Shares of Alteryx, Inc. (NYSE:AYX) have been given an average rating of “Buy” by the nine brokerages that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $20.25.

Several analysts recently issued reports on the stock. Cowen and Company reaffirmed an “outperform” rating and issued a $23.00 price target (up from $21.00) on shares of Alteryx in a report on Thursday, August 3rd. Zacks Investment Research cut shares of Alteryx from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $24.00 price target on shares of Alteryx in a report on Friday, September 22nd.

In other Alteryx news, Chairman Dean Stoecker sold 600,000 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $20.24, for a total transaction of $12,144,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Qualified Master Fund L. Abdiel bought 60,000 shares of the stock in a transaction on Friday, September 15th. The shares were acquired at an average price of $18.98 per share, with a total value of $1,138,800.00. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 2,565,772 shares of company stock valued at $54,463,079 and have sold 7,700,000 shares valued at $155,848,000.

A number of hedge funds have recently added to or reduced their stakes in the business. ICONIQ Capital LLC bought a new stake in Alteryx during the first quarter valued at $52,298,000. Capital World Investors increased its stake in Alteryx by 16.9% during the second quarter. Capital World Investors now owns 1,444,433 shares of the company’s stock valued at $28,195,000 after purchasing an additional 209,108 shares during the last quarter. Abdiel Capital Advisors LP bought a new stake in Alteryx during the second quarter valued at $24,460,000. Vanguard Group Inc. increased its stake in Alteryx by 2,833.6% during the second quarter. Vanguard Group Inc. now owns 586,718 shares of the company’s stock valued at $11,453,000 after purchasing an additional 566,718 shares during the last quarter. Finally, FMR LLC bought a new stake in Alteryx during the first quarter valued at $6,400,000. Hedge funds and other institutional investors own 16.64% of the company’s stock.

Alteryx (NYSE:AYX) opened at 21.13 on Thursday. The stock’s market capitalization is $1.24 billion. The company has a 50 day moving average of $20.77 and a 200-day moving average of $19.49. Alteryx has a 52-week low of $14.61 and a 52-week high of $24.07.

Alteryx (NYSE:AYX) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the 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 firm’s revenue was up 52.3% compared to the same quarter last year. Equities research analysts anticipate that Alteryx will post ($0.33) EPS for the current year.

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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.

Analyst Recommendations for Alteryx (NYSE:AYX)

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