Citigroup assumed coverage on shares of Alteryx (NYSE:AYX) in a research note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $57.00 price target on the stock.
Several other analysts have also weighed in on the company. Oppenheimer began coverage on Alteryx in a report on Friday, June 22nd. They issued an outperform rating and a $48.00 target price on the stock. JMP Securities increased their price objective on Alteryx from $37.00 to $45.00 and gave the company an outperform rating in a research note on Tuesday, June 12th. KeyCorp raised Alteryx to an overweight rating in a research note on Friday, June 1st. Needham & Company LLC increased their price objective on Alteryx from $39.00 to $43.00 and gave the company a buy rating in a research note on Thursday, May 10th. Finally, ValuEngine raised Alteryx from a hold rating to a buy rating in a research note on Wednesday, May 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $40.11.
Alteryx opened at $38.16 on Thursday, Marketbeat Ratings reports. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of -123.10 and a beta of -0.78. Alteryx has a fifty-two week low of $18.64 and a fifty-two week high of $41.47.
Alteryx (NYSE:AYX) last posted its earnings results on Wednesday, May 9th. The company reported ($0.01) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.06. The company had revenue of $42.82 million for the quarter, compared to analyst estimates of $39.86 million. Alteryx had a negative return on equity of 8.69% and a negative net margin of 11.67%. Alteryx’s revenue was up 50.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.08) earnings per share. equities research analysts forecast that Alteryx will post -0.41 EPS for the current fiscal year.
In other Alteryx news, major shareholder Qualified Master Fund L. Abdiel purchased 200,000 shares of the firm’s stock in a transaction on Wednesday, June 6th. The shares were purchased at an average cost of $38.60 per share, with a total value of $7,720,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Dean Stoecker sold 40,000 shares of the firm’s stock in a transaction dated Thursday, June 28th. The stock was sold at an average price of $36.33, for a total value of $1,453,200.00. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 620,000 shares of company stock worth $21,349,000 and have sold 259,945 shares worth $9,194,349. 39.01% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of AYX. Metropolitan Life Insurance Co. NY acquired a new stake in Alteryx in the 4th quarter worth about $192,000. Seven Eight Capital LP acquired a new stake in Alteryx in the 1st quarter worth about $222,000. Raymond James Financial Services Advisors Inc. acquired a new stake in Alteryx in the 4th quarter worth about $256,000. California Public Employees Retirement System acquired a new stake in Alteryx in the 1st quarter worth about $256,000. Finally, MetLife Investment Advisors LLC acquired a new stake in Alteryx in the 4th quarter worth about $279,000. 36.28% of the stock is currently owned by hedge funds and other institutional investors.
Alteryx, Inc operates a self-service data analytics software platform that enables organizations to enhance business outcomes and the productivity of their business analysts. Its software platform includes Alteryx Designer for data preparation, blending, and analytics that could be deployable in the cloud and on premise; Alteryx Server, a secure and scalable 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; Alteryx Promote, an analytics model management product for data scientists and analytics teams to build, manage, monitor, and deploy predictive models to production; and Alteryx Analytics Gallery, a cloud-based collaboration offering that allows users to share workflows in a centralized repository.
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