Alteryx, Inc. (AYX) Holdings Cut by K2 Principal Fund L.P.
K2 Principal Fund L.P. cut its position in Alteryx, Inc. (NYSE:AYX) by 20.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 50,000 shares of the company’s stock after selling 12,873 shares during the period. K2 Principal Fund L.P. owned approximately 0.09% of Alteryx worth $1,019,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the business. Capital World Investors grew its position in Alteryx by 16.9% during the second quarter. Capital World Investors now owns 1,444,433 shares of the company’s stock valued at $28,195,000 after buying an additional 209,108 shares during the period. Abdiel Capital Advisors LP bought a new stake in Alteryx during the second quarter valued at approximately $24,460,000. Vanguard Group Inc. grew its position in Alteryx by 2,833.6% during the second quarter. Vanguard Group Inc. now owns 586,718 shares of the company’s stock valued at $11,453,000 after buying an additional 566,718 shares during the period. FMR LLC bought a new stake in Alteryx during the first quarter valued at approximately $6,400,000. Finally, Tygh Capital Management Inc. grew its position in Alteryx by 1,668.0% during the second quarter. Tygh Capital Management Inc. now owns 353,590 shares of the company’s stock valued at $6,902,000 after buying an additional 333,590 shares during the period. 18.53% of the stock is owned by institutional investors and hedge funds.
Shares of Alteryx, Inc. (NYSE AYX) opened at $27.22 on Friday. Alteryx, Inc. has a 12-month low of $14.61 and a 12-month high of $27.58.
Alteryx (NYSE:AYX) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $32.06 million. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. The company’s revenue for the quarter was up 52.1% on a year-over-year basis. equities analysts forecast that Alteryx, Inc. will post -0.33 earnings per share for the current year.
In other Alteryx news, Chairman Dean Stoecker sold 600,000 shares of Alteryx stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $20.24, for a total transaction of $12,144,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Qualified Master Fund L. Abdiel purchased 40,000 shares of the stock in a transaction on Tuesday, August 29th. The shares were purchased at an average cost of $22.70 per share, for a total transaction of $908,000.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 2,272,500 shares of company stock worth $47,909,900 and have sold 7,781,470 shares worth $157,958,732.
AYX has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Alteryx from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Tuesday, August 8th. Cowen Inc restated an “outperform” rating and set a $23.00 target price (up from $21.00) on shares of Alteryx in a research report on Thursday, August 3rd. Bank of America Corporation boosted their target price on shares of Alteryx from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Finally, KeyCorp restated a “buy” rating and set a $24.00 target price on shares of Alteryx in a research report on Friday, September 22nd. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Alteryx has an average rating of “Buy” and a consensus target price of $21.70.
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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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