Alteryx (NYSE:AYX) Receives “Buy” Rating from Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Alteryx (NYSE:AYX) in a research report released on Tuesday morning, reports. Needham & Company LLC currently has a $140.00 price objective on the stock.

AYX has been the topic of several other reports. DA Davidson reduced their price objective on Alteryx from $123.00 to $95.00 and set a neutral rating on the stock in a research note on Friday, November 1st. William Blair reiterated an outperform rating on shares of Alteryx in a report on Wednesday, July 31st. KeyCorp boosted their target price on Alteryx from $123.00 to $145.00 and gave the stock an overweight rating in a research note on Thursday, August 1st. Zacks Investment Research downgraded Alteryx from a buy rating to a hold rating in a report on Thursday, October 3rd. Finally, Wedbush set a $126.00 price target on Alteryx and gave the stock a buy rating in a report on Friday, November 1st. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Alteryx has an average rating of Buy and a consensus target price of $121.10.

AYX traded up $2.25 during trading hours on Tuesday, hitting $106.48. 2,639,644 shares of the company’s stock were exchanged, compared to its average volume of 1,382,474. Alteryx has a 12-month low of $48.34 and a 12-month high of $147.79. The firm has a 50 day moving average of $100.04 and a 200 day moving average of $109.56. The firm has a market cap of $6.34 billion, a P/E ratio of -532.40, a price-to-earnings-growth ratio of 9.71 and a beta of 1.00. The company has a current ratio of 5.22, a quick ratio of 5.22 and a debt-to-equity ratio of 1.69.

Alteryx (NYSE:AYX) last released its earnings results on Thursday, October 31st. The company reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.15. Alteryx had a negative net margin of 3.31% and a positive return on equity of 1.09%. The company had revenue of $103.40 million for the quarter, compared to analyst estimates of $90.42 million. During the same period in the prior year, the business earned $0.08 EPS. The firm’s quarterly revenue was up 65.2% on a year-over-year basis. As a group, research analysts expect that Alteryx will post 0.25 EPS for the current fiscal year.

In other Alteryx news, insider Christopher M. Lal sold 5,840 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $141.90, for a total value of $828,696.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CRO Robert Scott Jones sold 4,166 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $144.75, for a total transaction of $603,028.50. The disclosure for this sale can be found here. Insiders sold 87,057 shares of company stock valued at $9,838,158 in the last 90 days. 19.82% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. Griffin Asset Management Inc. acquired a new position in shares of Alteryx during the 2nd quarter worth $30,000. Capital Investment Advisory Services LLC purchased a new stake in Alteryx during the third quarter worth about $35,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Alteryx in the second quarter valued at $40,000. Parallel Advisors LLC increased its position in shares of Alteryx by 83.6% in the second quarter. Parallel Advisors LLC now owns 448 shares of the company’s stock valued at $49,000 after buying an additional 204 shares in the last quarter. Finally, Valeo Financial Advisors LLC purchased a new stake in shares of Alteryx in the 3rd quarter worth about $54,000. Institutional investors own 69.31% of the company’s stock.

About Alteryx

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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Analyst Recommendations for Alteryx (NYSE:AYX)

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