Alteryx (NYSE:AYX) Hits New 1-Year High at $141.12

Alteryx Inc (NYSE:AYX)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $141.12 and last traded at $140.79, with a volume of 123643 shares changing hands. The stock had previously closed at $135.70.

Several research firms recently weighed in on AYX. Cowen increased their target price on Alteryx from $112.00 to $137.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 26th. Compass Point initiated coverage on Alteryx in a research report on Tuesday, August 13th. They issued a “buy” rating and a $150.00 target price for the company. Oppenheimer lifted their target price on Alteryx from $93.00 to $120.00 and gave the stock an “outperform” rating in a research report on Monday, June 17th. Guggenheim initiated coverage on Alteryx in a research report on Thursday, June 27th. They issued a “buy” rating and a $107.53 target price for the company. Finally, Zacks Investment Research lowered Alteryx from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 5th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $119.04.

The stock’s fifty day moving average price is $122.78 and its 200 day moving average price is $94.21. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.48 and a quick ratio of 1.48. The stock has a market capitalization of $8.77 billion, a P/E ratio of -712.84, a PEG ratio of 53.14 and a beta of 1.24.

Alteryx (NYSE:AYX) last posted its quarterly earnings results on Wednesday, July 31st. The company reported ($0.04) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.09. The firm had revenue of $82.04 million for the quarter, compared to analysts’ expectations of $76.60 million. Alteryx had a negative net margin of 1.71% and a negative return on equity of 1.93%. The business’s revenue for the quarter was up 59.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.09) earnings per share. On average, sell-side analysts expect that Alteryx Inc will post 0.14 earnings per share for the current year.

In other news, Chairman Dean Stoecker sold 76,289 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $130.75, for a total value of $9,974,786.75. Following the transaction, the chairman now directly owns 98,229 shares in the company, valued at $12,843,441.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Robert Scott Jones sold 1,434 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $132.69, for a total transaction of $190,277.46. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 191,772 shares of company stock worth $21,508,582. Company insiders own 19.82% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cooper Haims Advisors LLC purchased a new stake in Alteryx in the first quarter worth about $509,000. AE Wealth Management LLC purchased a new stake in Alteryx in the second quarter worth about $218,000. Assenagon Asset Management S.A. purchased a new stake in Alteryx in the first quarter worth about $4,976,000. Marshall Wace LLP purchased a new stake in Alteryx in the first quarter worth about $6,222,000. Finally, Legal & General Group Plc lifted its stake in Alteryx by 3.4% in the fourth quarter. Legal & General Group Plc now owns 4,541 shares of the company’s stock worth $270,000 after acquiring an additional 149 shares during the period. Hedge funds and other institutional investors own 66.52% of the company’s stock.

Alteryx Company Profile (NYSE:AYX)

Alteryx, Inc operates a self-service data analytics software platform that enables organizations to enhance business outcomes and the productivity of their business analysts, data scientists, and citizen data scientists worldwide. Its software platform includes Alteryx Designer, a data profiling, preparation, blending, and analytics product used to create visual workflows or analytic processes; Alteryx Server, a 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; and Alteryx Promote, an analytics model management product for data scientists and analytics teams to build, manage, monitor, and deploy predictive models into real-time production applications.

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