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Altair Announces Crown Point Technologies as U.S. and Europe Data Analytics and AI Reseller
PRNewswire (Thu, 5-Sep 7:00 AM ET)
PRNewswire (Wed, 21-Aug 3:00 AM ET)
Altair Responds to Matrix Capital Management Statement on Altair Holdings
Globe Newswire (Tue, 20-Aug 3:58 PM ET)
PRNewswire (Wed, 7-Aug 7:00 AM ET)
2024 Altair Enlighten Award Winners Announced
PRNewswire (Tue, 6-Aug 8:00 AM ET)
Altair Announces Second Quarter 2024 Financial Results
Globe Newswire (Thu, 1-Aug 4:05 PM ET)
PRNewswire (Wed, 31-Jul 7:00 AM ET)
Altair Announces Winner of the 2023-2024 Altair Global Student Contest
PRNewswire (Thu, 25-Jul 7:00 AM ET)
Altair Signs MoU with the University of Nottingham to Develop Aerospace Digital Twin Project
PRNewswire (Tue, 23-Jul 7:00 AM ET)
Altair Announces Date of Second Quarter 2024 Financial Results Conference Call
Globe Newswire (Thu, 18-Jul 4:05 PM ET)
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.
Altair Engineering - Class A trades on the NASDAQ stock market under the symbol ALTR.
As of September 20, 2024, ALTR stock price declined to $94.43 with 812,231 million shares trading.
ALTR has a beta of 1.68, meaning it tends to be more sensitive to market movements. ALTR has a correlation of 0.42 to the broad based SPY ETF.
ALTR has a market cap of $8.02 billion. This is considered a Mid Cap stock.
Last quarter Altair Engineering - Class A reported $149 million in Revenue and $.16 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.01.
In the last 3 years, ALTR stock traded as high as $101.39 and as low as $43.17.
The top ETF exchange traded funds that ALTR belongs to (by Net Assets): IJH, VTI, IWM, VB, VGT.
ALTR has outperformed the market in the last year with a price return of +47.7% while the SPY ETF gained +29.5%. However, in the short term, ALTR had mixed performance relative to the market. It has underperformed in the last 3 months, returning -4.0% vs +3.9% return in SPY. But in the last 2 weeks, ALTR shares have fared better than the market returning +9.8% compared to SPY +3.4%.
ALTR support price is $93.47 and resistance is $96.79 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ALTR stock will trade within this expected range on the day.