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The price of Altair Engineering Inc (NASDAQ: ALTR) closed at $111.67 in the last session, up 0.21% from day before closing price of $111.44. In other words, the price has increased by $0.21 from its previous closing price. On the day, 1.09 million shares were traded. ALTR stock price reached its highest trading level at $111.745 during the session, while it also had its lowest trading level at $111.33.
Ratios:
We take a closer look at ALTR’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 17.05 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 68.43. For the most recent quarter (mrq), Quick Ratio is recorded 1.60 and its Current Ratio is at 1.60. In the meantime, Its Debt-to-Equity ratio is 0.30 whereas as Long-Term Debt/Eq ratio is at 0.03.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Goldman on August 02, 2024, Downgraded its rating to Sell and sets its target price to $71 from $85 previously.
On July 15, 2024, JP Morgan Downgraded its rating to Neutral which previously was Overweight but kept the price unchanged to $95.
Rosenblatt Downgraded its Buy to Neutral on February 23, 2024, whereas the target price for the stock was revised from $74 to $88.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 17 ’25 when Scapa James Ralph sold 9 shares for $111.30 per share. The transaction valued at 1,002 led to the insider holds 1,184 shares of the business.
Marraccini Jeffrey sold 90 shares of ALTR for $10,017 on Mar 17 ’25. The insider now owns 5,462 shares after completing the transaction at $111.30 per share. On Mar 17 ’25, another insider, Dias Nelson, who serves as the Chief Revenue Officer of the company, sold 1,671 shares for $111.30 each. As a result, the insider received 185,982 and left with 55,411 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ALTR now has a Market Capitalization of 9580704768 and an Enterprise Value of 9277930496. As of this moment, Altair’s Price-to-Earnings (P/E) ratio for their current fiscal year is 673.93, and their Forward P/E ratio for the next fiscal year is 67.88. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.39 while its Price-to-Book (P/B) ratio in mrq is 11.15. Its current Enterprise Value per Revenue stands at 13.935 whereas that against EBITDA is 153.799.
Stock Price History:
The Beta on a monthly basis for ALTR is 1.35, which has changed by 0.28652072 over the last 52 weeks, in comparison to a change of 0.08275449 over the same period for the S&P500. Over the past 52 weeks, ALTR has reached a high of $113.12, while it has fallen to a 52-week low of $75.71. The 50-Day Moving Average of the stock is 0.76%, while the 200-Day Moving Average is calculated to be 11.38%.
Shares Statistics:
According to the various share statistics, ALTR traded on average about 790.57K shares per day over the past 3-months and 854540 shares per day over the past 10 days. A total of 60.18M shares are outstanding, with a floating share count of 59.35M. Insiders hold about 30.83% of the company’s shares, while institutions hold 62.59% stake in the company. Shares short for ALTR as of 1740700800 were 4920766 with a Short Ratio of 6.22, compared to 1738281600 on 4061754. Therefore, it implies a Short% of Shares Outstanding of 4920766 and a Short% of Float of 12.379999999999999.
