Shares of Alteryx Inc (NYSE:AYX) have received a consensus rating of “Buy” from the ten analysts that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $22.67.
Several research analysts have commented on the company. KeyCorp reissued an “overweight” rating and set a $29.00 target price (up previously from $24.00) on shares of Alteryx in a research note on Thursday, November 9th. Zacks Investment Research raised Alteryx from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Tuesday, January 9th. Bank of America upped their price objective on Alteryx from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Finally, Goldman Sachs Group downgraded Alteryx from a “buy” rating to a “neutral” rating and set a $29.00 price objective for the company. in a research note on Wednesday, January 31st.
In related news, major shareholder Qualified Master Fund L. Abdiel bought 75,000 shares of Alteryx stock in a transaction that occurred on Tuesday, December 5th. The shares were acquired at an average cost of $25.54 per share, for a total transaction of $1,915,500.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Dean Stoecker sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $25.62, for a total value of $1,024,800.00. The disclosure for this sale can be found here. Insiders sold 160,000 shares of company stock valued at $4,196,200 in the last ninety days.
A number of hedge funds have recently made changes to their positions in AYX. Schwab Charles Investment Management Inc. bought a new stake in Alteryx in the second quarter valued at approximately $291,000. Bank of New York Mellon Corp bought a new stake in Alteryx in the second quarter valued at approximately $522,000. Teachers Advisors LLC bought a new stake in Alteryx in the second quarter valued at approximately $316,000. TIAA CREF Investment Management LLC bought a new stake in Alteryx in the second quarter valued at approximately $477,000. Finally, Ameriprise Financial Inc. boosted its holdings in Alteryx by 147.1% in the second quarter. Ameriprise Financial Inc. now owns 69,271 shares of the company’s stock valued at $1,352,000 after acquiring an additional 41,243 shares during the last quarter. Institutional investors and hedge funds own 28.21% of the company’s stock.
Shares of Alteryx (AYX) traded up $0.42 during midday trading on Wednesday, reaching $29.41. The company’s stock had a trading volume of 924,235 shares, compared to its average volume of 617,750. Alteryx has a 12-month low of $14.61 and a 12-month high of $31.60.
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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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