Alteryx (NYSE:AYX) PT Lowered to $85.00 at Piper Sandler

Alteryx (NYSE:AYX) had its price target lowered by Piper Sandler from $105.00 to $85.00 in a research note issued to investors on Wednesday, The Fly reports. The brokerage currently has an overweight rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Needham & Company LLC increased their target price on shares of Alteryx from $96.00 to $97.00 and gave the company a buy rating in a research report on Thursday, November 4th. JPMorgan Chase & Co. raised shares of Alteryx from an underweight rating to a neutral rating and set a $75.00 price target for the company in a report on Friday, October 29th. Finally, Zacks Investment Research raised shares of Alteryx from a sell rating to a hold rating in a report on Tuesday, January 4th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of Buy and an average target price of $107.10.

NYSE:AYX opened at $58.34 on Wednesday. Alteryx has a 52 week low of $54.88 and a 52 week high of $140.36. The firm has a 50 day moving average of $64.26 and a 200 day moving average of $71.43. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.65 and a quick ratio of 2.65.

Alteryx (NYSE:AYX) last posted its earnings results on Tuesday, November 2nd. The company reported ($0.18) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.01. Alteryx had a negative net margin of 22.97% and a negative return on equity of 18.89%. The company had revenue of $123.50 million during the quarter, compared to analysts’ expectations of $122.37 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. Equities research analysts anticipate that Alteryx will post -1.74 EPS for the current year.

In other news, Director Dean Stoecker sold 2,500 shares of the stock in a transaction on Monday, November 1st. The shares were sold at an average price of $74.66, for a total value of $186,650.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 7,500 shares of company stock worth $540,275 in the last quarter. Company insiders own 12.50% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in AYX. Ancora Advisors LLC acquired a new stake in Alteryx during the third quarter valued at $29,000. SRS Capital Advisors Inc. grew its position in Alteryx by 71.3% during the third quarter. SRS Capital Advisors Inc. now owns 685 shares of the company’s stock valued at $50,000 after buying an additional 285 shares during the period. Parisi Gray Wealth Management acquired a new stake in Alteryx during the second quarter valued at $86,000. AdvisorNet Financial Inc grew its position in Alteryx by 54.1% during the third quarter. AdvisorNet Financial Inc now owns 1,425 shares of the company’s stock valued at $104,000 after buying an additional 500 shares during the period. Finally, Orion Capital Management LLC grew its position in Alteryx by 18.5% during the third quarter. Orion Capital Management LLC now owns 1,920 shares of the company’s stock valued at $140,000 after buying an additional 300 shares during the period. Institutional investors own 67.94% of the company’s stock.

About Alteryx

Alteryx, Inc engages in the provision of self-service data analytics software. Its subscription-based platform allows organizations to prepare, blend, and analyze data from a multitude of sources and benefit from data-driven decisions. The company was founded by Dean A. Stoecker, Olivia Duane-Adams, and Edward P.

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