Griffin Securities Has Strong Forecast for ALTR Q1 Earnings

Altair Engineering Inc. (NASDAQ:ALTR - Free Report) - Equities researchers at Griffin Securities upped their Q1 2025 earnings per share estimates for shares of Altair Engineering in a research report issued on Sunday, November 3rd. Griffin Securities analyst J. Vleeschhouwer now forecasts that the software will earn $0.30 per share for the quarter, up from their prior estimate 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.

ALTR has been the topic of several other reports. The Goldman Sachs Group lowered shares of Altair Engineering from a "neutral" rating to a "sell" rating and decreased their price objective for the stock from $85.00 to $71.00 in a report on Friday, August 2nd. Rosenblatt Securities lifted their price objective on Altair Engineering from $88.00 to $113.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Wolfe Research downgraded Altair Engineering from a "strong-buy" rating to a "hold" rating in a report on Sunday. Needham & Company LLC restated a "hold" rating and set a $100.00 target price on shares of Altair Engineering in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. lowered shares of Altair Engineering from an "overweight" rating to a "neutral" rating and set a $95.00 price target on the stock. in a research note on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $100.71.

Altair Engineering Trading Down 0.5 %

NASDAQ ALTR traded down $0.53 during trading hours on Wednesday, reaching $103.99. The company had a trading volume of 3,734,349 shares, compared to its average volume of 549,976. The company has a current ratio of 3.27, a quick ratio of 3.27 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $8.83 billion, a P/E ratio of 275.05, a price-to-earnings-growth ratio of 13.28 and a beta of 1.44. The stock has a 50-day moving average of $94.86 and a 200 day moving average of $92.01. Altair Engineering has a 1-year low of $66.51 and a 1-year high of $113.12.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Blue Trust Inc. boosted its stake in Altair Engineering by 572.1% in the third quarter. Blue Trust Inc. now owns 289 shares of the software's stock valued at $28,000 after acquiring an additional 246 shares in the last quarter. GAMMA Investing LLC grew its stake in Altair Engineering by 81.7% during the 2nd quarter. GAMMA Investing LLC now owns 418 shares of the software's stock worth $41,000 after buying an additional 188 shares during the last quarter. FSC Wealth Advisors LLC increased its position in Altair Engineering by 41.3% during the second quarter. FSC Wealth Advisors LLC now owns 832 shares of the software's stock worth $82,000 after buying an additional 243 shares during the period. Van ECK Associates Corp lifted its stake in Altair Engineering by 41.7% in the second quarter. Van ECK Associates Corp now owns 1,057 shares of the software's stock valued at $104,000 after buying an additional 311 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of Altair Engineering by 17.9% in the third quarter. KBC Group NV now owns 1,640 shares of the software's stock valued at $157,000 after acquiring an additional 249 shares during the period. 63.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Teresa A. Harris sold 620 shares of the firm's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $104.10, for a total value of $64,542.00. Following the sale, the director now directly owns 21,242 shares in the company, valued at approximately $2,211,292.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Altair Engineering news, major shareholder Christ Revocable Trust sold 100,000 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $106.57, for a total value of $10,657,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Teresa A. Harris sold 620 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 $64,542.00. Following the sale, the director now directly owns 21,242 shares in the company, valued at approximately $2,211,292.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 360,360 shares of company stock worth $35,490,008. Company insiders own 21.75% of the company's stock.

About Altair Engineering

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.