Alteryx (NYSE:AYX) has been given a $81.00 price objective by investment analysts at Citigroup in a research note issued on Tuesday. The brokerage presently has a “buy” rating on the stock. Citigroup’s price target would indicate a potential upside of 41.04% from the stock’s current price.

AYX has been the topic of several other research reports. Needham & Company LLC upped their price objective on Alteryx from $51.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, August 14th. KeyCorp increased their price target on Alteryx from $53.00 to $61.00 and gave the stock an “overweight” rating in a research report on Thursday, August 9th. Oppenheimer started coverage on Alteryx in a research report on Friday, June 22nd. They set an “outperform” rating and a $48.00 price target on the stock. Rosenblatt Securities started coverage on Alteryx in a research report on Monday, July 9th. They set a “buy” rating on the stock. Finally, JMP Securities increased their price target on Alteryx from $45.00 to $52.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company. Alteryx has a consensus rating of “Buy” and a consensus target price of $48.70.

NYSE AYX traded up $0.63 on Tuesday, hitting $57.43. 21,525 shares of the stock traded hands, compared to its average volume of 754,308. Alteryx has a twelve month low of $18.80 and a twelve month high of $63.18. The stock has a market capitalization of $3.69 billion, a P/E ratio of -184.52 and a beta of 0.04. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.91.

Alteryx (NYSE:AYX) last announced its quarterly earnings data on Wednesday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.01. Alteryx had a negative return on equity of 9.44% and a negative net margin of 9.44%. The firm had revenue of $46.80 million for the quarter, compared to analysts’ expectations of $43.79 million. During the same quarter in the prior year, the firm posted ($0.09) earnings per share. Alteryx’s revenue for the quarter was up 54.5% compared to the same quarter last year. analysts anticipate that Alteryx will post -0.47 EPS for the current year.

In other news, SVP Christopher M. Lal sold 5,000 shares of the stock in a transaction that occurred on Wednesday, June 20th. The stock was sold at an average price of $40.00, for a total transaction of $200,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Insight Venture Partners Viii, sold 595,500 shares of the 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 sale, the insider now owns 930,005 shares in the company, valued at $51,726,878.10. The disclosure for this sale can be found here. Insiders have sold a total of 3,468,986 shares of company stock worth $190,221,190 over the last quarter. Insiders own 39.01% of the company’s stock.

Several institutional investors have recently made changes to their positions in AYX. Schwab Charles Investment Management Inc. grew its holdings in Alteryx by 5.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 49,010 shares of the company’s stock worth $1,674,000 after buying an additional 2,500 shares in the last quarter. BlackRock Inc. grew its holdings in Alteryx by 3.2% in the 1st quarter. BlackRock Inc. now owns 1,371,877 shares of the company’s stock worth $46,836,000 after buying an additional 42,373 shares in the last quarter. Tygh Capital Management Inc. bought a new position in Alteryx in the 1st quarter worth approximately $3,769,000. Spark Investment Management LLC grew its holdings in Alteryx by 631.6% in the 1st quarter. Spark Investment Management LLC now owns 192,400 shares of the company’s stock worth $6,568,000 after buying an additional 166,100 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Alteryx by 5.7% in the 1st quarter. JPMorgan Chase & Co. now owns 276,156 shares of the company’s stock worth $9,428,000 after buying an additional 14,980 shares in the last quarter. Institutional investors and hedge funds own 42.94% of the company’s stock.

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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Analyst Recommendations for Alteryx (NYSE:AYX)

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