Corvex Management LP purchased a new position in shares of Alteryx Inc (NYSE:AYX) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 328,000 shares of the company’s stock, valued at approximately $35,791,000. Alteryx comprises 1.4% of Corvex Management LP’s holdings, making the stock its 11th biggest holding. Corvex Management LP owned about 0.52% of Alteryx as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in AYX. ICONIQ Capital LLC grew its stake in Alteryx by 324.6% during the 1st quarter. ICONIQ Capital LLC now owns 1,819,965 shares of the company’s stock worth $152,640,000 after buying an additional 1,391,365 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Alteryx by 30.6% in the 2nd quarter. Vanguard Group Inc. now owns 3,990,240 shares of the company’s stock valued at $435,414,000 after purchasing an additional 935,331 shares during the last quarter. Brown Capital Management LLC grew its stake in shares of Alteryx by 15.2% in the 2nd quarter. Brown Capital Management LLC now owns 3,767,890 shares of the company’s stock valued at $411,152,000 after purchasing an additional 498,223 shares during the last quarter. Invesco Ltd. grew its stake in shares of Alteryx by 162.9% in the 2nd quarter. Invesco Ltd. now owns 584,092 shares of the company’s stock valued at $63,736,000 after purchasing an additional 361,959 shares during the last quarter. Finally, OppenheimerFunds Inc. purchased a new position in shares of Alteryx in the 1st quarter valued at approximately $21,279,000. Hedge funds and other institutional investors own 69.77% of the company’s stock.
Several brokerages have weighed in on AYX. William Blair reiterated an “outperform” rating on shares of Alteryx in a research note on Wednesday, July 31st. Oppenheimer lifted their target price on Alteryx from $93.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, June 17th. ValuEngine downgraded Alteryx from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Cowen lifted their target price on Alteryx from $112.00 to $137.00 and gave the company an “outperform” rating in a research note on Wednesday, June 26th. Finally, Guggenheim began coverage on Alteryx in a research note on Thursday, June 27th. They issued a “buy” rating and a $107.53 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Alteryx currently has an average rating of “Buy” and a consensus target price of $120.16.
In related news, insider Robert Scott Jones sold 4,167 shares of Alteryx stock in a transaction on Monday, July 1st. The stock was sold at an average price of $110.96, for a total transaction of $462,370.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kevin Rubin sold 13,000 shares of Alteryx stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $117.98, for a total value of $1,533,740.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 145,698 shares of company stock valued at $18,816,004. 19.82% of the stock is currently owned by insiders.
Shares of AYX traded down $2.21 during mid-day trading on Wednesday, hitting $115.12. The company’s stock had a trading volume of 43,055 shares, compared to its average volume of 1,557,126. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.09. The firm has a 50-day simple moving average of $131.80 and a 200 day simple moving average of $102.62. The firm has a market capitalization of $7.37 billion, a P/E ratio of -586.95, a P/E/G ratio of 44.56 and a beta of 1.13. Alteryx Inc has a 1-year low of $42.23 and a 1-year high of $147.79.
Alteryx (NYSE:AYX) last issued its quarterly earnings data on Wednesday, July 31st. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.09. The firm had revenue of $82.04 million during the quarter, compared to analysts’ expectations of $76.60 million. Alteryx had a negative return on equity of 1.93% and a negative net margin of 1.71%. Alteryx’s revenue was up 59.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.09) earnings per share. As a group, sell-side analysts predict that Alteryx Inc will post 0.14 EPS for the current fiscal year.
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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