Shares of Alteryx, Inc. (NYSE:AYX) have received an average recommendation of “Buy” from the ten ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $21.67.
A number of brokerages have recently commented on AYX. Zacks Investment Research cut shares of Alteryx from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. Bank of America boosted their target price on shares of Alteryx from $26.00 to $28.00 and gave the company a “buy” rating in a report on Friday, November 10th. Finally, KeyCorp restated an “overweight” rating and set a $29.00 target price (up previously from $24.00) on shares of Alteryx in a report on Thursday, November 9th.
In other Alteryx news, SVP Christopher M. Lal sold 15,000 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $25.85, for a total value of $387,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Qualified Master Fund L. Abdiel bought 172,500 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was acquired at an average cost of $19.96 per share, with a total value of $3,443,100.00. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 2,232,500 shares of company stock worth $47,001,900 and sold 7,781,470 shares worth $157,958,732.
Large investors have recently modified their holdings of the business. Nationwide Fund Advisors purchased a new position in Alteryx in the 2nd quarter worth about $100,000. Tower Research Capital LLC TRC purchased a new stake in shares of Alteryx during the 2nd quarter valued at about $117,000. The Manufacturers Life Insurance Company increased its position in shares of Alteryx by 685.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,853 shares of the company’s stock valued at $154,000 after purchasing an additional 6,853 shares during the last quarter. New York State Common Retirement Fund purchased a new stake in shares of Alteryx during the 2nd quarter valued at about $187,000. Finally, Rhumbline Advisers purchased a new stake in shares of Alteryx during the 2nd quarter valued at about $195,000. 28.29% of the stock is owned by institutional investors and hedge funds.
Shares of Alteryx (NYSE AYX) traded up $0.17 during mid-day trading on Friday, hitting $24.96. 836,400 shares of the stock were exchanged, compared to its average volume of 370,859. Alteryx has a 1 year low of $14.61 and a 1 year high of $27.58.
Alteryx (NYSE:AYX) last announced its earnings results on Thursday, November 9th. The company reported $0.02 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.10. Alteryx had a negative net margin of 18.68% and a negative return on equity of 19.62%. The firm had revenue of $34.16 million for the quarter, compared to analysts’ expectations of $32.06 million. During the same quarter in the previous year, the business posted ($0.07) EPS. The company’s quarterly revenue was up 52.1% on a year-over-year basis. sell-side analysts forecast that Alteryx will post -0.33 earnings per share for the current year.
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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