Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Altair Engineering, Inc. recently reported their performance for the second quarter of 2024, presenting a mix of positive developments and ongoing strategic initiatives.</li><li>The company delivered total quarterly revenue of $148.8 million, with software revenue accounting for $135.4 million, both numbers exceeding the high end of their guidance.</li><li>The robust growth in software revenue, which increased by 10.6% on a constant currency basis, highlights the strong demand for Altair's technological solutions across various sectors, particularly aerospace and defense.</li></ul>

Altair Engineering, Inc. recently reported their performance for the second quarter of 2024, presenting a mix of positive developments and ongoing strategic initiatives.The company delivered total quarterly revenue of $148.8 million, with software revenue accounting for $135.4 million, both numbers exceeding the high end of their guidance.The robust growth in software revenue, which increased by 10.6% on a constant currency basis, highlights the strong demand for Altair's technological solutions across various sectors, particularly aerospace and defense.

Altair Engineering: Aerospace & Defense Sector Partnerships As Pivotal Growth Catalysts!

<ul><li>In a significant development, Altair Engineering has found itself at the center of takeover speculation, as reports surfaced that Siemens and Cadence Design are showing interest in acquiring the company.</li><li>Altair's unique positioning in the software and simulation space, along with its strong Q2 2024 results, has made it an attractive acquisition target.</li><li>With total revenue of $148.8 million and software revenue reaching $135.4 million, both exceeding expectations, the company is continuing to showcase its value proposition across various industry verticals, including aerospace, defense, and the semiconductor space.</li></ul>

In a significant development, Altair Engineering has found itself at the center of takeover speculation, as reports surfaced that Siemens and Cadence Design are showing interest in acquiring the company.Altair's unique positioning in the software and simulation space, along with its strong Q2 2024 results, has made it an attractive acquisition target.With total revenue of $148.8 million and software revenue reaching $135.4 million, both exceeding expectations, the company is continuing to showcase its value proposition across various industry verticals, including aerospace, defense, and the semiconductor space.

Altair Engineering Soars Amid Sale Speculation: Why Siemens & Cadence Design May Pounce?

<ul><li>Altair Engineering, Inc. reported a solid performance in the second quarter of the 2024 fiscal year, highlighting continuous growth and innovation, particularly in software products, which remain a core aspect of its offerings.</li><li>The quarter's total revenue amounted to $148.8 million, with software revenue contributing $135.4 million, indicating a year-over-year increase.</li><li>Adjusted EBITDA stood at $17.3 million, showcasing the company’s operational efficiency and robust financial handling.</li></ul>

Altair Engineering, Inc. reported a solid performance in the second quarter of the 2024 fiscal year, highlighting continuous growth and innovation, particularly in software products, which remain a core aspect of its offerings.The quarter's total revenue amounted to $148.8 million, with software revenue contributing $135.4 million, indicating a year-over-year increase.Adjusted EBITDA stood at $17.3 million, showcasing the company’s operational efficiency and robust financial handling.

Altair Engineering: Revolutionization of Semiconductor Design with Acquisition of Metrics! - Major Drivers

<ul><li>Altair Engineering, Inc. reported robust financial outcomes for the first quarter of 2024, demonstrating impressive growth and operational efficiency reflective of its strategic initiatives and the strong performance of its software solutions portfolio.</li><li>Total quarterly revenue reached $172.9 million, a notable achievement that underscores the company's ability to leverage industry trends effectively.</li><li>Particularly, software revenue, which constitutes the largest chunk of the company’s revenue, increased by 6.9% on a constant currency basis year-over-year to $158.4 million, highlighting a growing reliance on Altair's integrated software solutions across various industries.</li></ul>

Altair Engineering, Inc. reported robust financial outcomes for the first quarter of 2024, demonstrating impressive growth and operational efficiency reflective of its strategic initiatives and the strong performance of its software solutions portfolio.Total quarterly revenue reached $172.9 million, a notable achievement that underscores the company's ability to leverage industry trends effectively.Particularly, software revenue, which constitutes the largest chunk of the company’s revenue, increased by 6.9% on a constant currency basis year-over-year to $158.4 million, highlighting a growing reliance on Altair's integrated software solutions across various industries.

