Zacks Investment Research upgraded shares of Alteryx (NYSE:AYX) from a hold rating to a buy rating in a report released on Tuesday morning. Zacks Investment Research currently has $30.00 target price on the stock.
According to Zacks, “Alteryx, Inc. provides self-service data analytics software platform. The Company’s product consists of Alteryx Designer, Alteryx Server and Alteryx Analytics Gallery. Alteryx Designer offer data preparation, blending and analytics which could be deployable in the cloud and on premise; Alteryx Server, a secure and scalable product for sharing and running analytic applications in a Web-based environment and Alteryx Analytics Gallery, a cloud-based collaboration offering which allows users to share workflows in a centralized repository. Alteryx, Inc. is headquartered in Irvine, California. “
A number of other equities analysts have also recently issued reports on AYX. KeyCorp reaffirmed a buy rating and issued a $24.00 price objective on shares of Alteryx in a research note on Friday, September 22nd. Bank of America began coverage on shares of Alteryx in a research note on Monday, October 16th. They issued a buy rating and a $26.00 price objective on the stock. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Alteryx presently has a consensus rating of Buy and a consensus target price of $22.50.
Shares of Alteryx (NYSE:AYX) traded up $0.87 during mid-day trading on Tuesday, reaching $26.97. 623,200 shares of the company’s stock were exchanged, compared to its average volume of 684,153. Alteryx has a 1 year low of $14.61 and a 1 year high of $29.16. The company has a market capitalization of $1,600.00 and a PE ratio of -48.16.
Alteryx (NYSE:AYX) last announced its quarterly earnings data on Thursday, November 9th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.10. Alteryx had a negative net margin of 18.68% and a negative return on equity of 19.62%. The firm had revenue of $34.16 million for the quarter, compared to analysts’ expectations of $32.06 million. During the same period last year, the firm earned ($0.07) earnings per share. The business’s revenue for the quarter was up 52.1% on a year-over-year basis. research analysts anticipate that Alteryx will post -0.33 earnings per share for the current fiscal year.
In other news, CFO Kevin Rubin sold 40,000 shares of Alteryx stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $25.99, for a total transaction of $1,039,600.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Qualified Master Fund L. Abdiel purchased 75,000 shares of Alteryx stock in a transaction dated Tuesday, December 5th. The shares were purchased at an average cost of $25.54 per share, for a total transaction of $1,915,500.00. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 201,470 shares of company stock worth $5,209,132.
Several hedge funds and other institutional investors have recently made changes to their positions in AYX. Abdiel Capital Advisors LP bought a new position in shares of Alteryx during the second quarter worth $24,460,000. Vanguard Group Inc. boosted its position in shares of Alteryx by 2,833.6% during the second quarter. Vanguard Group Inc. now owns 586,718 shares of the company’s stock worth $11,453,000 after purchasing an additional 566,718 shares in the last quarter. Citadel Advisors LLC boosted its position in shares of Alteryx by 1,570.2% during the third quarter. Citadel Advisors LLC now owns 354,954 shares of the company’s stock worth $7,230,000 after purchasing an additional 333,702 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Alteryx during the third quarter worth $6,620,000. Finally, Pier Capital LLC acquired a new stake in shares of Alteryx during the third quarter worth $4,967,000. 28.29% of the stock is currently owned by institutional investors.
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Alteryx Company Profile
Alteryx, Inc is a United States-based provider of self-service data analytics software. The Company offers various products, such as Alteryx Designer, Alteryx Server and Alteryx Analytics Gallery. Alteryx Designer is a repeatable workflow for self-service data analytics. Alteryx Designer allows data analysts by combining data preparation, data blending, and analytics-predictive, statistical and spatial-using the same user interface.
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