Bank of Montreal Can Sells 93,936 Shares of Alteryx, Inc. (NYSE:AYX)

Bank of Montreal Can lessened its holdings in shares of Alteryx, Inc. (NYSE:AYXGet Rating) by 31.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 204,156 shares of the company’s stock after selling 93,936 shares during the period. Bank of Montreal Can owned approximately 0.30% of Alteryx worth $11,794,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Ancora Advisors LLC bought a new position in shares of Alteryx during the 1st quarter valued at about $29,000. Signaturefd LLC lifted its holdings in shares of Alteryx by 54.8% during the 1st quarter. Signaturefd LLC now owns 565 shares of the company’s stock valued at $40,000 after purchasing an additional 200 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Alteryx during the 1st quarter valued at about $50,000. PNC Financial Services Group Inc. lifted its holdings in shares of Alteryx by 14.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,583 shares of the company’s stock valued at $114,000 after purchasing an additional 205 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new position in shares of Alteryx during the 1st quarter valued at about $156,000. Institutional investors own 76.74% of the company’s stock.

Alteryx Stock Up 2.0 %

NYSE:AYX opened at $44.48 on Thursday. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of -9.32 and a beta of 0.60. Alteryx, Inc. has a twelve month low of $40.57 and a twelve month high of $76.35. The stock’s 50 day moving average price is $51.33 and its two-hundred day moving average price is $54.36. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 5.07.

Alteryx (NYSE:AYXGet Rating) last posted its quarterly earnings results on Tuesday, November 1st. The company reported ($0.95) earnings per share for the quarter, missing the consensus estimate of ($0.65) by ($0.30). The company had revenue of $215.71 million for the quarter, compared to analyst estimates of $192.11 million. Alteryx had a negative return on equity of 103.88% and a negative net margin of 44.55%. Equities research analysts expect that Alteryx, Inc. will post -2.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Morgan Stanley dropped their target price on Alteryx from $72.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 2nd. Rosenblatt Securities lifted their target price on Alteryx from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Citigroup lifted their target price on Alteryx from $73.00 to $75.00 in a research report on Wednesday, November 2nd. Piper Sandler dropped their target price on Alteryx from $70.00 to $62.00 and set an “overweight” rating on the stock in a research report on Thursday, October 20th. Finally, Cowen lifted their target price on Alteryx to $75.00 in a research report on Tuesday, August 9th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $74.27.

About Alteryx

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Alteryx, Inc operates in analytic process automation business in the Asia-Pacific, Europe, the Middle East, Africa, Latin America, and internationally. The company's analytics platform enables organizations to enhance business outcomes and the productivity of their business analysts, data scientists, citizen data scientists, and data engineers.

Further Reading

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Institutional Ownership by Quarter for Alteryx (NYSE:AYX)

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