Alteryx Inc (NYSE:AYX) has been given a consensus recommendation of “Buy” by the fifteen brokerages that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $67.09.
Several research firms recently issued reports on AYX. JMP Securities raised their price target on Alteryx from $52.00 to $64.00 and gave the company an “outperform” rating in a report on Thursday, November 8th. Cowen raised their target price on Alteryx from $64.00 to $76.00 and gave the stock an “outperform” rating in a report on Thursday, November 8th. Zacks Investment Research upgraded Alteryx from a “sell” rating to a “hold” rating in a report on Monday, September 24th. Wedbush began coverage on Alteryx in a report on Thursday, December 6th. They set an “outperform” rating and a $72.00 target price on the stock. Finally, DA Davidson set a $66.00 target price on Alteryx and gave the stock a “hold” rating in a report on Thursday, November 8th. They noted that the move was a valuation call.
In other news, insider Robert Scott Jones sold 4,166 shares of the firm’s stock in a transaction dated Tuesday, October 30th. The stock was sold at an average price of $43.98, for a total transaction of $183,220.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Christopher M. Lal sold 795 shares of the firm’s stock in a transaction dated Friday, December 14th. The stock was sold at an average price of $61.48, for a total value of $48,876.60. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 194,855 shares of company stock worth $9,551,233 and have sold 167,001 shares worth $9,020,595. Company insiders own 39.01% of the company’s stock.
A number of institutional investors have recently made changes to their positions in AYX. Capital World Investors increased its position in shares of Alteryx by 87.8% during the 3rd quarter. Capital World Investors now owns 3,230,433 shares of the company’s stock worth $184,813,000 after purchasing an additional 1,510,000 shares during the last quarter. Sandler Capital Management bought a new position in shares of Alteryx during the 2nd quarter worth approximately $29,515,000. Renaissance Technologies LLC boosted its stake in shares of Alteryx by 444.3% during the 3rd quarter. Renaissance Technologies LLC now owns 894,298 shares of the company’s stock worth $51,163,000 after acquiring an additional 730,000 shares during the period. Franklin Resources Inc. boosted its stake in shares of Alteryx by 644.7% during the 3rd quarter. Franklin Resources Inc. now owns 773,719 shares of the company’s stock worth $44,264,000 after acquiring an additional 669,819 shares during the period. Finally, BlackRock Inc. boosted its stake in shares of Alteryx by 47.8% during the 2nd quarter. BlackRock Inc. now owns 2,027,578 shares of the company’s stock worth $77,373,000 after acquiring an additional 655,701 shares during the period. 53.99% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:AYX traded up $0.59 during midday trading on Friday, reaching $69.08. The company’s stock had a trading volume of 41,201 shares, compared to its average volume of 900,787. Alteryx has a fifty-two week low of $24.46 and a fifty-two week high of $70.47. The firm has a market cap of $4.02 billion, a PE ratio of -222.84 and a beta of 0.97. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.64 and a current ratio of 2.64.
Alteryx (NYSE:AYX) last announced its earnings results on Wednesday, November 7th. The company reported $0.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.13. The company had revenue of $54.18 million during the quarter, compared to analyst estimates of $49.79 million. Alteryx had a negative return on equity of 7.06% and a negative net margin of 6.72%. The firm’s quarterly revenue was up 58.6% compared to the same quarter last year. During the same period last year, the company posted $0.02 earnings per share. On average, analysts anticipate that Alteryx will post -0.3 EPS for the current fiscal year.
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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