Alteryx (NYSE:AYX) had its price objective boosted by Oppenheimer from $48.00 to $56.00 in a research note issued to investors on Thursday, The Fly reports. Oppenheimer currently has an outperform rating on the stock.

A number of other brokerages also recently issued reports on AYX. KeyCorp restated a hold rating on shares of Alteryx in a research report on Wednesday, May 9th. DA Davidson boosted their price target on shares of Alteryx to $52.00 and gave the stock a neutral rating in a research report on Thursday. Needham & Company LLC boosted their price target on shares of Alteryx from $39.00 to $43.00 and gave the stock a buy rating in a research report on Thursday, May 10th. Citigroup boosted their price target on shares of Alteryx from $57.00 to $61.00 and gave the stock a buy rating in a research report on Thursday. Finally, ValuEngine upgraded shares of Alteryx from a hold rating to a buy rating in a research report on Wednesday, May 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. Alteryx has a consensus rating of Buy and an average price target of $46.10.

Shares of NYSE AYX opened at $55.03 on Thursday. The company has a market capitalization of $3.35 billion, a PE ratio of -177.52 and a beta of -0.90. Alteryx has a 52-week low of $18.64 and a 52-week high of $57.43.

Alteryx (NYSE:AYX) last issued its quarterly earnings results on Wednesday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.01. The firm had revenue of $46.80 million for the quarter, compared to the consensus estimate of $43.79 million. Alteryx had a negative net margin of 9.44% and a negative return on equity of 9.92%. The company’s revenue for the quarter was up 54.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.09) EPS. equities research analysts forecast that Alteryx will post -0.43 earnings per share for the current fiscal year.

In related news, CRO Robert Scott Jones sold 6,076 shares of the business’s stock in a transaction on Friday, June 1st. The shares were sold at an average price of $33.82, for a total transaction of $205,490.32. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Dean Stoecker sold 40,000 shares of the business’s stock in a transaction on Friday, July 27th. The shares were sold at an average price of $43.29, for a total transaction of $1,731,600.00. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 620,000 shares of company stock worth $21,349,000 and have sold 256,780 shares worth $9,793,171. 39.01% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in AYX. Wells Fargo & Company MN increased its stake in Alteryx by 134.6% during the 4th quarter. Wells Fargo & Company MN now owns 33,760 shares of the company’s stock valued at $853,000 after purchasing an additional 19,370 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Alteryx by 112.0% during the 4th quarter. Bank of New York Mellon Corp now owns 72,841 shares of the company’s stock valued at $1,840,000 after purchasing an additional 38,487 shares in the last quarter. BlackRock Inc. increased its stake in Alteryx by 92.0% during the 4th quarter. BlackRock Inc. now owns 1,329,504 shares of the company’s stock valued at $33,596,000 after purchasing an additional 636,948 shares in the last quarter. Geode Capital Management LLC increased its stake in Alteryx by 53.7% during the 4th quarter. Geode Capital Management LLC now owns 203,201 shares of the company’s stock valued at $5,134,000 after purchasing an additional 70,971 shares in the last quarter. Finally, Two Sigma Advisers LP bought a new stake in Alteryx during the 4th quarter valued at $751,000. Institutional investors own 36.33% of the company’s stock.

About Alteryx

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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Analyst Recommendations for Alteryx (NYSE:AYX)

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