Alteryx, Inc. (AYX) Major Shareholder Buys $42,420,000.00 in Stock
Alteryx, Inc. (NYSE:AYX) major shareholder Qualified Master Fund L. Abdiel purchased 2,000,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were bought at an average price of $21.21 per share, with a total value of $42,420,000.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Alteryx, Inc. (NYSE AYX) traded down 3.25% on Thursday, reaching $19.04. The company’s stock had a trading volume of 589,839 shares. Alteryx, Inc. has a 52-week low of $14.61 and a 52-week high of $24.07. The firm has a 50-day moving average price of $21.76 and a 200 day moving average price of $19.38. The firm’s market capitalization is $1.12 billion.
Alteryx (NYSE:AYX) last announced its quarterly earnings data 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 the consensus estimate of $29.33 million. The business’s revenue for the quarter was up 52.3% on a year-over-year basis. Equities analysts anticipate that Alteryx, Inc. will post ($0.33) earnings per share for the current fiscal year.
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Several research firms have recently commented on AYX. Zacks Investment Research upgraded Alteryx from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Wednesday. Cowen and Company restated an “outperform” rating and set a $23.00 price target (up previously from $21.00) on shares of Alteryx in a research note on Thursday, August 3rd. Finally, KeyCorp restated an “overweight” rating and set a $24.00 price target (up previously from $22.00) on shares of Alteryx in a research note on Monday, June 12th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $20.44.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Nationwide Fund Advisors bought a new position in shares of Alteryx in the 2nd quarter valued at about $100,000. Tower Research Capital LLC TRC bought a new position in shares of Alteryx in the 2nd quarter valued at about $117,000. The Manufacturers Life Insurance Company grew its holdings in shares of Alteryx by 685.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,853 shares of the company’s stock valued at $154,000 after acquiring an additional 6,853 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Alteryx in the 1st quarter valued at about $129,000. Finally, New York State Common Retirement Fund bought a new position in shares of Alteryx in the 2nd quarter valued at about $187,000. Institutional investors own 94.38% of the company’s stock.
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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