham analyst Charles Shi reiterates Altair Engineering (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALTR#NASDAQ">ALTR</a>) with a Buy and maintains $100 price target.

Reiteration

Needham Reiterates Buy on Altair Engineering, Maintains $100 Price Target

Guidance

Altair Engineering Sees FY24 Revenue $652M-$662M Vs $667.198M Est.

Altair Engineering Sees Q2 2024 Revenue $145M-$148M Vs $155.068 Est.

Altair Engineering (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALTR#NASDAQ">ALTR</a>) reported quarterly earnings of $0.40 per share which beat the analyst consensus estimate of $0.34 by 17.65 percent. The company reported quarterly sales of $172.900 million which beat the analyst consensus estimate of $169.276 million by 2.14 percent. This is a 4.14 percent increase over sales of $166.034 million the same period last year.

Earnings

Earnings Beats

Altair Engineering Q1 2024 Adj EPS $0.40 Beats $0.34 Estimate, Sales $172.900M Beat $169.276M Estimate

Altair Announced The Acquisition Of Research In Flight For An Undisclosed Amount

Analysts' ratings for Altair Engineering (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALTR#NASDAQ">ALTR</a>) over the last quarter vary from bullish to bearish, as provided by 7 analysts.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $93.0, with a high estimate of $100.00 and a low estimate of $88.00. This current average reflects an increase of 8.45% from the previous average price target of $85.75. 
<img src="https://www.benzinga.com/files/images/story/2024/1714395635_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The standing of Altair Engineering among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Blair Abernethy</td>
<td>Rosenblatt</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$88.00</td>
<td>$88.00</td>
</tr>
<tr>
<td>Stephen Tusa</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$95.00</td>
<td>$86.00</td>
</tr>
<tr>
<td>Charles Shi</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$100.00</td>
<td>-</td>
</tr>
<tr>
<td>Matthew Hedberg</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$90.00</td>
<td>-</td>
</tr>
<tr>
<td>Matthew Hedberg</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$90.00</td>
<td>-</td>
</tr>
<tr>
<td>Ken Wong</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$100.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Blair Abernethy</td>
<td>Rosenblatt</td>
<td>Raises</td>
<td>Neutral</td>
<td>$88.00</td>
<td>$74.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Altair Engineering. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Altair Engineering compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Altair Engineering's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Altair Engineering's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/ALTR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Altair Engineering analyst ratings.</a>
<h2>Unveiling the Story Behind Altair Engineering</h2>
Altair Engineering Inc is a provider of enterprise-class engineering software enabling origination of the entire product lifecycle from concept design to in-service operation. The integrated suite of software provided by the company optimizes design performance across multiple disciplines encompassing structures, motion, fluids, thermal management, system modeling, and embedded systems. It operates through two segments: Software which includes the portfolio of software products such as solvers and optimization technology products, modeling and visualization tools, industrial and concept design tools, and others; and Client Engineering Services which provides client engineering services to support customers. Majority of its revenue comes from the software segment.
<h3>Key Indicators: Altair Engineering's Financial Health</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Over the 3 months period, Altair Engineering showcased positive performance, achieving a revenue growth rate of 6.9% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Altair Engineering's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 11.47%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Altair Engineering's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.92% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Altair Engineering's ROA stands out, surpassing industry averages. With an impressive ROA of 1.5%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Altair Engineering's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.48, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>Analyst Ratings: Simplified</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

In-Depth Examination Of 7 Analyst Recommendations For Altair Engineering

Altair Acquires Cambridge Semantics; Terms Not Disclosed

JP Morgan analyst Stephen Tusa maintains Altair Engineering (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALTR#NASDAQ">ALTR</a>) with a Overweight and raises the price target from $86 to $95.

