BlackRock Inc. lifted its position in shares of Alteryx Inc (NYSE:AYX) by 47.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,027,578 shares of the company’s stock after purchasing an additional 655,701 shares during the period. BlackRock Inc. owned 3.35% of Alteryx worth $77,373,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Seven Eight Capital LP acquired a new position in shares of Alteryx during the 1st quarter worth about $222,000. California Public Employees Retirement System acquired a new position in shares of Alteryx during the 1st quarter worth about $256,000. Citigroup Inc. increased its stake in shares of Alteryx by 4,702.5% during the 1st quarter. Citigroup Inc. now owns 9,653 shares of the company’s stock worth $329,000 after purchasing an additional 9,452 shares during the last quarter. Malaga Cove Capital LLC acquired a new position in shares of Alteryx during the 2nd quarter worth about $381,000. Finally, Affinity Investment Advisors LLC acquired a new position in shares of Alteryx during the 2nd quarter worth about $381,000. Institutional investors own 42.94% of the company’s stock.
Shares of AYX opened at $52.08 on Tuesday. Alteryx Inc has a 52 week low of $20.37 and a 52 week high of $63.18. The stock has a market capitalization of $3.48 billion, a P/E ratio of -166.23 and a beta of 0.27. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 0.91.
Alteryx (NYSE:AYX) last announced its quarterly earnings results on Wednesday, August 8th. The company reported ($0.09) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.01. Alteryx had a negative net margin of 9.44% and a negative return on equity of 9.44%. The business had revenue of $46.80 million for the quarter, compared to analyst estimates of $43.79 million. During the same quarter in the prior year, the business earned ($0.09) EPS. Alteryx’s quarterly revenue was up 54.5% on a year-over-year basis. Equities analysts expect that Alteryx Inc will post -0.47 earnings per share for the current year.
Several research analysts have recently weighed in on the stock. KeyCorp restated a “buy” rating on shares of Alteryx in a research note on Wednesday, August 8th. Oppenheimer boosted their price objective on shares of Alteryx from $48.00 to $56.00 and gave the stock an “outperform” rating in a research note on Thursday, August 9th. Citigroup assumed coverage on shares of Alteryx in a research note on Friday, June 22nd. They set an “outperform” rating and a $48.00 price objective on the stock. Rosenblatt Securities assumed coverage on shares of Alteryx in a research note on Monday, July 9th. They set a “buy” rating on the stock. Finally, Needham & Company LLC boosted their price objective on shares of Alteryx from $51.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, August 14th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $49.50.
In related news, CFO Kevin Rubin sold 8,500 shares of the company’s stock in a transaction dated Monday, July 16th. The shares were sold at an average price of $42.03, for a total value of $357,255.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Dean Stoecker sold 40,000 shares of the business’s stock in a transaction dated Wednesday, September 26th. The shares were sold at an average price of $61.54, for a total transaction of $2,461,600.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,443,986 shares of company stock worth $190,298,921. 39.01% of the stock is owned by company insiders.
Alteryx, Inc operates a self-service data analytics software platform that enables organizations to enhance business outcomes and the productivity of their business analysts. Its software platform includes Alteryx Designer for data preparation, blending, and analytics that could be deployable in the cloud and on premise; Alteryx Server, a secure and scalable 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; Alteryx Promote, an analytics model management product for data scientists and analytics teams to build, manage, monitor, and deploy predictive models to production; and Alteryx Analytics Gallery, a cloud-based collaboration offering that allows users to share workflows in a centralized repository.
Read More: Compound Annual Growth Rate (CAGR)
Receive News & Ratings for Alteryx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alteryx and related companies with MarketBeat.com's FREE daily email newsletter.