Alteryx (NYSE:AYX) had its target price upped by Piper Sandler from $160.00 to $195.00 in a report published on Wednesday, Benzinga reports. They currently have an overweight rating on the stock. Piper Sandler also issued estimates for Alteryx’s Q2 2020 earnings at ($0.26) EPS, Q3 2020 earnings at ($0.08) EPS, Q4 2020 earnings at $0.36 EPS, FY2020 earnings at ($0.25) EPS, Q1 2021 earnings at ($0.19) EPS, Q2 2021 earnings at ($0.17) EPS, Q3 2021 earnings at $0.00 EPS, Q4 2021 earnings at $0.65 EPS and FY2021 earnings at $0.30 EPS.

Several other brokerages have also weighed in on AYX. JPMorgan Chase & Co. lowered shares of Alteryx from a neutral rating to an underweight rating and set a $88.00 price objective for the company. in a report on Thursday, April 23rd. Wedbush decreased their price objective on shares of Alteryx from $146.00 to $138.00 and set an outperform rating for the company in a report on Thursday, May 7th. DA Davidson decreased their price objective on shares of Alteryx from $145.00 to $110.00 and set a neutral rating for the company in a report on Thursday, May 7th. Zacks Investment Research lowered shares of Alteryx from a hold rating to a sell rating in a report on Tuesday, July 21st. Finally, Cowen decreased their price objective on shares of Alteryx from $145.00 to $135.00 and set an outperform rating for the company in a report on Thursday, May 7th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $151.20.

Alteryx stock opened at $175.49 on Wednesday. Alteryx has a 12-month low of $75.17 and a 12-month high of $185.75. The company has a market capitalization of $11.58 billion, a price-to-earnings ratio of 3,509.80 and a beta of 1.42. The company has a debt-to-equity ratio of 1.59, a current ratio of 4.11 and a quick ratio of 4.11. The firm’s fifty day moving average price is $164.46 and its 200 day moving average price is $134.62.

Alteryx (NYSE:AYX) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.01). Alteryx had a return on equity of 7.04% and a net margin of 1.28%. The firm had revenue of $108.80 million for the quarter, compared to analysts’ expectations of $105.64 million. During the same period last year, the firm earned $0.04 EPS. The business’s quarterly revenue was up 43.2% on a year-over-year basis. Analysts forecast that Alteryx will post -0.12 earnings per share for the current fiscal year.

In other Alteryx news, CEO Dean Stoecker sold 30,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $123.10, for a total transaction of $3,693,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kimberly Alexy sold 464 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $121.25, for a total transaction of $56,260.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 158,583 shares of company stock worth $23,499,932. 13.58% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the business. Franklin Resources Inc. raised its position in shares of Alteryx by 17.4% during the 4th quarter. Franklin Resources Inc. now owns 1,599,445 shares of the company’s stock worth $160,057,000 after buying an additional 236,935 shares in the last quarter. Invesco Ltd. raised its position in shares of Alteryx by 67.8% during the 1st quarter. Invesco Ltd. now owns 880,076 shares of the company’s stock worth $83,757,000 after buying an additional 355,514 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Alteryx by 2.9% during the 1st quarter. Geode Capital Management LLC now owns 515,897 shares of the company’s stock worth $49,097,000 after buying an additional 14,768 shares in the last quarter. Norges Bank bought a new stake in shares of Alteryx during the 4th quarter worth about $50,681,000. Finally, Engle Capital Management L.P. raised its position in shares of Alteryx by 26.9% during the 1st quarter. Engle Capital Management L.P. now owns 349,000 shares of the company’s stock worth $33,214,000 after buying an additional 74,000 shares in the last quarter. Institutional investors own 73.54% 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, 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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