Alteryx (NYSE:AYX) was upgraded by TheStreet from a “d+” rating to a “c” rating in a research note issued on Thursday.
AYX has been the topic of a number of other research reports. JMP Securities upped their target price on Alteryx from $52.00 to $64.00 and gave the company an “outperform” rating in a research report on Thursday. Citigroup set a $81.00 target price on Alteryx and gave the company a “buy” rating in a research report on Tuesday, September 18th. Needham & Company LLC upped their target price on Alteryx from $51.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, August 14th. KeyCorp upped their target price on Alteryx from $53.00 to $61.00 and gave the company an “overweight” rating in a research report on Thursday, August 9th. Finally, Oppenheimer upped their price objective on Alteryx from $48.00 to $56.00 and gave the stock an “outperform” rating in a research report on Thursday, August 9th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Alteryx has an average rating of “Buy” and a consensus price target of $66.45.
Shares of NYSE AYX opened at $57.88 on Thursday. The company has a market capitalization of $3.57 billion, a P/E ratio of -186.71 and a beta of 0.99. Alteryx has a 52 week low of $23.00 and a 52 week high of $67.40. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.71 and a current ratio of 2.71.
Alteryx (NYSE:AYX) last issued its earnings results on Wednesday, November 7th. The company reported $0.03 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.13. The firm had revenue of $54.18 million for the quarter, compared to analyst estimates of $49.79 million. Alteryx had a negative return on equity of 7.38% and a negative net margin of 6.72%. Alteryx’s revenue for the quarter was up 58.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.02 earnings per share. Sell-side analysts predict that Alteryx will post -0.47 earnings per share for the current fiscal year.
In other Alteryx news, major shareholder Abdiel Capital Management, Llc bought 29,855 shares of Alteryx stock in a transaction dated Tuesday, October 23rd. The stock was acquired at an average cost of $42.53 per share, with a total value of $1,269,733.15. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Insight Venture Partners Viii, sold 595,500 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $55.62, for a total value of $33,121,710.00. Following the transaction, the insider now directly owns 930,005 shares of the company’s stock, valued at $51,726,878.10. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 194,855 shares of company stock worth $9,551,233 and sold 3,390,485 shares worth $187,381,390. Corporate insiders own 39.01% of the company’s stock.
Several hedge funds have recently made changes to their positions in AYX. Sandler Capital Management acquired a new position in shares of Alteryx during the 2nd quarter worth approximately $29,515,000. BlackRock Inc. raised its stake in shares of Alteryx by 47.8% during the 2nd quarter. BlackRock Inc. now owns 2,027,578 shares of the company’s stock worth $77,373,000 after buying an additional 655,701 shares during the period. FMR LLC raised its stake in shares of Alteryx by 1,950.6% during the 3rd quarter. FMR LLC now owns 369,100 shares of the company’s stock worth $21,116,000 after buying an additional 351,100 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Alteryx by 219.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 504,173 shares of the company’s stock worth $28,844,000 after buying an additional 346,239 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in shares of Alteryx during the 2nd quarter worth approximately $12,649,000. 43.05% of the stock is owned by institutional investors and hedge funds.
Alteryx Company Profile
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.
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