First Trust Advisors LP Has $7 Million Position in Alteryx Inc (NYSE:AYX)
First Trust Advisors LP lowered its stake in shares of Alteryx Inc (NYSE:AYX) by 76.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,551 shares of the company’s stock after selling 241,484 shares during the quarter. First Trust Advisors LP’s holdings in Alteryx were worth $7,000,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Alteryx in the 1st quarter valued at $27,387,000. Dorsey Wright & Associates acquired a new stake in shares of Alteryx in the 4th quarter valued at $750,000. Goldman Sachs Group Inc. boosted its holdings in shares of Alteryx by 145.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 428,440 shares of the company’s stock valued at $42,874,000 after purchasing an additional 254,229 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new stake in shares of Alteryx in the 4th quarter valued at $642,000. Finally, ARK Investment Management LLC acquired a new stake in shares of Alteryx in the 4th quarter valued at $5,744,000. 73.09% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CRO Robert Scott Jones sold 1,598 shares of Alteryx stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $86.54, for a total value of $138,290.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Timothy I. Maudlin sold 25,000 shares of Alteryx stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $126.85, for a total value of $3,171,250.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 244,815 shares of company stock valued at $30,287,345. 13.58% of the stock is owned by corporate insiders.
Alteryx (NYSE:AYX) last announced its earnings results on Wednesday, May 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.01). The company had revenue of $108.80 million for the quarter, compared to the consensus estimate of $105.64 million. Alteryx had a return on equity of 7.04% and a net margin of 1.28%. The firm’s revenue for the quarter was up 43.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.04 earnings per share. As a group, equities research analysts expect that Alteryx Inc will post -0.13 EPS for the current year.
A number of equities research analysts have weighed in on AYX shares. TheStreet raised Alteryx from a “d+” rating to a “c-” rating in a report on Thursday, February 13th. Piper Sandler raised Alteryx from a “neutral” rating to an “overweight” rating and raised their target price for the company from $90.00 to $160.00 in a report on Tuesday. ValuEngine raised Alteryx from a “strong sell” rating to a “sell” rating in a report on Friday, February 28th. Zacks Investment Research downgraded Alteryx from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Finally, Bank of America reissued a “buy” rating and set a $160.00 price objective on shares of Alteryx in a report on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company. Alteryx presently has an average rating of “Buy” and a consensus price target of $133.80.
Alteryx, Inc operates a self-service data analytics software platform that enables organizations to enhance business outcomes and the productivity of their business analysts, data scientists, and citizen data scientists worldwide. Its software platform includes Alteryx Designer, a data profiling, preparation, blending, and analytics product used to create visual workflows or analytic processes; Alteryx Server, a server-based product for scheduling, sharing, and running analytic processes and applications in a Web-based environment; Alteryx Connect, a collaborative data exploration platform for discovering information assets and sharing recommendations across the enterprise; and Alteryx Promote, an analytics model management product for data scientists and analytics teams to build, manage, monitor, and deploy predictive models into real-time production applications.
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