National Wealth Management Group LLC Acquires Shares of 7,080 Alteryx, Inc. (NYSE:AYX)

National Wealth Management Group LLC acquired a new stake in Alteryx, Inc. (NYSE:AYX) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 7,080 shares of the company’s stock, valued at approximately $334,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AYX. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in shares of Alteryx during the 4th quarter valued at approximately $202,000. Federated Hermes Inc. grew its position in shares of Alteryx by 28.7% during the 4th quarter. Federated Hermes Inc. now owns 1,994,623 shares of the company’s stock valued at $94,066,000 after acquiring an additional 445,023 shares during the period. Blue Trust Inc. grew its position in shares of Alteryx by 27,580.0% during the 4th quarter. Blue Trust Inc. now owns 2,768 shares of the company’s stock valued at $131,000 after acquiring an additional 2,758 shares during the period. SG Americas Securities LLC grew its position in shares of Alteryx by 194.1% during the 4th quarter. SG Americas Securities LLC now owns 12,601 shares of the company’s stock valued at $594,000 after acquiring an additional 8,317 shares during the period. Finally, Michael S. Ryan Inc. bought a new position in shares of Alteryx during the 4th quarter valued at approximately $213,000. Hedge funds and other institutional investors own 72.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AYX. Piper Sandler reissued a “neutral” rating and set a $48.25 target price on shares of Alteryx in a research report on Wednesday, February 7th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $48.25 price objective on shares of Alteryx in a report on Friday, February 9th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $60.00 price objective on shares of Alteryx in a report on Monday, February 5th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $47.75.

Insiders Place Their Bets

In other news, insider Christopher M. Lal bought 9,156 shares of the stock in a transaction on Friday, March 8th. The shares were acquired at an average cost of $48.16 per share, for a total transaction of $440,952.96. Following the purchase, the insider now directly owns 118,001 shares of the company’s stock, valued at approximately $5,682,928.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Christopher M. Lal acquired 9,156 shares of the stock in a transaction dated Friday, March 8th. The shares were purchased at an average price of $48.16 per share, for a total transaction of $440,952.96. Following the transaction, the insider now owns 118,001 shares in the company, valued at approximately $5,682,928.16. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dean Stoecker acquired 35,000 shares of the stock in a transaction dated Thursday, February 1st. The shares were bought at an average price of $47.46 per share, for a total transaction of $1,661,100.00. Following the transaction, the director now owns 60,000 shares in the company, valued at approximately $2,847,600. The disclosure for this purchase can be found here. Insiders have bought 86,656 shares of company stock worth $4,137,803 in the last three months. 13.56% of the stock is currently owned by corporate insiders.

Alteryx Price Performance

NYSE AYX traded up $0.01 on Monday, hitting $48.26. The stock had a trading volume of 6,824,300 shares, compared to its average volume of 2,139,038. Alteryx, Inc. has a 52-week low of $27.92 and a 52-week high of $59.65. The company has a debt-to-equity ratio of 4.42, a quick ratio of 1.45 and a current ratio of 1.45. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of -18.56 and a beta of 0.49. The firm has a 50-day moving average of $48.16 and a 200-day moving average of $44.10.

Alteryx (NYSE:AYX) last posted its earnings results on Tuesday, February 6th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.67. Alteryx had a negative net margin of 18.46% and a negative return on equity of 118.87%. The business had revenue of $351.00 million for the quarter, compared to analysts’ expectations of $337.67 million. Equities analysts expect that Alteryx, Inc. will post -1.22 EPS for the current year.

About Alteryx

Alteryx, Inc, together with its subsidiaries, operates in the analytics automation business in the United States and internationally. The company's analytics platform automates tasks for workers across the analytics value chain. Its analytics platform comprises Alteryx Designer, a data profiling, preparation, blending, and analytics product; Alteryx Server, a server-based product for scheduling, sharing, and running analytic processes and applications in a web-based environment; Alteryx Intelligence Suite, a solution that provides automated modeling, optical character recognition, and natural language processing; and Alteryx Connect, a collaborative data exploration platform.