Shares of Alteryx, Inc. (NYSE:AYX) have received an average recommendation of “Buy” from the nine ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $20.44.
AYX has been the topic of a number of research analyst reports. KeyCorp restated an “overweight” rating and set a $24.00 price objective (up previously from $22.00) on shares of Alteryx in a research report on Monday, June 12th. Zacks Investment Research upgraded shares of Alteryx from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Wednesday, August 30th. Finally, Cowen and Company reiterated an “outperform” rating and issued a $23.00 price target (up from $21.00) on shares of Alteryx in a research report on Thursday, August 3rd.
Alteryx (NYSE:AYX) opened at 18.79 on Friday. The company’s market cap is $1.10 billion. Alteryx has a 52-week low of $14.61 and a 52-week high of $24.07. The firm’s 50 day moving average is $21.70 and its 200 day moving average is $19.37.
Alteryx (NYSE:AYX) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported ($0.09) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.05. The firm had revenue of $30.30 million for the quarter, compared to analysts’ expectations of $29.33 million. The company’s revenue for the quarter was up 52.3% compared to the same quarter last year. Analysts forecast that Alteryx will post ($0.33) EPS for the current fiscal year.
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In other Alteryx news, major shareholder Qualified Master Fund L. Abdiel acquired 2,000,000 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was acquired at an average cost of $21.21 per share, with a total value of $42,420,000.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Dean Stoecker sold 600,000 shares of Alteryx stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $20.24, for a total transaction of $12,144,000.00. The disclosure for this sale can be found here. Over the last three months, insiders acquired 2,826,344 shares of company stock valued at $59,646,339 and sold 7,700,000 shares valued at $155,848,000.
Several large investors have recently modified their holdings of the business. Lord Abbett & CO. LLC grew its stake in shares of Alteryx by 64.6% in the 2nd quarter. Lord Abbett & CO. LLC now owns 330,090 shares of the company’s stock worth $6,444,000 after buying an additional 129,591 shares in the last quarter. California State Teachers Retirement System purchased a new position in shares of Alteryx in the 2nd quarter worth $306,000. Tower Research Capital LLC TRC purchased a new position in shares of Alteryx in the 2nd quarter worth $117,000. The Manufacturers Life Insurance Company grew its stake in shares of Alteryx by 685.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,853 shares of the company’s stock worth $154,000 after buying an additional 6,853 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Alteryx in the 2nd quarter worth $434,000. 94.38% of the stock is owned by institutional investors and hedge funds.
Alteryx Company Profile
Alteryx, Inc is a United States-based provider of self-service data analytics software. The Company offers various products, such as Alteryx Designer, Alteryx Server and Alteryx Analytics Gallery. Alteryx Designer is a repeatable workflow for self-service data analytics. Alteryx Designer allows data analysts by combining data preparation, data blending, and analytics-predictive, statistical and spatial-using the same user interface.
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