A number of firms have modified their ratings and price targets on shares of Alteryx (NYSE: AYX) recently:

  • 5/8/2019 – Alteryx was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $101.00 price target on the stock. According to Zacks, “Alteryx, Inc. provides self-service data analytics software platform. The Company’s product consists of Alteryx Designer, Alteryx Server and Alteryx Analytics Gallery. Alteryx Designer offer data preparation, blending and analytics which could be deployable in the cloud and on premise; Alteryx Server, a secure and scalable product for sharing and running analytic applications in a Web-based environment and Alteryx Analytics Gallery, a cloud-based collaboration offering which allows users to share workflows in a centralized repository. Alteryx, Inc. is headquartered in Irvine, California. “
  • 5/2/2019 – Alteryx had its price target raised by analysts at KeyCorp from $85.00 to $100.00. They now have an “overweight” rating on the stock.
  • 5/2/2019 – Alteryx had its price target raised by analysts at Wedbush from $76.00 to $93.00. They now have a “neutral” rating on the stock.
  • 5/2/2019 – Alteryx had its price target raised by analysts at DA Davidson to $86.00. They now have a “neutral” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 5/2/2019 – Alteryx had its price target raised by analysts at JMP Securities from $84.00 to $96.00. They now have a “market outperform” rating on the stock.
  • 5/2/2019 – Alteryx had its price target raised by analysts at Needham & Company LLC to $108.00. They now have a “buy” rating on the stock.
  • 5/2/2019 – Alteryx had its “buy” rating reaffirmed by analysts at Bank of America Corp. They now have a $105.00 price target on the stock, up previously from $90.00.
  • 4/30/2019 – Alteryx was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Alteryx, Inc. provides self-service data analytics software platform. The Company’s product consists of Alteryx Designer, Alteryx Server and Alteryx Analytics Gallery. Alteryx Designer offer data preparation, blending and analytics which could be deployable in the cloud and on premise; Alteryx Server, a secure and scalable product for sharing and running analytic applications in a Web-based environment and Alteryx Analytics Gallery, a cloud-based collaboration offering which allows users to share workflows in a centralized repository. Alteryx, Inc. is headquartered in Irvine, California. “

Shares of NYSE:AYX traded up $0.47 during trading on Wednesday, reaching $90.21. 4,362 shares of the stock were exchanged, compared to its average volume of 1,101,781. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.58 and a current ratio of 1.58. Alteryx Inc has a 12-month low of $30.92 and a 12-month high of $98.90. The stock has a market capitalization of $5.64 billion, a P/E ratio of -451.05, a PEG ratio of 38.07 and a beta of 1.02.

Alteryx (NYSE:AYX) last issued its earnings results on Wednesday, May 1st. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.14. The business had revenue of $76.02 million during the quarter, compared to analysts’ expectations of $71.41 million. Alteryx had a negative return on equity of 4.90% and a negative net margin of 2.84%. The company’s revenue for the quarter was up 51.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.01) EPS. Analysts predict that Alteryx Inc will post 0.17 earnings per share for the current year.

In other Alteryx news, insider Robert Scott Jones sold 4,166 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $77.30, for a total value of $322,031.80. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Charles Cory sold 4,000 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $70.87, for a total value of $283,480.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 253,405 shares of company stock worth $19,193,621. Corporate insiders own 19.82% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. HighTower Advisors LLC purchased a new stake in shares of Alteryx during the 1st quarter worth about $898,000. Whale Rock Capital Management LLC grew its holdings in Alteryx by 168.7% in the 1st quarter. Whale Rock Capital Management LLC now owns 756,514 shares of the company’s stock valued at $63,449,000 after buying an additional 474,998 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in Alteryx in the 1st quarter valued at approximately $3,850,000. Man Group plc acquired a new stake in Alteryx in the 1st quarter valued at approximately $1,138,000. Finally, Temasek Holdings Private Ltd grew its holdings in Alteryx by 23.5% in the 1st quarter. Temasek Holdings Private Ltd now owns 13,506 shares of the company’s stock valued at $1,133,000 after buying an additional 2,567 shares during the last quarter. 57.94% of the stock is currently owned by hedge funds and other institutional investors.

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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