Altair Engineering’s (NASDAQ:ALTR) quiet period is set to end on Monday, December 11th. Altair Engineering had issued 12,000,000 shares in its initial public offering on November 1st. The total size of the offering was $156,000,000 based on an initial share price of $13.00. During the company’s quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

ALTR has been the topic of several analyst reports. J P Morgan Chase & Co initiated coverage on shares of Altair Engineering in a report on Monday, November 27th. They issued a “neutral” rating and a $25.00 price target on the stock. Canaccord Genuity initiated coverage on shares of Altair Engineering in a report on Monday, November 27th. They issued a “hold” rating and a $25.00 price target on the stock. William Blair initiated coverage on shares of Altair Engineering in a report on Monday, November 27th. They issued an “outperform” rating on the stock. Royal Bank Of Canada initiated coverage on shares of Altair Engineering in a report on Monday, November 27th. They issued a “sector perform” rating and a $26.00 price target on the stock. Finally, Deutsche Bank initiated coverage on shares of Altair Engineering in a report on Monday, November 27th. They issued a “buy” rating and a $28.00 price target on the stock. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $26.00.

Altair Engineering (ALTR) opened at $23.46 on Monday. The company has a quick ratio of 0.55, a current ratio of 0.56 and a debt-to-equity ratio of -1.46. Altair Engineering has a 1-year low of $16.55 and a 1-year high of $25.59.

Altair Engineering (NASDAQ:ALTR) last posted its quarterly earnings data on Thursday, November 30th. The semiconductor manufacturer reported ($0.59) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.63). The firm had revenue of $84.90 million for the quarter, compared to analyst estimates of $83.07 million. Altair Engineering’s quarterly revenue was up 8.7% compared to the same quarter last year. equities analysts forecast that Altair Engineering will post 0.22 EPS for the current year.

In other news, CEO James Ralph Scapa sold 1,734,996 shares of Altair Engineering stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $12.09, for a total transaction of $20,976,101.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Gc Investments Llc sold 800,000 shares of Altair Engineering stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $12.09, for a total transaction of $9,672,000.00. The disclosure for this sale can be found here. Insiders own 0.69% of the company’s stock.

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About Altair Engineering

Altair Engineering Inc is a United States-based software company. The Company is focused on developing engineering software and computing technologies. The Company’s products include HyperWorks, solidThinking, PBS Works, and Carriots. The Company offers a range of solutions such as product engineering, industrial design, and tailored solutions.

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