Alteryx (NYSE:AYX)‘s stock had its “sector weight” rating reissued by research analysts at KeyCorp in a report issued on Wednesday, March 14th.
AYX has been the subject of a number of other reports. Cowen reiterated an “outperform” rating and issued a $34.00 price target (up from $29.00) on shares of Alteryx in a research note on Thursday, February 22nd. Bank of America lifted their price target on Alteryx from $28.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Zacks Investment Research downgraded Alteryx from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. 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 research note on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. Alteryx presently has an average rating of “Buy” and a consensus target price of $25.80.
Shares of NYSE AYX traded down $1.74 during midday trading on Wednesday, reaching $32.56. 346,308 shares of the company’s stock were exchanged, compared to its average volume of 439,138. The firm has a market cap of $1,926.41 and a price-to-earnings ratio of -105.03. Alteryx has a 52-week low of $14.79 and a 52-week high of $38.88.
Alteryx (NYSE:AYX) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.02 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%. The company’s revenue for the quarter was up 54.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.11) earnings per share. research analysts expect that Alteryx will post -0.41 EPS for the current fiscal year.
In other Alteryx news, insider Langley P. Eide sold 37,100 shares of Alteryx stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $36.26, for a total value of $1,345,246.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dean Stoecker sold 20,000 shares of Alteryx stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $26.21, for a total value of $524,200.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 309,552 shares of company stock valued at $10,309,587.
A number of hedge funds have recently modified their holdings of the business. Nationwide Fund Advisors acquired a new position in shares of Alteryx during the second quarter worth approximately $100,000. Metropolitan Life Insurance Co. NY acquired a new position in shares of Alteryx during the fourth quarter worth approximately $192,000. The Manufacturers Life Insurance Company boosted its position in shares of Alteryx by 685.3% during the second quarter. The Manufacturers Life Insurance Company now owns 7,853 shares of the company’s stock worth $154,000 after buying an additional 6,853 shares during the period. New York State Common Retirement Fund acquired a new position in shares of Alteryx during the second quarter worth approximately $187,000. Finally, Invictus RG acquired a new position in shares of Alteryx during the third quarter worth approximately $202,000. Institutional investors own 33.12% of the company’s stock.
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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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