Alteryx Inc (NYSE:AYX) has received an average rating of “Buy” from the fourteen ratings firms that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $66.60.
A number of equities research analysts have recently weighed in on AYX shares. Citigroup set a $81.00 price target on Alteryx and gave the stock a “buy” rating in a research note on Tuesday, September 18th. Needham & Company LLC raised their price target on Alteryx to $65.00 and gave the stock a “buy” rating in a research note on Monday, September 24th. Zacks Investment Research raised Alteryx from a “sell” rating to a “hold” rating in a research note on Monday, September 24th. KeyCorp reaffirmed a “buy” rating on shares of Alteryx in a research note on Wednesday, August 8th. Finally, Raymond James raised their price objective on Alteryx from $54.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, November 8th.
AYX opened at $52.43 on Friday. Alteryx has a fifty-two week low of $23.95 and a fifty-two week high of $67.40. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.64 and a quick ratio of 2.64. The stock has a market cap of $3.70 billion, a PE ratio of -169.13 and a beta of 0.99.
Alteryx (NYSE:AYX) last posted its quarterly earnings results on Wednesday, November 7th. The company reported $0.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.13. Alteryx had a negative return on equity of 7.06% and a negative net margin of 6.72%. The company had revenue of $54.18 million during the quarter, compared to the consensus estimate of $49.79 million. During the same period last year, the business earned $0.02 EPS. The business’s quarterly revenue was up 58.6% on a year-over-year basis. On average, research analysts forecast that Alteryx will post -0.31 EPS for the current fiscal year.
In related news, Director Jeff Horing sold 299,457 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $56.25, for a total value of $16,844,456.25. Following the transaction, the director now directly owns 14,809 shares of the company’s stock, valued at approximately $833,006.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Dean Stoecker sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $55.45, for a total value of $2,218,000.00. The disclosure for this sale can be found here. Over the last three months, insiders purchased 194,855 shares of company stock worth $9,551,233 and sold 1,342,784 shares worth $74,615,446. 39.01% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of the stock. Bessemer Group Inc. bought a new position in Alteryx in the 3rd quarter worth approximately $140,000. Truvestments Capital LLC bought a new position in Alteryx in the 3rd quarter worth approximately $169,000. NumerixS Investment Technologies Inc bought a new position in Alteryx in the 2nd quarter worth approximately $130,000. Ibex Investors LLC bought a new position in Alteryx in the 3rd quarter worth approximately $201,000. Finally, State Treasurer State of Michigan bought a new position in Alteryx in the 3rd quarter worth approximately $203,000. 42.08% of the stock is currently owned by institutional investors and hedge funds.
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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