Alteryx, Inc. (AYX) PT Raised to $28.00
Alteryx, Inc. (NYSE:AYX) had its price objective hoisted by stock analysts at Bank of America Corporation from $26.00 to $28.00 in a note issued to investors on Friday. The brokerage currently has a “buy” rating on the stock. Bank of America Corporation’s target price would indicate a potential upside of 10.67% from the company’s current price.
A number of other equities research analysts have also recently weighed in on the company. Zacks Investment Research cut Alteryx from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Cowen and Company restated an “outperform” rating and issued a $23.00 price target (up previously from $21.00) on shares of Alteryx in a report on Thursday, August 3rd. Finally, KeyCorp restated a “buy” rating and issued a $24.00 price target on shares of Alteryx in a 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 company. The stock presently has an average rating of “Buy” and an average target price of $21.70.
Shares of Alteryx (NYSE AYX) opened at $25.30 on Friday. Alteryx has a fifty-two week low of $14.61 and a fifty-two week high of $26.89.
Alteryx (NYSE:AYX) last released its quarterly earnings results on Thursday, November 9th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.10. The firm had revenue of $34.16 million during the quarter, compared to analyst estimates of $32.06 million. The business’s revenue was up 52.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.07) EPS. analysts predict that Alteryx will post -0.47 EPS for the current fiscal year.
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In related news, major shareholder Qualified Master Fund L. Abdiel bought 60,000 shares of Alteryx stock in a transaction that occurred on Friday, September 15th. The shares were purchased at an average price of $18.98 per share, with a total value of $1,138,800.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Qualified Master Fund L. Abdiel bought 2,000,000 shares of Alteryx stock in a transaction that occurred on Thursday, September 14th. The stock was bought at an average cost of $21.21 per share, for a total transaction of $42,420,000.00. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 2,372,500 shares of company stock worth $50,178,900 and sold 7,700,000 shares worth $155,848,000.
A number of hedge funds have recently bought and sold shares of AYX. Abdiel Capital Advisors LP purchased a new stake in Alteryx in the 2nd quarter valued at approximately $24,460,000. Vanguard Group Inc. lifted its stake in Alteryx by 2,833.6% in the 2nd 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 in the last quarter. FMR LLC purchased a new position in shares of Alteryx during the 1st quarter worth $6,400,000. Citadel Advisors LLC lifted its stake in shares of Alteryx by 1,570.2% during the 3rd quarter. Citadel Advisors LLC now owns 354,954 shares of the company’s stock worth $7,230,000 after purchasing an additional 333,702 shares during the period. Finally, Tygh Capital Management Inc. lifted its stake in shares of Alteryx by 1,668.0% during the 2nd quarter. Tygh Capital Management Inc. now owns 353,590 shares of the company’s stock worth $6,902,000 after purchasing an additional 333,590 shares during the period. 16.54% of the stock is currently owned by hedge funds and other institutional investors.
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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