Alteryx, Inc. (AYX) Rating Reiterated by KeyCorp
Alteryx, Inc. (NYSE:AYX)‘s stock had its “overweight” rating reiterated by analysts at KeyCorp in a research note issued on Thursday. They presently have a $29.00 target price on the stock, up from their prior target price of $24.00. KeyCorp’s price target indicates a potential upside of 14.62% from the company’s current price.
The analysts wrote, “We are raising our price target to $29 from $24 rolling forward to a 2019 EV/Sales multiple of 7.0x (vs. peers valued at FTM EV/S of 7.0x).””
AYX has been the topic of a number of other reports. Zacks Investment Research raised shares of Alteryx from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Tuesday, September 5th. Bank of America Corporation began coverage on shares of Alteryx in a research note on Monday, October 16th. They issued a “buy” rating and a $26.00 price target on the stock. Finally, Cowen and Company reiterated an “outperform” rating and issued a $23.00 price target (up previously from $21.00) on shares of Alteryx in a research note on Thursday, August 3rd. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $21.70.
Shares of Alteryx (NYSE AYX) opened at $25.30 on Thursday. Alteryx has a fifty-two week low of $14.61 and a fifty-two week high of $26.89.
Alteryx (NYSE:AYX) last issued its earnings results on Thursday, November 9th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.10. The firm had revenue of $34.16 million during the quarter, compared to the consensus estimate of $32.06 million. The firm’s revenue for the quarter was up 52.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.07) earnings per share. sell-side analysts forecast that Alteryx will post -0.47 earnings per share for the current fiscal year.
In other Alteryx news, major shareholder Qualified Master Fund L. Abdiel bought 55,000 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were purchased at an average price of $22.87 per share, for a total transaction of $1,257,850.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Qualified Master Fund L. Abdiel bought 40,000 shares of the firm’s stock in a transaction on Tuesday, August 29th. The shares were acquired at an average price 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 quarter, insiders purchased 2,372,500 shares of company stock worth $50,178,900 and sold 7,700,000 shares worth $155,848,000.
Several large investors have recently made changes to their positions in the business. Nationwide Fund Advisors acquired a new position in shares of Alteryx during the 2nd quarter worth approximately $100,000. Tower Research Capital LLC TRC acquired a new position in shares of Alteryx during the 2nd quarter worth approximately $117,000. The Manufacturers Life Insurance Company grew its position in shares of Alteryx by 685.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,853 shares of the company’s stock worth $154,000 after purchasing an additional 6,853 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Alteryx by 28.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 34,354 shares of the company’s stock worth $699,000 after purchasing an additional 7,597 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Alteryx during the 1st quarter worth approximately $129,000. Hedge funds and other institutional investors own 16.54% of the company’s stock.
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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