Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Alteryx (AYX) Stock Price
News headlines about Alteryx (NYSE:AYX) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Alteryx earned a news sentiment score of 0.23 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.2574922688392 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern’s rankings:
- Alteryx, Inc. (NYSE:AYX) Expected to Announce Earnings of -$0.12 Per Share (americanbankingnews.com)
- Alteryx Joins Forces with Plotly to Enable Data Visualization Throughout the Analytics Lifecycle (finance.yahoo.com)
- Alteryx, Inc. (AYX) Major Shareholder Acquires $618,513.28 in Stock (americanbankingnews.com)
- Alteryx Named in Top Ten of the Best Places to Work in Orange County 2017 (finance.yahoo.com)
- Mimecast (MIME) Shows Strength: Stock Adds 5.7% in Session (zacks.com)
Shares of Alteryx (NYSE AYX) opened at 22.50 on Friday. The stock’s market capitalization is $1.32 billion. The firm’s 50-day moving average price is $20.97 and its 200 day moving average price is $18.77. Alteryx has a 52 week low of $14.61 and a 52 week high of $23.55.
Alteryx (NYSE:AYX) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.05. The business had revenue of $30.30 million for the quarter, compared to analyst estimates of $29.33 million. The firm’s revenue was up 52.3% compared to the same quarter last year. Analysts expect that Alteryx will post ($0.33) earnings per share for the current year.
AYX has been the topic of several recent analyst reports. J P Morgan Chase & Co initiated coverage on Alteryx in a research note on Tuesday, April 18th. They set a “neutral” rating and a $18.00 target price on the stock. KeyCorp initiated coverage on Alteryx in a research note on Tuesday, April 18th. They set an “overweight” rating and a $20.00 target price on the stock. Raymond James Financial, Inc. initiated coverage on Alteryx in a research note on Tuesday, April 18th. They set an “outperform” rating and a $20.00 target price on the stock. William Blair reiterated an “outperform” rating and set a $17.00 target price on shares of Alteryx in a research note on Tuesday, April 18th. Finally, Cowen and Company initiated coverage on Alteryx in a research note on Tuesday, April 18th. They set an “outperform” rating and a $21.00 target price on the stock. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $20.89.
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In related news, major shareholder Qualified Master Fund L. Abdiel acquired 77,500 shares of the company’s stock in a transaction dated Friday, July 7th. The shares were purchased at an average cost of $19.50 per share, with a total value of $1,511,250.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Qualified Master Fund L. Abdiel acquired 163,072 shares of the company’s stock in a transaction dated Tuesday, June 27th. The shares were bought at an average cost of $19.86 per share, for a total transaction of $3,238,609.92. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 513,844 shares of company stock worth $10,606,239.
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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