Alteryx Inc (NYSE:AYX) has earned an average rating of “Buy” from the twelve analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $48.56.
AYX has been the topic of a number of research reports. Rosenblatt Securities initiated coverage on Alteryx in a report on Monday, July 9th. They issued a “buy” rating on the stock. Citigroup initiated coverage on Alteryx in a report on Thursday, June 28th. They issued a “buy” rating and a $57.00 price target on the stock. KeyCorp restated a “buy” rating on shares of Alteryx in a report on Wednesday, August 8th. Needham & Company LLC upped their target price on Alteryx from $43.00 to $51.00 and gave the stock a “buy” rating in a report on Monday, August 6th. Finally, JMP Securities upped their target price on Alteryx from $45.00 to $52.00 and gave the stock a “market outperform” rating in a report on Thursday, August 9th.
Shares of Alteryx stock traded up $0.78 during trading on Monday, reaching $60.00. The stock had a trading volume of 1,053,935 shares, compared to its average volume of 814,763. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of -193.55 and a beta of 0.16. Alteryx has a 52 week low of $18.64 and a 52 week high of $61.20. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.71 and a quick ratio of 2.71.
Alteryx (NYSE:AYX) last issued its quarterly earnings results on Wednesday, August 8th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. The company had revenue of $46.80 million for the quarter, compared to analyst estimates of $43.79 million. Alteryx had a negative return on equity of 9.44% and a negative net margin of 9.44%. The company’s quarterly revenue was up 54.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.09) earnings per share. equities analysts expect that Alteryx will post -0.47 EPS for the current year.
In related news, Chairman Dean Stoecker sold 40,000 shares of the company’s stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of $39.45, for a total transaction of $1,578,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Robert Scott Jones sold 4,167 shares of the company’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $57.33, for a total value of $238,894.11. The disclosure for this sale can be found here. Insiders have sold 3,497,855 shares of company stock worth $190,498,848 in the last quarter. 39.01% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NumerixS Investment Technologies Inc bought a new stake in Alteryx during the second quarter worth about $130,000. Seven Eight Capital LP bought a new stake in Alteryx during the first quarter worth about $222,000. California Public Employees Retirement System bought a new stake in Alteryx during the first quarter worth about $256,000. Citigroup Inc. increased its position in Alteryx by 4,702.5% during the first quarter. Citigroup Inc. now owns 9,653 shares of the company’s stock worth $329,000 after buying an additional 9,452 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its position in Alteryx by 20.9% during the second quarter. Metropolitan Life Insurance Co. NY now owns 9,182 shares of the company’s stock worth $350,000 after buying an additional 1,585 shares during the last quarter. Institutional investors and hedge funds own 42.94% 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.
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