Goldman Sachs Group Inc. Trims Holdings in Alteryx, Inc. (AYX)
Goldman Sachs Group Inc. lowered its position in Alteryx, Inc. (NYSE:AYX) by 74.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,034 shares of the company’s stock after selling 91,579 shares during the quarter. Goldman Sachs Group Inc. owned 0.05% of Alteryx worth $606,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the business. Nationwide Fund Advisors bought a new stake in shares of Alteryx in the 2nd quarter worth approximately $100,000. SG Americas Securities LLC bought a new stake in shares of Alteryx in the 1st quarter worth approximately $129,000. New York State Common Retirement Fund acquired a new position in shares of Alteryx in the 2nd quarter worth approximately $187,000. Rhumbline Advisers acquired a new position in shares of Alteryx in the 2nd quarter worth approximately $195,000. Finally, Schwab Charles Investment Management Inc. acquired a new position in shares of Alteryx in the 2nd quarter worth approximately $291,000. Institutional investors own 16.54% of the company’s stock.
Shares of Alteryx, Inc. (NYSE:AYX) opened at $25.30 on Friday. Alteryx, Inc. has a twelve month low of $14.61 and a twelve month 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, beating the Zacks’ consensus estimate of ($0.08) by $0.10. The business had revenue of $34.16 million for the quarter, compared to analyst estimates of $32.06 million. During the same period in the prior year, the business earned ($0.07) earnings per share. The company’s revenue for the quarter was up 52.1% on a year-over-year basis. sell-side analysts expect that Alteryx, Inc. will post -0.47 EPS for the current year.
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A number of equities analysts have recently issued reports on the company. Zacks Investment Research cut Alteryx from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Bank of America Corporation increased their target price on Alteryx from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Friday. Finally, KeyCorp reissued an “overweight” rating and issued a $29.00 target price (up from $24.00) on shares of Alteryx in a report on Thursday. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $21.70.
In related news, major shareholder Reuters Corp /Can/ Thomson sold 2,000,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $20.24, for a total transaction of $40,480,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Qualified Master Fund L. Abdiel purchased 45,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were acquired at an average cost of $22.47 per share, with a total value of $1,011,150.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 2,372,500 shares of company stock valued at $50,178,900 and have sold 7,700,000 shares valued at $155,848,000.
Alteryx Company Profile
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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