Alteryx Inc (AYX) Given Consensus Recommendation of “Buy” by Analysts

Alteryx Inc (NYSE:AYX) has been given a consensus rating of “Buy” by the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $22.67.

A number of analysts have commented on AYX shares. Goldman Sachs Group lowered Alteryx from a “buy” rating to a “neutral” rating and set a $29.00 target price for the company. in a report on Wednesday, January 31st. Zacks Investment Research lowered Alteryx from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Bank of America lifted their price objective on Alteryx from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, November 10th. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $29.00 price objective (up previously from $24.00) on shares of Alteryx in a report on Thursday, November 9th.

In related news, CRO Robert Scott Jones sold 1,470 shares of Alteryx stock in a transaction on Friday, November 17th. The stock was sold at an average price of $25.94, for a total value of $38,131.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kevin Rubin sold 40,000 shares of Alteryx stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $25.99, for a total value of $1,039,600.00. The disclosure for this sale can be found here. Insiders sold 241,470 shares of company stock valued at $6,306,932 in the last ninety days.

A number of large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC grew its holdings in Alteryx by 76.8% during the fourth quarter. Renaissance Technologies LLC now owns 332,898 shares of the company’s stock valued at $8,412,000 after purchasing an additional 144,598 shares during the period. Sapphire Ventures L.L.C. bought a new stake in Alteryx during the fourth quarter valued at about $4,173,000. Geode Capital Management LLC grew its holdings in Alteryx by 53.7% during the fourth quarter. Geode Capital Management LLC now owns 203,201 shares of the company’s stock valued at $5,134,000 after purchasing an additional 70,971 shares during the period. Carnegie Capital Asset Management LLC grew its holdings in Alteryx by 64.2% during the fourth quarter. Carnegie Capital Asset Management LLC now owns 57,560 shares of the company’s stock valued at $1,568,000 after purchasing an additional 22,500 shares during the period. Finally, Abdiel Capital Advisors LP grew its holdings in Alteryx by 1.9% during the fourth quarter. Abdiel Capital Advisors LP now owns 4,001,344 shares of the company’s stock valued at $101,114,000 after purchasing an additional 75,000 shares during the period. 28.21% of the stock is owned by institutional investors and hedge funds.

Shares of Alteryx (AYX) opened at $26.41 on Wednesday. Alteryx has a fifty-two week low of $14.61 and a fifty-two week high of $31.60.

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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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