JP Morgan Maintains Overweight on Altair Engineering, Raises Price Target to $95

4 analysts have expressed a variety of opinions on Altair Engineering (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALTR#NASDAQ">ALTR</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $92.0, a high estimate of $100.00, and a low estimate of $88.00. Marking an increase of 8.88%, the current average surpasses the previous average price target of $84.50. 
<img src="https://www.benzinga.com/files/images/story/2024/1711036818_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
A comprehensive examination of how financial experts perceive Altair Engineering is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Matthew Hedberg</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$90.00</td>
<td>-</td>
</tr>
<tr>
<td>Matthew Hedberg</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$90.00</td>
<td>-</td>
</tr>
<tr>
<td>Ken Wong</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$100.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Blair Abernethy</td>
<td>Rosenblatt</td>
<td>Raises</td>
<td>Neutral</td>
<td>$88.00</td>
<td>$74.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Altair Engineering. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Altair Engineering compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Altair Engineering's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Altair Engineering's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/ALTR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Altair Engineering analyst ratings.</a>
<h2>Get to Know Altair Engineering Better</h2>
Altair Engineering Inc is a provider of enterprise-class engineering software enabling origination of the entire product lifecycle from concept design to in-service operation. The integrated suite of software provided by the company optimizes design performance across multiple disciplines encompassing structures, motion, fluids, thermal management, system modeling, and embedded systems. It operates through two segments: Software which includes the portfolio of software products such as solvers and optimization technology products, modeling and visualization tools, industrial and concept design tools, and others; and Client Engineering Services which provides client engineering services to support customers. Majority of its revenue comes from the software segment.
<h3>Altair Engineering's Financial Performance</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Altair Engineering's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 6.9% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Altair Engineering's net margin is impressive, surpassing industry averages. With a net margin of 11.47%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Altair Engineering's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 2.92%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Altair Engineering's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.5% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: With a high debt-to-equity ratio of 0.48, Altair Engineering faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Assessing Altair Engineering: Insights From 4 Financial Analysts

RBC Capital analyst Matthew Hedberg reiterates Altair Engineering (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALTR#NASDAQ">ALTR</a>) with a Sector Perform and maintains $90 price target.

RBC Capital Reiterates Sector Perform on Altair Engineering, Maintains $90 Price Target

