Sandler Capital Management lowered its position in Alteryx Inc (NYSE:AYX) by 47.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 55,000 shares of the company’s stock after selling 50,000 shares during the period. Sandler Capital Management’s holdings in Alteryx were worth $6,002,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its holdings in Alteryx by 10.6% during the 4th quarter. Geode Capital Management LLC now owns 315,195 shares of the company’s stock worth $18,743,000 after purchasing an additional 30,139 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in Alteryx by 19.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 8,994 shares of the company’s stock worth $754,000 after purchasing an additional 1,455 shares in the last quarter. Victory Capital Management Inc. bought a new position in Alteryx during the 1st quarter worth about $14,148,000. California Public Employees Retirement System increased its holdings in Alteryx by 88.3% during the 1st quarter. California Public Employees Retirement System now owns 36,496 shares of the company’s stock worth $3,061,000 after purchasing an additional 17,113 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in Alteryx by 103.5% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 12,363 shares of the company’s stock worth $1,037,000 after purchasing an additional 6,289 shares in the last quarter. Institutional investors and hedge funds own 69.77% of the company’s stock.
In related news, insider Robert Scott Jones sold 1,599 shares of the firm’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $114.06, for a total value of $182,381.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher M. Lal sold 5,840 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $112.39, for a total transaction of $656,357.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 145,698 shares of company stock valued at $18,816,004. Company insiders own 19.82% of the company’s stock.
AYX has been the subject of a number of research reports. ValuEngine cut Alteryx from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Guggenheim initiated coverage on Alteryx in a report on Thursday, June 27th. They set a “buy” rating and a $107.53 target price for the company. Cowen increased their target price on Alteryx from $112.00 to $137.00 and gave the stock an “outperform” rating in a report on Wednesday, June 26th. KeyCorp increased their target price on Alteryx from $123.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Finally, Citigroup set a $153.00 target price on Alteryx and gave the stock a “buy” rating in a report on Friday, July 26th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $120.16.
Shares of Alteryx stock traded down $0.82 during trading hours on Wednesday, reaching $116.51. 1,491,182 shares of the company’s stock were exchanged, compared to its average volume of 1,557,126. The company has a 50 day moving average of $131.80 and a two-hundred day moving average of $102.62. Alteryx Inc has a fifty-two week low of $42.23 and a fifty-two week high of $147.79. 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 stock has a market cap of $7.37 billion, a P/E ratio of -582.55, a P/E/G ratio of 44.56 and a beta of 1.13.
Alteryx (NYSE:AYX) last posted its quarterly earnings data on Wednesday, July 31st. The company reported ($0.04) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.09. Alteryx had a negative net margin of 1.71% and a negative return on equity of 1.93%. The company had revenue of $82.04 million during the quarter, compared to the consensus estimate of $76.60 million. During the same period in the prior year, the business posted ($0.09) EPS. The company’s quarterly revenue was up 59.3% on a year-over-year basis. As a group, analysts expect that Alteryx Inc will post 0.14 earnings per share 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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