Brokerages Set Alteryx, Inc. (AYX) Price Target at $20.44
Shares of Alteryx, Inc. (NYSE:AYX) have been given a consensus rating of “Buy” by the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $20.44.
A number of analysts have issued reports on the company. Zacks Investment Research raised 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. Cowen and Company reaffirmed 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. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $24.00 target price (up previously from $22.00) on shares of Alteryx in a report on Monday, June 12th.
In other news, major shareholder Qualified Master Fund L. Abdiel acquired 27,104 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were bought at an average price of $22.82 per share, with a total value of $618,513.28. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Qualified Master Fund L. Abdiel acquired 30,000 shares of the firm’s stock in a transaction dated Tuesday, July 11th. The shares were purchased at an average cost of $19.94 per share, for a total transaction of $598,200.00. The disclosure for this purchase can be found here. In the last three months, insiders have bought 2,886,344 shares of company stock worth $60,785,139 and have sold 7,700,000 shares worth $155,848,000.
Several large investors have recently made changes to their positions in the company. Nationwide Fund Advisors acquired a new stake in shares of Alteryx during the 2nd quarter worth approximately $100,000. Tower Research Capital LLC TRC acquired a new stake in Alteryx in the 2nd quarter valued at $117,000. The Manufacturers Life Insurance Company boosted its stake in Alteryx by 685.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,853 shares of the company’s stock valued at $154,000 after buying an additional 6,853 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Alteryx in the 1st quarter valued at $129,000. Finally, New York State Common Retirement Fund acquired a new stake in Alteryx in the 2nd quarter valued at $187,000. 91.29% of the stock is currently owned by institutional investors.
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Alteryx (AYX) traded down 1.88% during trading on Friday, reaching $19.28. The company’s stock had a trading volume of 576,322 shares. The firm’s market capitalization is $1.13 billion. The stock’s 50-day moving average is $21.66 and its 200 day moving average is $19.37. Alteryx has a 52-week low of $14.61 and a 52-week high of $24.07.
Alteryx (NYSE:AYX) last released its earnings results on Wednesday, August 2nd. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.05. The business had revenue of $30.30 million during the quarter, compared to analyst estimates of $29.33 million. The firm’s quarterly revenue was up 52.3% on a year-over-year basis. On average, analysts predict that Alteryx will post ($0.33) EPS for the current fiscal year.
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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