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/01/24</td>
<td>$185.00</td>
<td>$26.3K</td>
<td>14.4K</td>
<td>79.9K</td>
</tr>
<tr>
<td>NVDA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/01/24</td>
<td>$790.00</td>
<td>$30.7K</td>
<td>6.2K</td>
<td>30.8K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/01/24</td>
<td>$900.00</td>
<td>$25.4K</td>
<td>3.0K</td>
<td>13.4K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/01/24</td>
<td>$26.00</td>
<td>$26.4K</td>
<td>3.5K</td>
<td>12.0K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/15/24</td>
<td>$90.00</td>
<td>$26.0K</td>
<td>19.9K</td>
<td>4.1K</td>
</tr>
<tr>
<td>KVYO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/15/24</td>
<td>$30.00</td>
<td>$40.0K</td>
<td>737</td>
<td>3.5K</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$200.00</td>
<td>$52.1K</td>
<td>2.4K</td>
<td>1.4K</td>
</tr>
<tr>
<td>ASAN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/08/24</td>
<td>$19.50</td>
<td>$36.0K</td>
<td>6</td>
<td>1.2K</td>
</tr>
<tr>
<td>RIOT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$30.00</td>
<td>$45.4K</td>
<td>561</td>
<td>921</td>
</tr>
<tr>
<td>ALTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$60.00</td>
<td>$85.4K</td>
<td>270</td>
<td>830</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on March 1, 2024. Parties traded 56 contract(s) at a $185.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $26.3K, with a price of $470.0 per contract. There were 14482 open contracts at this strike prior to today, and today 79909 contract(s) were bought and sold. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a put option sweep that happens to be bullish, expiring in 1 day(s) on March 1, 2024. This event was a transfer of 42 contract(s) at a $790.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $30.7K, with a price of $730.0 per contract. There were 6293 open contracts at this strike prior to today, and today 30893 contract(s) were bought and sold. 
• Regarding SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we observe a call option trade with bullish sentiment. It expires in 1 day(s) on March 1, 2024. Parties traded 40 contract(s) at a $900.00 strike. The total cost received by the writing party (or parties) was $25.4K, with a price of $635.0 per contract. There were 3082 open contracts at this strike prior to today, and today 13488 contract(s) were bought and sold. 
• For MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we notice a call option sweep that happens to be bearish, expiring in 1 day(s) on March 1, 2024. This event was a transfer of 294 contract(s) at a $26.00 strike. This particular call needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $26.4K, with a price of $90.0 per contract. There were 3542 open contracts at this strike prior to today, and today 12059 contract(s) were bought and sold. 
• For MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we notice a call option sweep that happens to be bearish, expiring in 15 day(s) on March 15, 2024. This event was a transfer of 110 contract(s) at a $90.00 strike. This particular call needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $26.0K, with a price of $237.0 per contract. There were 19978 open contracts at this strike prior to today, and today 4159 contract(s) were bought and sold. 
• For KVYO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KVYO#NYSE">KVYO</a>), we notice a call option trade that happens to be bullish, expiring in 15 day(s) on March 15, 2024. This event was a transfer of 1000 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $40.0K, with a price of $40.0 per contract. There were 737 open contracts at this strike prior to today, and today 3560 contract(s) were bought and sold. 
• For SNOW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), we notice a call option sweep that happens to be bullish, expiring in 78 day(s) on May 17, 2024. This event was a transfer of 49 contract(s) at a $200.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $52.1K, with a price of $1065.0 per contract. There were 2455 open contracts at this strike prior to today, and today 1493 contract(s) were bought and sold. 
• Regarding ASAN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASAN#NYSE">ASAN</a>), we observe a put option trade with bearish sentiment. It expires in 8 day(s) on March 8, 2024. Parties traded 600 contract(s) at a $19.50 strike. The total cost received by the writing party (or parties) was $36.0K, with a price of $60.0 per contract. There were 6 open contracts at this strike prior to today, and today 1201 contract(s) were bought and sold. 
• Regarding RIOT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>), we observe a call option sweep with bullish sentiment. It expires in 204 day(s) on September 20, 2024. Parties traded 188 contract(s) at a $30.00 strike. This particular call needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $45.4K, with a price of $242.0 per contract. There were 561 open contracts at this strike prior to today, and today 921 contract(s) were bought and sold. 
• For ALTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALTR#NASDAQ">ALTR</a>), we notice a call option sweep that happens to be bullish, expiring in 141 day(s) on July 19, 2024. This event was a transfer of 32 contract(s) at a $60.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $85.4K, with a price of $2670.0 per contract. There were 270 open contracts at this strike prior to today, and today 830 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

