Is Altair Engineering Inc (NASDAQ: ALTR) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

ALTR belongs to the Technology sector of the NASDAQ while operating in the Software – Infrastructure industry. The current market capitalization of Altair Engineering Inc is $7.07B. A total of 0.67 million shares were traded on the day, compared to an average of 410.10K shares.

In the most recent transaction, Harris Teresa A sold 620 shares of ALTR for 82.89 per share on May 07 ’24. After the transaction, the Director now owns 18,895 company shares. In a previous transaction on Apr 09 ’24, Christ Revocable Trust sold 12,783 shares at 85.85 per share. ALTR shares that 10% Owner owns now total 187,217.

Among the insiders who sold shares, Christ George J disposed of 12,783 shares on Apr 09 ’24 at a per-share price of $85.85. This resulted in the 10% Owner holding 187,217 shares of ALTR after the transaction. In another insider transaction, Harris Teresa A sold 620 shares at $84.00 per share on Apr 02 ’24. Company shares held by the Director now total 18,895.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, ALTR has a high of $92.92 and a low of $57.59.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $9.19, while its Total Shareholder’s Equity was $613.98M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 4.00.

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