Alteryx (NYSE:AYX) PT Raised to $90.00 at Cowen

Alteryx (NYSE:AYXGet Rating) had its price objective raised by research analysts at Cowen from $75.00 to $90.00 in a research report issued on Wednesday, The Fly reports. Cowen’s target price suggests a potential upside of 38.78% from the company’s current price.

Several other equities analysts have also commented on the stock. Needham & Company LLC increased their target price on shares of Alteryx from $66.00 to $86.00 and gave the company a “buy” rating in a report on Friday, April 1st. JMP Securities cut their price target on shares of Alteryx from $159.00 to $127.00 and set an “outperform” rating on the stock in a report on Wednesday, February 16th. Morgan Stanley cut their price target on shares of Alteryx from $89.00 to $81.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 16th. Bank of America lowered shares of Alteryx from a “buy” rating to a “neutral” rating and cut their price target for the stock from $84.00 to $65.00 in a report on Tuesday, February 1st. Finally, Rosenblatt Securities cut their target price on shares of Alteryx from $100.00 to $87.00 and set a “buy” rating on the stock in a research note on Wednesday, February 16th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Alteryx presently has an average rating of “Buy” and a consensus price target of $86.36.

Alteryx stock opened at $64.85 on Wednesday. The firm’s fifty day moving average price is $66.77 and its 200-day moving average price is $64.24. The company has a debt-to-equity ratio of 1.70, a quick ratio of 2.28 and a current ratio of 2.28. The stock has a market cap of $4.39 billion, a P/E ratio of -24.20 and a beta of 0.72. Alteryx has a fifty-two week low of $49.67 and a fifty-two week high of $90.57.

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

In other news, Director Jeff Horing bought 320,601 shares of the firm’s stock in a transaction on Tuesday, February 22nd. The stock was acquired at an average cost of $54.69 per share, with a total value of $17,533,668.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Timothy I. Maudlin sold 9,233 shares of Alteryx stock in a transaction dated Friday, February 18th. The stock was sold at an average price of $55.75, for a total transaction of $514,739.75. The disclosure for this sale can be found here. 13.84% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the company. Ancora Advisors LLC bought a new stake in shares of Alteryx in the third quarter worth approximately $29,000. Ahrens Investment Partners LLC bought a new stake in shares of Alteryx in the fourth quarter worth approximately $30,000. Retirement Planning Co of New England Inc. bought a new stake in shares of Alteryx in the fourth quarter worth approximately $30,000. Signaturefd LLC grew its stake in shares of Alteryx by 54.8% in the first quarter. Signaturefd LLC now owns 565 shares of the company’s stock worth $40,000 after acquiring an additional 200 shares during the period. Finally, Allworth Financial LP grew its stake in shares of Alteryx by 798.7% in the first quarter. Allworth Financial LP now owns 674 shares of the company’s stock worth $48,000 after acquiring an additional 599 shares during the period. Hedge funds and other institutional investors own 71.04% of the company’s stock.

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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