ASAN

KVYO

NVDA

RIOT

SMCI

SNOW

10 Information Technology Stocks With Whale Alerts In Today's Session

In the latest quarter, 4 analysts provided ratings for Altair Engineering (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALTR#NASDAQ">ALTR</a>), showcasing a mix of bullish and bearish perspectives.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $91.0, a high estimate of $100.00, and a low estimate of $86.00. Observing a 7.69% increase, the current average has risen from the previous average price target of $84.50. 
<img src="https://www.benzinga.com/files/images/story/2024/1708718419_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Altair Engineering. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Matthew Hedberg</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$90.00</td>
<td>-</td>
</tr>
<tr>
<td>Ken Wong</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$100.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Blair Abernethy</td>
<td>Rosenblatt</td>
<td>Raises</td>
<td>Neutral</td>
<td>$88.00</td>
<td>$74.00</td>
</tr>
<tr>
<td>Stephen Tusa</td>
<td>JP Morgan</td>
<td>Announces</td>
<td>Overweight</td>
<td>$86.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Altair Engineering. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Altair Engineering compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Altair Engineering's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Altair Engineering's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/ALTR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Altair Engineering analyst ratings.</a>
<h2>Unveiling the Story Behind Altair Engineering</h2>
Altair Engineering Inc is a provider of enterprise-class engineering software enabling origination of the entire product lifecycle from concept design to in-service operation. The integrated suite of software provided by the company optimizes design performance across multiple disciplines encompassing structures, motion, fluids, thermal management, system modeling, and embedded systems. It operates through two segments: Software which includes the portfolio of software products such as solvers and optimization technology products, modeling and visualization tools, industrial and concept design tools, and others; and Client Engineering Services which provides client engineering services to support customers. Majority of its revenue comes from the software segment.
<h3>Altair Engineering: Delving into Financials</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Altair Engineering's remarkable performance in 3 months is evident. As of 30 September, 2023, the company achieved an impressive revenue growth rate of 12.28%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Altair Engineering's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -3.26%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Altair Engineering's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -0.7%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Altair Engineering's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -0.35%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: With a high debt-to-equity ratio of 0.54, Altair Engineering faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>The Significance of Analyst Ratings Explained</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Expectations For Altair Engineering's Future

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>Jefferies cut the price target for ModivCare Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/modv#NASDAQ">MODV</a>) from $60 to $39. Jefferies analyst Brian Tanquilut downgraded the stock from Buy to Hold. ModivCare shares fell 2.8% to close at $43.87 on Thursday. <a href="https://www.benzinga.com/quote/MODV/analyst-ratings">See how other analysts view this stock.</a></li>
<li>UBS slashed Rivian Automotive, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rivn#NASDAQ">RIVN</a>) price target from $24 to $8. UBS analyst Joseph Spak downgraded the stock from Buy to Sell. Rivian Automotive shares dipped 25.6% to close at $11.45 on Thursday. <a href="https://www.benzinga.com/quote/RIVN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan lowered the price target for Penumbra, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pen#NYSE">PEN</a>) from $284 to $250. JP Morgan analyst Robbie Marcus downgraded the stock from Overweight to Neutral. Penumbra shares rose 1.7% to close at $262.68 on Thursday. <a href="https://www.benzinga.com/quote/PEN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B. Riley Securities lowered Applied Optoelectronics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aaoi#NASDAQ">AAOI</a>) price target from $22 to $16. B. Riley Securities analyst David Kang downgraded the stock from Buy to Neutral. Applied Optoelectronics shares gained 6% to close at $20.35 on Thursday. <a href="https://www.benzinga.com/quote/AAOI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Piper Sandler increased the price target for Intuit Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/intu#NASDAQ">INTU</a>) from $642 to $750. Piper Sandler analyst Arvind Ramnani maintained an Overweight rating. Intuit shares gained 3.1% to close at $657.92 on Thursday. <a href="https://www.benzinga.com/quote/INTU/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Telsey Advisory Group boosted the price target for Floor &amp; Decor Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fnd#NYSE">FND</a>) from $95 to $110. Telsey Advisory Group analyst Joseph Feldman maintained a Market Perform rating. Floor &amp; Decor shares gained 3.9% to close at $113.53 on Thursday. <a href="https://www.benzinga.com/quote/FND/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham cut Bel Fuse Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/belfb#NASDAQ">BELFB</a>) price target from $77 to $70. Needham analyst James Ricchiuti maintained a Buy rating. Bel Fuse shares fell 28.7% to close at $50.02 on Thursday. <a href="https://www.benzinga.com/quote/BELFB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Canaccord Genuity boosted Q2 Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/qtwo#NYSE">QTWO</a>) price target from $40 to $55. Canaccord Genuity analyst Joseph Vafi maintained a Buy rating. Q2 Holdings shares gained 9.9% to close at $45.98 on Thursday. <a href="https://www.benzinga.com/quote/QTWO/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Citigroup boosted Fox Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/foxa#NASDAQ">FOXA</a>) price target from $34 to $35. Citigroup analyst Jason Bazinet upgraded the stock from Neutral to Buy. Fox shares fell 0.3% to close at $29.85 on Thursday. <a href="https://www.benzinga.com/quote/FOXA/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Rosenblatt raised Altair Engineering Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/altr#NASDAQ">ALTR</a>) price target from $74 to $88. Rosenblatt analyst Blair Abernethy downgraded the stock from Buy to Neutral. Altair Engineering shares gained 3.4% to close at $89.86 on Thursday. <a href="https://www.benzinga.com/quote/ALTR/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
&nbsp;
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Rosenblatt analyst Blair Abernethy downgrades Altair Engineering (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALTR#NASDAQ">ALTR</a>) from Buy to Neutral and raises the price target from $74 to $88.

