What is Griffin Securities’ Estimate for ALTR Q1 Earnings?

Altair Engineering Inc. (NASDAQ:ALTR) – Analysts at Griffin Securities increased their Q1 2025 earnings estimates for shares of Altair Engineering in a research report issued to clients and investors on Sunday, November 3rd. Griffin Securities analyst J. Vleeschhouwer now anticipates that the software will earn $0.30 per share for the quarter, up from their previous forecast 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 a number of other reports. William Blair reaffirmed a “market perform” rating on shares of Altair Engineering in a research note on Thursday, October 31st. Needham & Company LLC reissued a “hold” rating and issued a $100.00 price target on shares of Altair Engineering in a research note on Thursday, October 31st. Royal Bank of Canada boosted their price target on shares of Altair Engineering from $90.00 to $113.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 31st. Wolfe Research downgraded shares of Altair Engineering from a “strong-buy” rating to a “hold” rating in a report on Sunday. Finally, Rosenblatt Securities raised their target price on shares of Altair Engineering from $88.00 to $113.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $100.71.

Altair Engineering Price Performance

Altair Engineering stock opened at $103.99 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 3.27 and a current ratio of 3.27. The company’s fifty day moving average price is $94.86 and its 200 day moving average price is $92.01. The stock has a market capitalization of $8.83 billion, a P/E ratio of 275.05, a P/E/G ratio of 13.28 and a beta of 1.44. Altair Engineering has a 1 year low of $66.51 and a 1 year high of $113.12.

Institutional Investors Weigh In On Altair Engineering

Institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC grew its position in Altair Engineering by 52.2% in the 3rd quarter. GAMMA Investing LLC now owns 636 shares of the software’s stock valued at $61,000 after acquiring an additional 218 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Altair Engineering by 5,564.8% in the first quarter. Russell Investments Group Ltd. now owns 31,043 shares of the software’s stock valued at $2,676,000 after purchasing an additional 30,495 shares in the last quarter. Moody Aldrich Partners LLC increased its stake in Altair Engineering by 15.2% during the 3rd quarter. Moody Aldrich Partners LLC now owns 75,233 shares of the software’s stock worth $7,186,000 after buying an additional 9,907 shares during the period. Linden Thomas Advisory Services LLC acquired a new stake in Altair Engineering during the 2nd quarter worth approximately $629,000. Finally, Jane Street Group LLC boosted its position in Altair Engineering by 960.2% in the 1st quarter. Jane Street Group LLC now owns 303,672 shares of the software’s stock valued at $26,161,000 after buying an additional 275,030 shares during the period. Hedge funds and other institutional investors own 63.38% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Jrs Investments Llc sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $89.04, for a total value of $578,760.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, major shareholder Jrs Investments Llc sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $89.04, for a total transaction of $578,760.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Christ Revocable Trust sold 100,000 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $106.57, for a total transaction of $10,657,000.00. The disclosure for this sale can be found here. Insiders have sold 360,360 shares of company stock valued at $35,490,008 over the last ninety days. Company insiders own 21.75% of the company’s stock.

Altair Engineering Company Profile

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.