Alteryx (NYSE:AYX) Shares Down 5%

Alteryx Inc (NYSE:AYX)’s stock price was down 5% during mid-day trading on Monday . The company traded as low as $103.58 and last traded at $107.83, approximately 3,285,582 shares traded hands during trading. An increase of 137% from the average daily volume of 1,389,137 shares. The stock had previously closed at $113.53.

Several research analysts have weighed in on AYX shares. Compass Point started coverage on Alteryx in a research note on Tuesday, August 13th. They issued a “buy” rating and a $150.00 target price on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $140.00 target price on shares of Alteryx in a research note on Tuesday, November 19th. Bank of America lowered their target price on Alteryx from $140.00 to $112.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. ValuEngine upgraded Alteryx from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th. Finally, Wedbush set a $126.00 target price on Alteryx and gave the company a “buy” rating in a research note on Friday, November 1st. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $120.72.

The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.22 and a current ratio of 5.22. The firm has a fifty day moving average price of $99.77 and a 200 day moving average price of $110.35. The firm has a market capitalization of $7.39 billion, a price-to-earnings ratio of -539.15, a PEG ratio of 10.68 and a beta of 1.08.

Alteryx (NYSE:AYX) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.09 by $0.15. The business had revenue of $103.40 million during the quarter, compared to analysts’ expectations of $90.42 million. Alteryx had a positive return on equity of 1.09% and a negative net margin of 3.31%. The company’s quarterly revenue was up 65.2% compared to the same quarter last year. During the same period last year, the firm earned $0.08 EPS. Research analysts predict that Alteryx Inc will post 0.27 earnings per share for the current fiscal year.

In other news, CRO Robert Scott Jones sold 1,599 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $146.53, for a total value of $234,301.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kevin Rubin sold 13,000 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $135.75, for a total value of $1,764,750.00. The disclosure for this sale can be found here. Insiders sold a total of 77,051 shares of company stock valued at $8,406,433 over the last three months. Insiders own 19.82% of the company’s stock.

A number of hedge funds have recently modified their holdings of AYX. Commonwealth Equity Services LLC acquired a new position in Alteryx during the second quarter worth $244,000. AE Wealth Management LLC acquired a new position in Alteryx during the second quarter worth $218,000. FNY Investment Advisers LLC acquired a new position in Alteryx during the second quarter worth $80,000. Strs Ohio raised its holdings in Alteryx by 141.9% during the second quarter. Strs Ohio now owns 1,693 shares of the company’s stock worth $184,000 after purchasing an additional 993 shares during the last quarter. Finally, Virginia Retirement Systems ET AL acquired a new position in Alteryx during the second quarter worth $295,000. 70.08% of the stock is owned by hedge funds and other institutional investors.

About Alteryx (NYSE:AYX)

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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