Zacks Investment Research cut shares of Alteryx, Inc. (NYSE:AYX) from a buy rating to a hold rating in a research note published on Wednesday morning.

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 research analysts have also recently issued research reports about the stock. KeyCorp restated a buy rating and issued a $24.00 target price on shares of Alteryx in a report on Friday, September 22nd. Cowen and Company restated an outperform rating and issued a $23.00 target price (up previously from $21.00) on shares of Alteryx in a report on Thursday, August 3rd. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Alteryx has a consensus rating of Buy and an average target price of $20.44.

Shares of Alteryx (NYSE AYX) opened at 20.37 on Wednesday. The stock has a 50 day moving average of $21.66 and a 200-day moving average of $19.37. The company’s market capitalization is $1.20 billion. Alteryx has a 1-year low of $14.61 and a 1-year high of $24.07.

Alteryx (NYSE:AYX) last issued its earnings results on Wednesday, August 2nd. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.05. The firm had revenue of $30.30 million during the quarter, compared to the consensus estimate of $29.33 million. The business’s revenue for the quarter was up 52.3% compared to the same quarter last year. Analysts forecast that Alteryx will post ($0.33) earnings per share for the current year.

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In related news, Chairman Dean Stoecker sold 600,000 shares of Alteryx stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $20.24, for a total value of $12,144,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Reuters Corp /Can/ Thomson sold 2,000,000 shares of Alteryx stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $20.24, for a total transaction of $40,480,000.00. The disclosure for this sale can be found here. In the last quarter, insiders purchased 2,673,272 shares of company stock worth $56,572,529 and sold 7,700,000 shares worth $155,848,000.

A number of large investors have recently added to or reduced their stakes in AYX. Sapphire Ventures L.L.C. bought a new stake in Alteryx in the first quarter valued at $96,785,000. ICONIQ Capital LLC bought a new stake in Alteryx in the first quarter valued at $52,298,000. Abdiel Capital Advisors LP bought a new stake in Alteryx in the second quarter valued at $24,460,000. Vanguard Group Inc. boosted its holdings in Alteryx by 2,833.6% in the second quarter. Vanguard Group Inc. now owns 586,718 shares of the company’s stock valued at $11,453,000 after acquiring an additional 566,718 shares in the last quarter. Finally, FMR LLC bought a new stake in Alteryx in the first quarter valued at $6,400,000. Institutional investors and hedge funds own 16.64% of the company’s stock.

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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