Zacks Investment Research upgraded shares of Alteryx (NYSE:AYX) from a hold rating to a buy rating in a report released on Tuesday. Zacks Investment Research currently has $30.00 price objective on the stock.

According to Zacks, “Alteryx, Inc. provides self-service data analytics software platform. The Company’s product consists of Alteryx Designer, Alteryx Server and Alteryx Analytics Gallery. Alteryx Designer offer data preparation, blending and analytics which could be deployable in the cloud and on premise; Alteryx Server, a secure and scalable product for sharing and running analytic applications in a Web-based environment and Alteryx Analytics Gallery, a cloud-based collaboration offering which allows users to share workflows in a centralized repository. Alteryx, Inc. is headquartered in Irvine, California. “

Other equities research analysts have also issued reports about the stock. KeyCorp restated a buy rating and set a $24.00 price objective on shares of Alteryx in a report on Friday, September 22nd. Bank of America assumed coverage on shares of Alteryx in a report on Monday, October 16th. They set a buy rating and a $26.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $22.50.

Shares of Alteryx (NYSE:AYX) traded up $0.87 during trading hours on Tuesday, hitting $26.97. 623,200 shares of the company were exchanged, compared to its average volume of 684,153. Alteryx has a fifty-two week low of $14.61 and a fifty-two week high of $29.16. The firm has a market capitalization of $1,600.00 and a price-to-earnings ratio of -48.16.

Alteryx (NYSE:AYX) last issued its quarterly earnings data on Thursday, November 9th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.10. Alteryx had a negative net margin of 18.68% and a negative return on equity of 19.62%. The business had revenue of $34.16 million for the quarter, compared to analyst estimates of $32.06 million. During the same period last year, the business posted ($0.07) earnings per share. The firm’s quarterly revenue was up 52.1% on a year-over-year basis. equities research analysts expect that Alteryx will post -0.33 EPS for the current year.

In other Alteryx news, CFO Kevin Rubin sold 40,000 shares of Alteryx stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $25.99, for a total value of $1,039,600.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Christopher M. Lal sold 15,000 shares of Alteryx stock in a transaction on Friday, November 17th. The shares were sold at an average price of $25.85, for a total transaction of $387,750.00. The disclosure for this sale can be found here. Insiders sold a total of 201,470 shares of company stock worth $5,209,132 over the last quarter.

Hedge funds have recently modified their holdings of the business. Nationwide Fund Advisors acquired a new stake in Alteryx in the 2nd quarter valued at $100,000. Tower Research Capital LLC TRC acquired a new stake in Alteryx in the 2nd quarter valued at $117,000. The Manufacturers Life Insurance Company increased its stake in Alteryx by 685.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,853 shares of the company’s stock valued at $154,000 after buying an additional 6,853 shares during the last quarter. New York State Common Retirement Fund acquired a new stake in Alteryx in the 2nd quarter valued at $187,000. Finally, Invictus RG acquired a new stake in Alteryx in the 3rd quarter valued at $202,000. Hedge funds and other institutional investors own 28.29% of the company’s stock.

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Alteryx Company Profile

Alteryx, Inc is a United States-based provider of self-service data analytics software. The Company offers various products, such as Alteryx Designer, Alteryx Server and Alteryx Analytics Gallery. Alteryx Designer is a repeatable workflow for self-service data analytics. Alteryx Designer allows data analysts by combining data preparation, data blending, and analytics-predictive, statistical and spatial-using the same user interface.

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