Alteryx (NYSE:AYX) had its price target raised by Wedbush from $93.00 to $123.00 in a report released on Thursday, The Fly reports. Wedbush currently has a neutral rating on the stock.
A number of other brokerages have also recently weighed in on AYX. JMP Securities raised their price objective on Alteryx from $84.00 to $96.00 and gave the company a market outperform rating in a report on Thursday, May 2nd. Cowen raised their price objective on Alteryx from $112.00 to $137.00 and gave the company an outperform rating in a report on Wednesday, June 26th. Goldman Sachs Group assumed coverage on Alteryx in a report on Friday, June 7th. They set a buy rating and a $111.00 price objective on the stock. Bank of America reissued a buy rating and set a $105.00 price objective (up from $90.00) on shares of Alteryx in a report on Thursday, May 2nd. Finally, Zacks Investment Research raised Alteryx from a hold rating to a buy rating and set a $101.00 price objective on the stock in a report on Wednesday, May 8th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $116.82.
Shares of NYSE AYX traded down $1.41 during trading hours on Thursday, reaching $130.16. 1,309,886 shares of the stock traded hands, compared to its average volume of 1,169,395. The stock has a market cap of $8.23 billion, a P/E ratio of -650.80, a P/E/G ratio of 54.52 and a beta of 1.24. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.58 and a quick ratio of 1.58. Alteryx has a 52-week low of $41.66 and a 52-week high of $133.93. The business’s 50-day moving average is $113.99.
Alteryx (NYSE:AYX) last announced its quarterly earnings data on Wednesday, July 31st. The company reported ($0.04) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.09. The company had revenue of $82.04 million for the quarter, compared to analysts’ expectations of $76.60 million. Alteryx had a negative return on equity of 2.03% and a negative net margin of 1.71%. Alteryx’s revenue for the quarter was up 59.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.09) EPS. Analysts predict that Alteryx will post 0.17 earnings per share for the current year.
In other Alteryx news, CFO Kevin Rubin sold 13,000 shares of Alteryx stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $117.98, for a total value of $1,533,740.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Robert Scott Jones sold 1,598 shares of Alteryx stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $94.63, for a total value of $151,218.74. The disclosure for this sale can be found here. Insiders sold a total of 124,763 shares of company stock worth $12,253,528 over the last ninety days. Insiders own 19.82% of the company’s stock.
A number of institutional investors have recently made changes to their positions in AYX. Sageworth Trust Co purchased a new position in Alteryx in the 1st quarter worth approximately $27,000. FNY Investment Advisers LLC purchased a new position in Alteryx in the 2nd quarter worth approximately $80,000. Penserra Capital Management LLC increased its stake in shares of Alteryx by 70.7% during the first quarter. Penserra Capital Management LLC now owns 1,265 shares of the company’s stock valued at $106,000 after buying an additional 524 shares during the period. Aperio Group LLC purchased a new position in shares of Alteryx during the second quarter valued at approximately $156,000. Finally, Advisory Services Network LLC purchased a new position in shares of Alteryx during the second quarter valued at approximately $171,000. 64.29% 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, data scientists, and citizen data scientists worldwide. Its software platform includes Alteryx Designer, a data profiling, preparation, blending, and analytics product used to create visual workflows or analytic processes; Alteryx Server, a 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; and Alteryx Promote, an analytics model management product for data scientists and analytics teams to build, manage, monitor, and deploy predictive models into real-time production applications.
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