Shares of Alteryx Inc (NYSE:AYX) have been given a consensus rating of “Buy” by the ten analysts that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $21.67.
Several research analysts have weighed in on AYX shares. Zacks Investment Research upgraded Alteryx from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Thursday, September 28th. Bank of America boosted their price objective on shares of Alteryx from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Finally, KeyCorp reissued a “buy” rating and set a $24.00 price objective on shares of Alteryx in a research note on Friday, September 22nd.
In related news, SVP Christopher M. Lal sold 15,000 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $25.85, for a total transaction of $387,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Robert Scott Jones sold 1,470 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $25.94, for a total transaction of $38,131.80. The disclosure for this sale can be found here. Insiders have sold a total of 201,470 shares of company stock valued at $5,209,132 over the last three months.
Institutional investors have recently made changes to their positions in the stock. Nationwide Fund Advisors purchased a new stake in Alteryx during the 2nd quarter worth $100,000. Tower Research Capital LLC TRC purchased a new stake in Alteryx during the 2nd quarter worth $117,000. The Manufacturers Life Insurance Company boosted its position in Alteryx by 685.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,853 shares of the company’s stock worth $154,000 after purchasing an additional 6,853 shares during the period. New York State Common Retirement Fund purchased a new stake in Alteryx during the 2nd quarter worth $187,000. Finally, Invictus RG purchased a new stake in Alteryx during the 3rd quarter worth $202,000. 28.29% of the stock is owned by hedge funds and other institutional investors.
Shares of Alteryx (AYX) traded up $0.18 on Friday, reaching $28.27. The company’s stock had a trading volume of 686,713 shares, compared to its average volume of 355,671. Alteryx has a 52 week low of $14.61 and a 52 week high of $29.16.
Alteryx (NYSE:AYX) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.10. The company had revenue of $34.16 million during the quarter, compared to the consensus estimate of $32.06 million. Alteryx had a negative return on equity of 19.62% and a negative net margin of 18.68%. Alteryx’s revenue was up 52.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.07) EPS. equities research analysts anticipate that Alteryx will post -0.33 earnings per share for the current fiscal 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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