DA Davidson Increases Alteryx (NYSE:AYX) Price Target to $123.00

Alteryx (NYSE:AYX) had its price target lifted by DA Davidson to $123.00 in a research report report published on Thursday, The Fly reports. The brokerage currently has a neutral rating on the stock.

Several other analysts also recently weighed in on AYX. Bank of America boosted their price target on Alteryx from $126.00 to $140.00 and gave the company a buy rating in a research note on Thursday. JMP Securities boosted their price target on Alteryx from $84.00 to $96.00 and gave the company a market outperform rating in a research note on Thursday, May 2nd. Goldman Sachs Group began coverage on Alteryx in a research note on Friday, June 7th. They set a buy rating and a $111.00 price target on the stock. Needham & Company LLC boosted their price target on Alteryx from $120.00 to $139.00 and gave the company a buy rating in a research note on Tuesday, July 30th. Finally, Guggenheim began coverage on Alteryx in a research note on Thursday, June 27th. They set a buy rating and a $107.53 price target on the stock. Four 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 an average target price of $116.82.

NYSE:AYX traded down $4.94 during mid-day trading on Thursday, hitting $125.22. 20,406 shares of the company’s stock traded hands, compared to its average volume of 1,169,395. The stock has a fifty day moving average of $113.99. Alteryx has a twelve month low of $41.66 and a twelve month high of $133.93. The company has a market cap of $8.14 billion, a P/E ratio of -623.40, a P/E/G ratio of 53.93 and a beta of 1.24. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.07.

Alteryx (NYSE:AYX) last announced its earnings results on Wednesday, July 31st. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.09. Alteryx had a negative return on equity of 2.03% and a negative net margin of 1.71%. The company had revenue of $82.04 million for the quarter, compared to analyst estimates of $76.60 million. During the same period in the prior year, the company posted ($0.09) EPS. The firm’s quarterly revenue was up 59.3% compared to the same quarter last year. Analysts expect 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 the stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $117.98, for a total transaction of $1,533,740.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Scott Jones sold 1,599 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $86.03, for a total value of $137,561.97. The disclosure for this sale can be found here. Insiders have sold 123,165 shares of company stock valued at $12,102,309 in the last three months. Insiders own 19.82% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Sageworth Trust Co acquired a new stake in shares of Alteryx in the first quarter valued at approximately $27,000. FNY Investment Advisers LLC acquired a new stake in shares of Alteryx in the second quarter valued at approximately $80,000. Penserra Capital Management LLC increased its holdings in shares of Alteryx by 70.7% in the first quarter. Penserra Capital Management LLC now owns 1,265 shares of the company’s stock valued at $106,000 after purchasing an additional 524 shares during the last quarter. Aperio Group LLC acquired a new stake in shares of Alteryx in the second quarter valued at approximately $156,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Alteryx in the second quarter valued at approximately $171,000. 64.11% of the stock is owned by hedge funds and other institutional investors.

About Alteryx

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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