Downgrades

Rosenblatt Downgrades Altair Engineering to Neutral, Raises Price Target to $88

Altair Engineering Non-GAAP EPS of $0.40 beats by $0.05, revenue of $172.91M beats by $2.69M

Altair Engineering Inc. 2024 Q1 - Results - Earnings Call Presentation

Altair Engineering Inc. (ALTR) Q1 2024 Earnings Call Transcript

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Altair Engineering (NASDAQ:<a href="https://investorplace.com/stock-quotes/altr-stock-quote/">ALTR</a>) just reported results for the first quarter of 2024.<ul><li>Altair Engineering reported earnings per share of 40 cents. This was above the analyst estimate for EPS of 34 cents.</li><li>The company reported revenue of $172.91 million.</li><li>This was 2.15% better than the analyst estimate for revenue of $169.28 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT771236">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
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						<a href="https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&amp;eid=MKT793997">It doesn&rsquo;t matter if you have $500 or $5 million. Do this now.</a>
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	The post <a href="https://investorplace.com/earning-results/2024/05/altr-stock-earnings-altair-engineering-for-q1-of-2024/">ALTR Stock Earnings: Altair Engineering Beats EPS, Beats Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

ALTR Stock Earnings: Altair Engineering Beats EPS, Beats Revenue for Q1 2024

Analysts have been eager to weigh in on the Technology sector with new ratings on Workiva (WK – Research Report), Altair Engineering (ALTR – Resear...

Analysts Conflicted on These Technology Names: Workiva (WK), Altair Engineering (ALTR) and Infineon Technologies AG (OtherIFNNF)

In a report released today, Kash Rangan from Goldman Sachs reiterated a Hold rating on Altair Engineering (ALTR – Research Report), with a price ta...

Altair Engineering: Hold Rating Amidst Strong Q1 Performance and Strategic Verticalization Despite Macroeconomic Uncertainties

Analysts have been eager to weigh in on the Technology sector with new ratings on Grid Dynamics Holdings (GDYN – Research Report), Block (SQ – Rese...

Analysts Offer Insights on Technology Companies: Grid Dynamics Holdings (GDYN), Block (SQ) and Altair Engineering (ALTR)

There's a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Altair Engineering (ALTR – Research Report), Fortine...

Analysts Are Bullish on Top Technology Stocks: Altair Engineering (ALTR), Fortinet (FTNT)

In a report released today, Mark Schappel from Loop Capital Markets reiterated a Buy rating on Altair Engineering (ALTR – Research Report), with a ...

Altair Engineering (ALTR) Receives a Buy from Loop Capital Markets

Oppenheimer analyst Kenneth Wong maintained a Buy rating on Altair Engineering (ALTR – Research Report) today and set a price target of $100.00. Th...

Oppenheimer Keeps Their Buy Rating on Altair Engineering (ALTR)

FTNT

GDYN

IFNNF

Press Releases

Altair to Showcase AI-Powered Engineering Capabilities at Hannover Messe 2024

Altair Acquires Cambridge Semantics, Powering Next-Generation Enterprise Data Fabrics and Generative AI