Alteryx (NYSE:AYX)‘s stock had its “outperform” rating restated by equities research analysts at Cowen in a research note issued to investors on Thursday. They presently have a $34.00 price target on the stock, up from their prior price target of $29.00. Cowen’s price target suggests a potential upside of 1.86% from the stock’s previous close.
AYX has been the topic of several other research reports. KeyCorp restated an “overweight” rating and issued a $29.00 target price (up previously from $24.00) on shares of Alteryx in a report on Thursday, November 9th. Zacks Investment Research lowered shares of Alteryx from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Bank of America boosted their target price on shares of Alteryx from $26.00 to $28.00 and gave the company a “buy” rating in a report on Friday, November 10th. Finally, Goldman Sachs Group lowered shares of Alteryx from a “buy” rating to a “neutral” rating and set a $29.00 target price on the stock. in a report on Wednesday, January 31st. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $25.80.
Alteryx (AYX) opened at $33.38 on Thursday. The stock has a market cap of $1,970.00 and a price-to-earnings ratio of -59.61. Alteryx has a fifty-two week low of $14.61 and a fifty-two week high of $35.81.
Alteryx (NYSE:AYX) last released its earnings results on Wednesday, February 21st. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.05. The business had revenue of $38.60 million for the quarter, compared to analyst estimates of $35.89 million. Alteryx had a negative net margin of 13.30% and a negative return on equity of 8.64%. Alteryx’s revenue for the quarter was up 54.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.11) earnings per share. equities research analysts forecast that Alteryx will post -0.41 earnings per share for the current fiscal year.
In related news, major shareholder Qualified Master Fund L. Abdiel acquired 75,000 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were purchased at an average price of $25.54 per share, for a total transaction of $1,915,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dean Stoecker sold 20,000 shares of the company’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $25.87, for a total transaction of $517,400.00. The disclosure for this sale can be found here. Insiders have sold 160,000 shares of company stock worth $4,196,200 in the last quarter.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Abdiel Capital Advisors LP raised its holdings in shares of Alteryx by 1.9% during the fourth quarter. Abdiel Capital Advisors LP now owns 4,001,344 shares of the company’s stock valued at $101,114,000 after purchasing an additional 75,000 shares during the period. BlackRock Inc. raised its holdings in shares of Alteryx by 92.0% during the fourth quarter. BlackRock Inc. now owns 1,329,504 shares of the company’s stock valued at $33,596,000 after purchasing an additional 636,948 shares during the period. Keenan Capital LLC acquired a new position in shares of Alteryx during the fourth quarter valued at about $23,726,000. Vanguard Group Inc. raised its holdings 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 valued at $11,453,000 after purchasing an additional 566,718 shares during the period. Finally, Citadel Advisors LLC raised its holdings 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 valued at $7,230,000 after purchasing an additional 333,702 shares during the period. Hedge funds and other institutional investors own 31.57% of the company’s stock.
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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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