Alteryx, Inc. (AYX) Given Average Rating of “Buy” by Analysts

Shares of Alteryx, Inc. (NYSE:AYX) have been assigned a consensus rating of “Buy” from the ten brokerages that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $21.67.

A number of research firms have recently commented on AYX. Zacks Investment Research lowered shares of Alteryx from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. KeyCorp restated a “buy” rating and issued a $24.00 price objective on shares of Alteryx in a research report on Friday, September 22nd. Bank of America began coverage on shares of Alteryx in a report on Monday, October 16th. They issued a “buy” rating and a $26.00 price objective for the company. Finally, Cowen restated an “outperform” rating and issued a $23.00 price objective (up from $21.00) on shares of Alteryx in a report on Thursday, August 3rd.

In related news, major shareholder Qualified Master Fund L. Abdiel acquired 60,000 shares of Alteryx stock in a transaction on Friday, September 15th. The shares were acquired at an average cost of $18.98 per share, with a total value of $1,138,800.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Qualified Master Fund L. Abdiel acquired 172,500 shares of Alteryx stock in a transaction on Monday, September 11th. The shares were bought at an average cost of $19.96 per share, for a total transaction of $3,443,100.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 2,232,500 shares of company stock worth $47,001,900 and sold 7,781,470 shares worth $157,958,732.

A number of institutional investors have recently modified their holdings of AYX. Goldman Sachs Group Inc. purchased a new position in Alteryx during the 1st quarter valued at $1,916,000. Spark Investment Management LLC purchased a new position in Alteryx during the 2nd quarter valued at $5,565,000. Schwab Charles Investment Management Inc. purchased a new position in Alteryx during the 2nd quarter valued at $291,000. Rhumbline Advisers purchased a new position in Alteryx during the 2nd quarter valued at $195,000. Finally, Bank of New York Mellon Corp purchased a new position in Alteryx during the 2nd quarter valued at $522,000. 28.29% of the stock is currently owned by institutional investors and hedge funds.

Alteryx (AYX) traded up $0.17 on Friday, hitting $24.96. 836,400 shares of the stock traded hands, compared to its average volume of 370,859. Alteryx has a 52-week low of $14.61 and a 52-week high of $27.58.

Alteryx (NYSE:AYX) last posted its earnings results on Thursday, November 9th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.10. The firm had revenue of $34.16 million during the quarter, compared to the consensus estimate of $32.06 million. Alteryx had a negative net margin of 18.68% and a negative return on equity of 19.62%. The company’s revenue was up 52.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.07) earnings per share. equities research analysts expect that Alteryx will post -0.33 EPS for the current fiscal year.

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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.

Analyst Recommendations for Alteryx (NYSE:AYX)

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