Tensile Capital Management LLC bought a new stake in Alteryx (NYSE:AYX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 240,930 shares of the company’s stock, valued at approximately $6,088,000. Alteryx accounts for about 1.0% of Tensile Capital Management LLC’s holdings, making the stock its 19th biggest position. Tensile Capital Management LLC owned 0.41% of Alteryx as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently added to or reduced their stakes in the business. Nationwide Fund Advisors acquired a new position in Alteryx in the second quarter valued at about $100,000. Suntrust Banks Inc. lifted its stake in Alteryx by 22.1% in the fourth quarter. Suntrust Banks Inc. now owns 32,121 shares of the company’s stock valued at $811,000 after buying an additional 5,816 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Alteryx by 685.3% in the second quarter. The Manufacturers Life Insurance Company now owns 7,853 shares of the company’s stock valued at $154,000 after buying an additional 6,853 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Alteryx by 28.4% in the third quarter. Bank of New York Mellon Corp now owns 34,354 shares of the company’s stock worth $699,000 after acquiring an additional 7,597 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY bought a new stake in shares of Alteryx in the fourth quarter worth about $192,000. 33.12% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:AYX traded down $1.74 during mid-day trading on Friday, reaching $32.56. 346,110 shares of the stock were exchanged, compared to its average volume of 439,138. The company has a market cap of $2,029.36 and a PE ratio of -105.03. Alteryx has a one year low of $14.79 and a one year high of $38.88.
Alteryx (NYSE:AYX) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.05. The business had revenue of $38.60 million during the quarter, compared to the consensus estimate of $35.89 million. Alteryx had a negative return on equity of 8.51% and a negative net margin of 13.30%. Alteryx’s quarterly revenue was up 54.6% on a year-over-year basis. During the same period last year, the company earned ($0.11) earnings per share. research analysts anticipate that Alteryx will post -0.41 EPS for the current year.
Several equities research analysts have issued reports on the company. KeyCorp restated a “sector weight” rating on shares of Alteryx in a report on Wednesday, March 14th. Zacks Investment Research downgraded Alteryx from a “hold” rating to a “sell” rating in a report on Monday, February 26th. Cowen restated an “outperform” rating and issued a $34.00 price target (up from $29.00) on shares of Alteryx in a report on Thursday, February 22nd. Bank of America increased their price target on Alteryx from $28.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Finally, Goldman Sachs downgraded Alteryx from a “buy” rating to a “neutral” rating and set a $29.00 price target for the company. in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $25.80.
In other Alteryx news, CRO Robert Scott Jones sold 40,226 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $33.88, for a total value of $1,362,856.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Christopher M. Lal sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $35.03, for a total value of $525,450.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 309,552 shares of company stock valued at $10,309,587.
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Alteryx, Inc operates a self-service data analytics software platform that enables organizations to enhance business outcomes and the productivity of their business analysts. Its software platform includes Alteryx Designer for data preparation, blending, and analytics that could be deployable in the cloud and on premise; Alteryx Server, a secure and scalable server-based product for scheduling, sharing, and running analytic processes and applications in a Web-based environment; Alteryx Connect, a collaborative data exploration platform for discovering information assets and sharing recommendations across the enterprise; Alteryx Promote, an analytics model management product for data scientists and analytics teams to build, manage, monitor, and deploy predictive models to production; and Alteryx Analytics Gallery, a cloud-based collaboration offering that allows users to share workflows in a centralized repository.
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