Altair Engineering Inc.: Can The Acquisition of Research in Flight Be A Game Changer? - Major Drivers

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Index Rebalance

<ul>
<li>There are 3 changes for the <a href="https://www.smartkarma.com/entities/s-p-500-index" target="_blank" data-smartkarma-citation="entities:22886:1" rel="noopener">S&amp;P 500 INDEX</a>, 7 changes for the S&amp;P Midcap400 Index and 13 changes for the S&amp;P SmallCap600 Index at the June rebalance.</li>
<li>There is huge size to trade in <a href="https://www.smartkarma.com/entities/kkr-co-inc" target="_blank" data-smartkarma-citation="entities:27333:1" rel="noopener">KKR &amp; Co (KKR US)</a> and <a href="https://www.smartkarma.com/entities/crowdstrike-holdings-inc" target="_blank" data-smartkarma-citation="entities:28117:1" rel="noopener">Crowdstrike Holdings (CRWD US)</a> and both stocks were up big in the after-hours market.</li>
<li>There has been positioning in some stocks recently but stocks including <a href="https://www.smartkarma.com/entities/kkr-co-inc" target="_blank" data-smartkarma-citation="entities:27333:1" rel="noopener">KKR &amp; Co</a>, <a href="https://www.smartkarma.com/entities/rb-global-inc" target="_blank" data-smartkarma-citation="entities:25475:1" rel="noopener">RB Global</a> and <a href="https://www.smartkarma.com/entities/texas-pacific-land-corp" target="_blank" data-smartkarma-citation="entities:28693:1" rel="noopener">Texas Pacific Land</a> could see further positioning in the next week.</li>
</ul>


There are 3 changes for the S&amp;P 500 INDEX, 7 changes for the S&amp;P Midcap400 Index and 13 changes for the S&amp;P SmallCap600 Index at the June rebalance.
There is huge size to trade in KKR &amp; Co (KKR US) and Crowdstrike Holdings (CRWD US) and both stocks were up big in the after-hours market.
There has been positioning in some stocks recently but stocks including KKR &amp; Co, RB Global and Texas Pacific Land could see further positioning in the next week.


S&P500/400/600 Index Rebalance: Huge Size to Trade in a Few Stocks

United States

Altair Engineering Inc. provides simulation technology and services. The Company offers product engineering, industrial design, technical application, and analytics solutions. Altair Engineering serves aerospace, architectural, construction, automotive, consumer goods, electronics, energy, marine, shipbuilding, and life sciences industries worldwide.

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Altair Engineering (ALTR US)

Altair Engineering: Aerospace & Defense Sector Partnerships As Pivotal Growth Catalysts!

Altair Engineering, Inc. recently reported their performance for the second quarter of 2024, presenting a mix of positive developments and ongoing...

Baptista Research

Altair Engineering Soars Amid Sale Speculation: Why Siemens & Cadence Design May Pounce?

In a significant development, Altair Engineering has found itself at the center of takeover speculation, as reports surfaced that Siemens and...

Baptista Research

Altair Engineering: Revolutionization of Semiconductor Design with Acquisition of Metrics! - Major Drivers

Altair Engineering, Inc. reported a solid performance in the second quarter of the 2024 fiscal year, highlighting continuous growth and...

Baptista Research

Altair Engineering Inc.: Can The Acquisition of Research in Flight Be A Game Changer? - Major Drivers

Altair Engineering, Inc. reported robust financial outcomes for the first quarter of 2024, demonstrating impressive growth and operational...

Baptista Research

S&P500/400/600 Index Rebalance: Huge Size to Trade in a Few Stocks

KKR, Crowdstrike and GoDaddy will be added to the SP500 at the close on 21 June. There are a bunch of changes for the SP400/600 indices too. There...

Brian Freitas

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