The Question Is Whether To Buy Or Not To Buy Altair Engineering Inc (NASDAQ: ALTR)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

Altair Engineering Inc is listed on the NASDAQ as a member of the Technology sector and is a part of the Software – Infrastructure industry. The current market capitalization of Altair Engineering Inc is $9.18B. A total of 2.08 million shares were traded on the day, compared to an average of 924.55K shares.

In the most recent transaction, Dias Nelson sold 22,500 shares of ALTR for 106.23 per share on Dec 10 ’24. After the transaction, the Chief Revenue Officer now owns 48,437 company shares. In a previous transaction on Dec 10 ’24, Dias Nelson bought 22,500 shares at 106.17 per share.

Among the insiders who sold shares, Srikanth Mahalingam disposed of 1,298 shares on Dec 03 ’24 at a per-share price of $105.65. This resulted in the Chief Technology Officer holding 38,743 shares of ALTR after the transaction. In another insider transaction, Scapa James Ralph sold 16,095 shares at $105.65 per share on Dec 03 ’24. Company shares held by the Chief Executive Officer now total 117,950.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, ALTR has a high of $113.12 and a low of $73.33.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. ALTR’s latest balance sheet shows that the firm has $413.74M in Cash & Short Term Investments as of fiscal 2021. There were $229.19M in debt and $473.98M in liabilities at the time. Its Book Value Per Share was $9.85, while its Total Shareholder’s Equity was $613.98M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ALTR is Buy with a score of 3.00.

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