Alteryx Inc (AYX) Receives $66.80 Consensus Price Target from Analysts

Shares of Alteryx Inc (NYSE:AYX) have been given an average recommendation of “Buy” by the fourteen brokerages that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $71.00.

Several brokerages have recently commented on AYX. Zacks Investment Research lowered Alteryx from a “buy” rating to a “hold” rating in a research note on Monday, November 12th. DA Davidson set a $66.00 price target on Alteryx and gave the company a “hold” rating in a research note on Thursday, November 8th. They noted that the move was a valuation call. Raymond James lowered Alteryx from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 29th. They noted that the move was a valuation call. JMP Securities raised their price target on Alteryx from $52.00 to $64.00 and gave the company an “outperform” rating in a research note on Thursday, November 8th. Finally, KeyCorp raised their price target on Alteryx from $61.00 to $74.00 and gave the company an “overweight” rating in a research note on Thursday, November 8th.

Shares of Alteryx stock traded down $0.67 during trading on Thursday, hitting $70.48. 1,077,614 shares of the stock traded hands, compared to its average volume of 990,556. The firm has a market cap of $4.33 billion, a P/E ratio of -227.35 and a beta of 1.10. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 0.88. Alteryx has a 52-week low of $24.46 and a 52-week high of $74.24.

Alteryx (NYSE:AYX) last announced its quarterly earnings results on Wednesday, November 7th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.10) by $0.13. The firm had revenue of $54.18 million for the quarter, compared to analyst estimates of $49.79 million. Alteryx had a negative return on equity of 7.06% and a negative net margin of 6.72%. The business’s revenue for the quarter was up 58.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.02 earnings per share. Analysts forecast that Alteryx will post -0.3 earnings per share for the current year.

In other Alteryx news, CFO Kevin Rubin sold 8,500 shares of Alteryx stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $59.01, for a total value of $501,585.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Christopher M. Lal sold 2,757 shares of Alteryx stock in a transaction dated Wednesday, January 30th. The shares were sold at an average price of $68.69, for a total value of $189,378.33. The disclosure for this sale can be found here. Insiders sold 1,284,092 shares of company stock worth $84,554,663 in the last quarter. 39.01% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of AYX. BlackRock Inc. boosted its holdings in Alteryx by 47.8% in the second quarter. BlackRock Inc. now owns 2,027,578 shares of the company’s stock worth $77,373,000 after acquiring an additional 655,701 shares in the last quarter. Federated Investors Inc. PA boosted its holdings in Alteryx by 11.8% in the third quarter. Federated Investors Inc. PA now owns 335,406 shares of the company’s stock worth $19,189,000 after acquiring an additional 35,406 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Alteryx by 20.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 58,910 shares of the company’s stock worth $2,249,000 after acquiring an additional 9,900 shares in the last quarter. Morgan Stanley boosted its holdings in Alteryx by 105.1% in the third quarter. Morgan Stanley now owns 249,698 shares of the company’s stock worth $14,285,000 after acquiring an additional 127,927 shares in the last quarter. Finally, Seven Eight Capital LP acquired a new stake in Alteryx in the third quarter worth about $2,433,000. Institutional investors own 54.00% 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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