Stock analysts at Wedbush began coverage on shares of Alteryx (NYSE:AYX) in a note issued to investors on Thursday, Marketbeat reports. The brokerage set an “outperform” rating and a $72.00 price target on the stock. Wedbush’s target price would suggest a potential upside of 21.33% from the stock’s current price.

AYX has been the topic of a number of other reports. JMP Securities raised their target price on shares of Alteryx from $52.00 to $64.00 and gave the stock an “outperform” rating in a research note on Thursday, November 8th. Zacks Investment Research lowered shares of Alteryx from a “buy” rating to a “hold” rating in a research note on Monday, November 12th. Citigroup set a $81.00 target price on shares of Alteryx and gave the stock a “buy” rating in a research note on Tuesday, September 18th. Needham & Company LLC raised their target price on shares of Alteryx from $51.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, August 14th. Finally, KeyCorp raised their target price on shares of Alteryx from $53.00 to $61.00 and gave the stock an “overweight” rating in a research note on Thursday, August 9th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $65.90.

AYX traded down $0.51 during trading on Thursday, reaching $59.34. The company’s stock had a trading volume of 628,991 shares, compared to its average volume of 942,711. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.64 and a quick ratio of 2.64. Alteryx has a 1 year low of $23.95 and a 1 year high of $67.40. The firm has a market capitalization of $3.60 billion, a price-to-earnings ratio of -191.42 and a beta of 1.03.

Alteryx (NYSE:AYX) last released its earnings results on Wednesday, November 7th. The company reported $0.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.13. Alteryx had a negative net margin of 6.72% and a negative return on equity of 7.06%. The business had revenue of $54.18 million for the quarter, compared to analyst estimates of $49.79 million. During the same period last year, the company posted $0.02 EPS. The business’s revenue was up 58.6% on a year-over-year basis. On average, equities analysts anticipate that Alteryx will post -0.31 earnings per share for the current fiscal year.

In other news, insider Robert Scott Jones sold 4,168 shares of Alteryx stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $57.21, for a total transaction of $238,451.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Dean Stoecker sold 40,000 shares of Alteryx stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $61.25, for a total transaction of $2,450,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 194,855 shares of company stock worth $9,551,233 and have sold 218,167 shares worth $11,845,984. 39.01% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in AYX. Capital World Investors increased its holdings in Alteryx by 87.8% in the 3rd quarter. Capital World Investors now owns 3,230,433 shares of the company’s stock valued at $184,813,000 after purchasing an additional 1,510,000 shares during the last quarter. Vanguard Group Inc. increased its holdings in Alteryx by 8.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,432,425 shares of the company’s stock valued at $139,159,000 after purchasing an additional 191,305 shares during the last quarter. BlackRock Inc. increased its holdings in Alteryx by 11.6% in the 3rd quarter. BlackRock Inc. now owns 2,261,828 shares of the company’s stock valued at $129,399,000 after purchasing an additional 234,250 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Alteryx by 444.3% in the 3rd quarter. Renaissance Technologies LLC now owns 894,298 shares of the company’s stock valued at $51,163,000 after purchasing an additional 730,000 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in Alteryx by 644.7% in the 3rd quarter. Franklin Resources Inc. now owns 773,719 shares of the company’s stock valued at $44,264,000 after purchasing an additional 669,819 shares during the last quarter. 54.01% of the stock is currently owned by hedge funds and other institutional investors.

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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