Alteryx Inc (NYSE:AYX) shares were up 6.1% on Thursday . The stock traded as high as $37.67 and last traded at $37.14. Approximately 953,217 shares were traded during trading, an increase of 27% from the average daily volume of 752,338 shares. The stock had previously closed at $35.00.
Several research analysts have recently weighed in on AYX shares. Needham & Company LLC started coverage on Alteryx in a research report on Tuesday, April 10th. They set a “buy” rating and a $39.00 price objective for the company. ValuEngine raised Alteryx from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. KeyCorp upgraded Alteryx from a “sector weight” rating to an “overweight” rating and set a $40.00 target price on the stock in a report on Sunday, May 20th. JMP Securities upped their target price on Alteryx from $37.00 to $45.00 and gave the stock an “outperform” rating in a report on Tuesday, June 12th. Finally, Citigroup began coverage on Alteryx in a report on Friday, June 22nd. They set an “outperform” rating and a $48.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $40.11.
The firm has a market capitalization of $2.25 billion, a PE ratio of -123.10 and a beta of -0.78.
Alteryx (NYSE:AYX) last released its earnings results on Wednesday, May 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.06. Alteryx had a negative return on equity of 8.69% and a negative net margin of 11.67%. The business had revenue of $42.82 million for the quarter, compared to analyst estimates of $39.86 million. During the same quarter in the prior year, the company posted ($0.08) earnings per share. Alteryx’s revenue was up 50.0% on a year-over-year basis. equities research analysts forecast that Alteryx Inc will post -0.41 earnings per share for the current year.
In other Alteryx news, major shareholder Abdiel Capital Management, Llc acquired 90,000 shares of the company’s stock in a transaction on Monday, May 14th. The shares were purchased at an average price of $34.08 per share, for a total transaction of $3,067,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Dean Stoecker sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, June 28th. The shares were sold at an average price of $36.33, for a total value of $1,453,200.00. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 620,000 shares of company stock worth $21,349,000 and have sold 259,945 shares worth $9,194,349. Corporate insiders own 39.01% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in Alteryx by 3.2% in the first quarter. BlackRock Inc. now owns 1,371,877 shares of the company’s stock valued at $46,836,000 after buying an additional 42,373 shares during the period. Whale Rock Capital Management LLC bought a new stake in Alteryx in the first quarter valued at approximately $40,538,000. Keenan Capital LLC bought a new stake in Alteryx in the fourth quarter valued at approximately $23,726,000. Tensile Capital Management LLC raised its stake in Alteryx by 103.7% in the first quarter. Tensile Capital Management LLC now owns 490,822 shares of the company’s stock valued at $16,757,000 after buying an additional 249,892 shares during the period. Finally, Millennium Management LLC raised its stake in Alteryx by 9.8% in the fourth quarter. Millennium Management LLC now owns 349,792 shares of the company’s stock valued at $8,839,000 after buying an additional 31,185 shares during the period. Hedge funds and other institutional investors own 36.28% of the company’s stock.
Alteryx Company Profile
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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