Alteryx, Inc. (NYSE:AYX) was the target of a large growth in short interest in June. As of June 30th, there was short interest totalling 1,635,510 shares, a growth of 86.7% from the June 15th total of 875,805 shares. Based on an average trading volume of 430,218 shares, the days-to-cover ratio is presently 3.8 days. Approximately 66.2% of the company’s stock are short sold.

In other Alteryx news, major shareholder Qualified Master Fund L. Abdiel purchased 50,000 shares of the business’s stock in a transaction on Thursday, June 29th. The shares were purchased at an average cost of $19.48 per share, with a total value of $974,000.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Qualified Master Fund L. Abdiel purchased 163,072 shares of the business’s stock in a transaction on Tuesday, June 27th. The shares were acquired at an average cost of $19.86 per share, for a total transaction of $3,238,609.92. The disclosure for this purchase can be found here. Insiders purchased a total of 320,572 shares of company stock worth $6,322,060 over the last ninety days.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sapphire Ventures L.L.C. purchased a new position in Alteryx during the first quarter worth $96,785,000. ICONIQ Capital LLC bought a new stake in shares of Alteryx during the first quarter valued at approximately $52,298,000. FMR LLC bought a new stake in shares of Alteryx during the first quarter valued at approximately $6,400,000. Driehaus Capital Management LLC bought a new stake in shares of Alteryx during the first quarter valued at approximately $4,285,000. Finally, Kornitzer Capital Management Inc. KS bought a new stake in shares of Alteryx during the first quarter valued at approximately $3,500,000.

Shares of Alteryx (NYSE:AYX) opened at 22.67 on Wednesday. Alteryx has a one year low of $14.61 and a one year high of $54.50. The stock has a 50 day moving average of $21.72 and a 200-day moving average of $19.01. The company’s market capitalization is $1.32 billion.

Several brokerages have commented on AYX. J P Morgan Chase & Co began coverage on shares of Alteryx in a research report on Tuesday, April 18th. They set a “neutral” rating and a $18.00 price target on the stock. Goldman Sachs Group, Inc. (The) began coverage on shares of Alteryx in a research report on Tuesday, April 18th. They set a “buy” rating and a $20.00 price target on the stock. Pacific Crest began coverage on shares of Alteryx in a research report on Tuesday, April 18th. They set an “overweight” rating and a $20.00 price target on the stock. Raymond James Financial, Inc. began coverage on shares of Alteryx in a research report on Tuesday, April 18th. They set an “outperform” rating and a $20.00 price target on the stock. Finally, KeyCorp began coverage on shares of Alteryx in a research report on Tuesday, April 18th. They set an “overweight” rating and a $20.00 price target on the stock. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Alteryx has an average rating of “Buy” and a consensus price target of $20.00.

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Alteryx Company Profile

Alteryx, Inc is a United States-based provider of self-service data analytics software. The Company offers various products, such as Alteryx Designer, Alteryx Server and Alteryx Analytics Gallery. Alteryx Designer is a repeatable workflow for self-service data analytics. Alteryx Designer allows data analysts by combining data preparation, data blending, and analytics-predictive, statistical and spatial-using the same user interface.

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