Alyeska Investment Group L.P. Invests $6.62 Million in Alteryx Inc (AYX)
Alyeska Investment Group L.P. purchased a new stake in shares of Alteryx Inc (NYSE:AYX) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 325,000 shares of the company’s stock, valued at approximately $6,620,000. Alyeska Investment Group L.P. owned about 0.55% of Alteryx at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nationwide Fund Advisors bought a new stake in Alteryx during the second quarter worth approximately $100,000. Tower Research Capital LLC TRC bought a new stake in Alteryx during the second quarter worth approximately $117,000. The Manufacturers Life Insurance Company raised its holdings in Alteryx by 685.3% during the second 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. New York State Common Retirement Fund bought a new stake in Alteryx during the second quarter worth approximately $187,000. Finally, Rhumbline Advisers bought a new stake in Alteryx during the second quarter worth approximately $195,000. 28.29% of the stock is currently owned by institutional investors.
Alteryx Inc (NYSE:AYX) opened at $28.02 on Tuesday. Alteryx Inc has a 12-month low of $14.61 and a 12-month high of $28.42.
Alteryx (NYSE:AYX) last posted its quarterly earnings data on Thursday, November 9th. The company reported $0.02 earnings per share for the quarter, topping 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 firm had revenue of $34.16 million for the quarter, compared to analysts’ expectations of $32.06 million. During the same period in the previous year, the company posted ($0.07) EPS. The company’s quarterly revenue was up 52.1% compared to the same quarter last year. equities research analysts anticipate that Alteryx Inc will post -0.33 earnings per share for the current fiscal year.
In other Alteryx news, SVP Christopher M. Lal sold 15,000 shares of Alteryx stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $25.85, for a total transaction of $387,750.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Kevin Rubin sold 40,000 shares of Alteryx stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $25.99, for a total transaction of $1,039,600.00. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 2,135,000 shares of company stock worth $45,474,300 and have sold 81,470 shares worth $2,110,732.
Several equities research analysts recently commented on the company. Bank of America boosted their target price on Alteryx from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, November 10th. Zacks Investment Research lowered shares of Alteryx from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. Finally, KeyCorp restated an “overweight” rating and issued a $29.00 price target (up previously from $24.00) on shares of Alteryx in a research report on Thursday, November 9th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $21.70.
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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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