Alteryx (NYSE:AYX) PT Raised to $67.00

Alteryx (NYSE:AYXGet Rating) had its price target boosted by Loop Capital from $60.00 to $67.00 in a research note issued on Wednesday, The Fly reports. Loop Capital’s price objective would indicate a potential downside of 0.49% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Cowen raised their target price on Alteryx from $75.00 to $90.00 in a research report on Wednesday. Oppenheimer lowered their price objective on Alteryx from $105.00 to $85.00 in a research report on Wednesday, February 16th. Berenberg Bank assumed coverage on Alteryx in a research report on Thursday, January 27th. They set a “buy” rating and a $66.00 price objective on the stock. Bank of America cut Alteryx from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $84.00 to $65.00 in a research report on Tuesday, February 1st. Finally, Zacks Investment Research raised Alteryx from a “sell” rating to a “hold” rating in a research report on Tuesday, April 19th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $86.86.

NYSE:AYX traded up $2.48 on Wednesday, hitting $67.33. The stock had a trading volume of 24,380 shares, compared to its average volume of 608,467. The stock has a market cap of $4.55 billion, a price-to-earnings ratio of -25.12 and a beta of 0.72. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 1.70. The business’s 50-day simple moving average is $66.77 and its two-hundred day simple moving average is $64.24. Alteryx has a 52-week low of $49.67 and a 52-week high of $90.57.

Alteryx (NYSE:AYXGet Rating) last announced its earnings results on Tuesday, May 3rd. The company reported ($0.40) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.59) by $0.19. The business had revenue of $157.94 million for the quarter, compared to analysts’ expectations of $145.88 million. Alteryx had a negative return on equity of 29.89% and a negative net margin of 33.51%. The business’s revenue for the quarter was up 33.0% on a year-over-year basis. During the same period last year, the firm posted ($0.45) earnings per share. As a group, equities research analysts anticipate that Alteryx will post -2.32 EPS for the current year.

In other Alteryx news, Director Timothy I. Maudlin sold 9,233 shares of the company’s stock in a transaction on Friday, February 18th. The stock was sold at an average price of $55.75, for a total value of $514,739.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dean Stoecker sold 20,000 shares of the company’s stock in a transaction on Friday, March 11th. The shares were sold at an average price of $61.87, for a total value of $1,237,400.00. The disclosure for this sale can be found here. 13.84% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. Capital World Investors lifted its holdings in shares of Alteryx by 17.1% in the 3rd quarter. Capital World Investors now owns 6,399,122 shares of the company’s stock worth $467,776,000 after buying an additional 933,897 shares during the period. Mackenzie Financial Corp lifted its stake in shares of Alteryx by 101.2% during the 3rd quarter. Mackenzie Financial Corp now owns 1,778,931 shares of the company’s stock worth $130,040,000 after purchasing an additional 894,582 shares during the last quarter. Ardevora Asset Management LLP purchased a new stake in shares of Alteryx during the 1st quarter worth $60,464,000. Wishbone Management LP purchased a new stake in shares of Alteryx during the 4th quarter worth $49,610,000. Finally, Washington Harbour Partners LP purchased a new stake in shares of Alteryx during the 3rd quarter worth $51,750,000. 71.04% of the stock is currently owned by institutional investors.

About Alteryx (Get Rating)

Alteryx, Inc provides end-to-end analytics platform for data analysts and scientists worldwide. Its analytic process automation 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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