Alteryx (NYSE:AYX) Earns Buy Rating from Analysts at Compass Point

Compass Point began coverage on shares of Alteryx (NYSE:AYX) in a research note issued to investors on Tuesday, BenzingaRatingsTable reports. The firm issued a buy rating and a $150.00 price objective on the stock.

Several other equities analysts also recently issued reports on the company. William Blair reiterated an outperform rating on shares of Alteryx in a research report on Wednesday, July 31st. Zacks Investment Research downgraded Alteryx from a strong-buy rating to a hold rating in a research report on Monday, August 5th. Goldman Sachs Group began coverage on Alteryx in a research report on Friday, June 7th. They issued a buy rating and a $111.00 price objective for the company. Guggenheim began coverage on Alteryx in a research report on Thursday, June 27th. They issued a buy rating and a $107.53 price objective for the company. Finally, Wedbush lifted their price objective on Alteryx from $93.00 to $123.00 and gave the company a neutral rating in a research report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $119.04.

Alteryx stock opened at $131.25 on Tuesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.48 and a current ratio of 1.48. Alteryx has a one year low of $42.23 and a one year high of $136.34. The business has a 50 day simple moving average of $120.27 and a 200 day simple moving average of $93.08.

Alteryx (NYSE:AYX) last posted its earnings results on Wednesday, July 31st. The company reported ($0.04) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.09. The business had revenue of $82.04 million during the quarter, compared to the consensus estimate of $76.60 million. Alteryx had a negative return on equity of 1.93% and a negative net margin of 1.71%. Alteryx’s revenue was up 59.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.09) EPS. As a group, sell-side analysts anticipate that Alteryx will post 0.14 EPS for the current fiscal year.

In related news, insider Robert Scott Jones sold 1,598 shares of Alteryx stock in a transaction on Monday, August 5th. The stock was sold at an average price of $125.24, for a total transaction of $200,133.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kevin Rubin sold 10,000 shares of Alteryx stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $89.20, for a total value of $892,000.00. The disclosure for this sale can be found here. Insiders sold a total of 114,049 shares of company stock valued at $11,343,518 over the last three months. Insiders own 19.82% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Legal & General Group Plc grew its stake in Alteryx by 3.4% in the fourth quarter. Legal & General Group Plc now owns 4,541 shares of the company’s stock valued at $270,000 after acquiring an additional 149 shares during the period. LA Financiere DE L Echiquier grew its stake in Alteryx by 0.3% in the second quarter. LA Financiere DE L Echiquier now owns 63,123 shares of the company’s stock valued at $6,888,000 after acquiring an additional 170 shares during the period. Parallel Advisors LLC grew its stake in Alteryx by 83.6% in the second quarter. Parallel Advisors LLC now owns 448 shares of the company’s stock valued at $49,000 after acquiring an additional 204 shares during the period. Harbour Capital Advisors LLC grew its stake in Alteryx by 5.1% in the second quarter. Harbour Capital Advisors LLC now owns 6,375 shares of the company’s stock valued at $696,000 after acquiring an additional 310 shares during the period. Finally, Pittenger & Anderson Inc. acquired a new position in Alteryx in the second quarter valued at about $56,000. 64.32% of the stock is owned by hedge funds and other 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, 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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