Alteryx, Inc. (NYSE:AYX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday. The firm currently has a $26.00 price target on the stock. Zacks Investment Research‘s target price points to a potential upside of 14.19% from the stock’s current price.

According to Zacks, “Alteryx, Inc. provides self-service data analytics software platform. The Company’s product consists of Alteryx Designer, Alteryx Server and Alteryx Analytics Gallery. Alteryx Designer offer data preparation, blending and analytics which could be deployable in the cloud and on premise; Alteryx Server, a secure and scalable product for sharing and running analytic applications in a Web-based environment and Alteryx Analytics Gallery, a cloud-based collaboration offering which allows users to share workflows in a centralized repository. Alteryx, Inc. is headquartered in Irvine, California. “

Other equities analysts have also recently issued research reports about the stock. J P Morgan Chase & Co started coverage on shares of Alteryx in a research report on Tuesday, April 18th. They issued a “neutral” rating and a $18.00 price target for the company. KeyCorp initiated coverage on shares of Alteryx in a research report on Tuesday, April 18th. They set an “overweight” rating and a $20.00 price objective for the company. Raymond James Financial, Inc. initiated coverage on shares of Alteryx in a research report on Tuesday, April 18th. They set an “outperform” rating and a $20.00 price objective for the company. William Blair reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Alteryx in a research report on Tuesday, April 18th. Finally, Cowen and Company initiated coverage on shares of Alteryx in a research report on Tuesday, April 18th. They set an “outperform” rating and a $21.00 price objective for the company. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Alteryx currently has a consensus rating of “Buy” and an average price target of $20.89.

Shares of Alteryx (NYSE AYX) traded down 0.09% during mid-day trading on Tuesday, hitting $22.77. The company had a trading volume of 302,158 shares. The firm has a 50-day moving average price of $20.30 and a 200 day moving average price of $18.49. Alteryx has a 52-week low of $14.61 and a 52-week high of $23.25. The firm’s market capitalization is $1.33 billion.

Alteryx (NYSE:AYX) last posted its earnings results on Wednesday, August 2nd. The company reported ($0.09) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.05. The company had revenue of $30.30 million during the quarter, compared to analyst estimates of $29.33 million. The company’s revenue was up 52.3% on a year-over-year basis. Analysts expect that Alteryx will post ($0.33) earnings per share for the current year.

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In other news, major shareholder Qualified Master Fund L. Abdiel acquired 166,168 shares of Alteryx stock in a transaction that occurred on Monday, August 7th. The shares were acquired at an average price of $22.06 per share, with a total value of $3,665,666.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Qualified Master Fund L. Abdiel acquired 30,000 shares of Alteryx stock in a transaction that occurred on Tuesday, July 11th. The shares were purchased at an average cost of $19.94 per share, for a total transaction of $598,200.00. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 486,740 shares of company stock worth $9,987,726.

Several institutional investors have recently made changes to their positions in AYX. UBS Oconnor LLC purchased a new position in shares of Alteryx during the first quarter valued at about $656,000. TCW Group Inc. bought a new position in shares of Alteryx during the first quarter valued at approximately $1,253,000. Tudor Investment Corp ET AL bought a new position in shares of Alteryx during the first quarter valued at approximately $2,087,000. JPMorgan Chase & Co. bought a new position in shares of Alteryx during the first quarter valued at approximately $1,560,000. Finally, Driehaus Capital Management LLC bought a new position in shares of Alteryx during the first quarter valued at approximately $4,285,000.

About Alteryx

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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