Alteryx (NYSE:AYX) was upgraded by equities researchers at TheStreet from a “d+” rating to a “c” rating in a research report issued to clients and investors on Thursday.

Several other research firms have also weighed in on AYX. DA Davidson lifted their target price on shares of Alteryx to $52.00 and gave the company a “neutral” rating in a report on Thursday, August 9th. KeyCorp lifted their target price on shares of Alteryx from $61.00 to $74.00 and gave the company an “overweight” rating in a report on Thursday. Citigroup lifted their target price on shares of Alteryx from $57.00 to $61.00 and gave the company a “buy” rating in a report on Thursday, August 9th. Needham & Company LLC lifted their target price on shares of Alteryx from $65.00 to $74.00 and gave the company a “buy” rating in a report on Thursday. Finally, Bank of America lifted their target price on shares of Alteryx from $54.00 to $72.00 and gave the company a “buy” rating in a report on Friday. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Alteryx currently has an average rating of “Buy” and an average price target of $66.45.

NYSE AYX traded down $0.41 on Thursday, hitting $57.88. 936,512 shares of the company’s stock traded hands, compared to its average volume of 1,147,495. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 0.91. Alteryx has a 1-year low of $23.00 and a 1-year high of $67.40. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of -186.71 and a beta of 0.99.

Alteryx (NYSE:AYX) last posted its earnings results on Wednesday, November 7th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.13. The firm had revenue of $54.18 million during the quarter, compared to analyst estimates of $49.79 million. Alteryx had a negative net margin of 6.72% and a negative return on equity of 7.38%. The business’s quarterly revenue was up 58.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.02 EPS. Analysts forecast that Alteryx will post -0.47 EPS for the current year.

In related news, major shareholder Abdiel Capital Management, Llc purchased 29,855 shares of the business’s stock in a transaction that occurred on Tuesday, October 23rd. The stock was bought at an average price of $42.53 per share, with a total value of $1,269,733.15. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert Scott Jones sold 4,166 shares of the business’s stock in a transaction on Tuesday, October 30th. The stock was sold at an average price of $43.98, for a total transaction of $183,220.68. The disclosure for this sale can be found here. In the last three months, insiders purchased 194,855 shares of company stock valued at $9,551,233 and sold 3,390,485 shares valued at $187,381,390. 39.01% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of AYX. Sandler Capital Management purchased a new stake in Alteryx in the 2nd quarter worth $29,515,000. BlackRock Inc. grew its holdings in shares of Alteryx by 47.8% during the second quarter. BlackRock Inc. now owns 2,027,578 shares of the company’s stock worth $77,373,000 after buying an additional 655,701 shares in the last quarter. FMR LLC grew its holdings in shares of Alteryx by 1,950.6% during the third quarter. FMR LLC now owns 369,100 shares of the company’s stock worth $21,116,000 after buying an additional 351,100 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Alteryx by 219.2% during the third quarter. JPMorgan Chase & Co. now owns 504,173 shares of the company’s stock worth $28,844,000 after buying an additional 346,239 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Alteryx during the second quarter worth $12,649,000. 43.05% of the stock is owned by institutional investors.

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. 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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