Oppenheimer Begins Coverage on Alteryx (AYX)

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Oppenheimer started coverage on shares of Alteryx (NYSE:AYX) in a research report released on Friday morning, Marketbeat.com reports. The brokerage issued an outperform rating and a $48.00 target price on the stock.

Other equities analysts also recently issued reports about the stock. KeyCorp reissued a hold rating on shares of Alteryx in a research note on Wednesday, May 9th. Needham & Company LLC increased their price target on shares of Alteryx from $39.00 to $43.00 and gave the stock a buy rating in a research note on Thursday, May 10th. Zacks Investment Research downgraded shares of Alteryx from a hold rating to a sell rating in a research note on Monday, February 26th. ValuEngine raised shares of Alteryx from a hold rating to a buy rating in a research note on Wednesday, May 2nd. Finally, Citigroup started coverage on shares of Alteryx in a research note on Friday. They issued an outperform rating and a $48.00 price target for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. Alteryx has a consensus rating of Buy and a consensus target price of $39.11.

Shares of Alteryx opened at $36.97 on Friday, Marketbeat.com reports. The stock has a market cap of $2.34 billion, a PE ratio of -119.26 and a beta of -0.78. Alteryx has a 12 month low of $18.64 and a 12 month high of $41.47.

Alteryx (NYSE:AYX) last issued its quarterly earnings data on Wednesday, May 9th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.06. The firm had revenue of $42.82 million during the quarter, compared to the consensus estimate of $39.86 million. Alteryx had a negative net margin of 11.67% and a negative return on equity of 8.69%. The company’s quarterly revenue was up 50.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.08) earnings per share. sell-side analysts predict that Alteryx will post -0.41 EPS for the current year.

In related news, CFO Kevin Rubin sold 8,500 shares of the stock in a transaction dated Friday, June 15th. The shares were sold at an average price of $39.28, for a total value of $333,880.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Christopher M. Lal sold 5,000 shares of the stock in a transaction dated Wednesday, June 20th. The stock was sold at an average price of $40.00, for a total transaction of $200,000.00. The disclosure for this sale can be found here. Over the last three months, insiders purchased 620,000 shares of company stock valued at $21,349,000 and sold 259,945 shares valued at $9,131,149. 39.01% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in AYX. Metropolitan Life Insurance Co. NY purchased a new stake in Alteryx in the fourth quarter worth about $192,000. Seven Eight Capital LP purchased a new stake in Alteryx in the first quarter worth about $222,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Alteryx in the fourth quarter worth about $256,000. California Public Employees Retirement System purchased a new stake in Alteryx in the first quarter worth about $256,000. Finally, MetLife Investment Advisors LLC purchased a new stake in Alteryx in the fourth quarter worth about $279,000. Institutional investors and hedge funds own 36.28% of the company’s stock.

Alteryx Company Profile

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.

Analyst Recommendations for Alteryx (NYSE:AYX)

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