Alteryx Inc (AYX) Short Interest Up 71.1% in January

Alteryx Inc (NYSE:AYX) saw a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 1,883,279 shares, an increase of 71.1% from the January 12th total of 1,100,481 shares. Based on an average trading volume of 684,116 shares, the short-interest ratio is currently 2.8 days. Currently, 8.7% of the shares of the stock are short sold.

In other news, major shareholder Qualified Master Fund L. Abdiel purchased 75,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was bought at an average price of $25.54 per share, with a total value of $1,915,500.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Christopher M. Lal sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $25.85, for a total transaction of $387,750.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 241,470 shares of company stock valued at $6,306,932.

A number of large investors have recently modified their holdings of AYX. Nationwide Fund Advisors bought a new position in shares of Alteryx during the second quarter valued at $100,000. Suntrust Banks Inc. raised its stake in shares of Alteryx by 22.1% during the fourth quarter. Suntrust Banks Inc. now owns 32,121 shares of the company’s stock valued at $811,000 after acquiring an additional 5,816 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Alteryx by 685.3% during the second 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 during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Alteryx by 28.4% during the third quarter. Bank of New York Mellon Corp now owns 34,354 shares of the company’s stock valued at $699,000 after acquiring an additional 7,597 shares during the last quarter. Finally, New York State Common Retirement Fund bought a new position in shares of Alteryx during the second quarter valued at $187,000. 28.21% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently weighed in on AYX. Goldman Sachs Group downgraded shares of Alteryx from a “buy” rating to a “neutral” rating and set a $29.00 price target for the company. in a report on Wednesday, January 31st. Zacks Investment Research downgraded shares of Alteryx from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Bank of America increased their price objective on shares of Alteryx from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Finally, KeyCorp reissued an “overweight” rating and issued a $29.00 price objective (up previously from $24.00) on shares of Alteryx in a research note on Thursday, November 9th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $23.40.

Alteryx (NYSE AYX) opened at $26.41 on Wednesday. The company has a market cap of $1,560.00 and a P/E ratio of -47.16. Alteryx has a 52 week low of $14.61 and a 52 week high of $31.60.

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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.

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