Goldman Sachs analyst Kash Rangan reiterated a Hold rating on Altair Engineering (ALTR – Research Report) yesterday. The company’s shares closed yesterday at $59.11.
Rangan covers the Technology sector, focusing on stocks such as Adobe, Microsoft, and Oracle. According to TipRanks, Rangan has an average return of 7.7% and a 56.69% success rate on recommended stocks.
Altair Engineering has an analyst consensus of Strong Buy, with a price target consensus of $77.43.
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ALTR market cap is currently $5.04B and has a P/E ratio of -106.17.
Based on the recent corporate insider activity of 127 insiders, corporate insider sentiment is neutral on the stock. Most recently, in August 2023, Maitra Raoul, the CLO of ALTR bought 4,000.00 shares for a total of $15,360.00.
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Altair Engineering (ALTR) Company Description:
Altair Engineering, Inc. engages in the provision of software and cloud solutions for product design & development, high performance cloud computing and data intelligence. It operates through the following segments: Software and Client Engineering Services. The Software segment includes a portfolio of software products; as well as solvers and optimization technology products, modelling and visualization tools. The Client Engineering Services segment engages in the provision of client engineering services to support customers with long-term, ongoing product design and development expertise. The company was founded by James R. Scapa in 1985 and is headquartered in Troy, MI.
Read More on ALTR:
- Altair to Present at the RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference
- Altair Announces Date of Third Quarter 2023 Financial Results Conference Call
- Altair Enhances Leadership in Optimization Technology by Acquiring OmniQuest
- Altair Engineering acquires OmniQuest, terms not disclosed
