DA Davidson Increases Alteryx (NYSE:AYX) Price Target to $95.00

Alteryx (NYSE:AYX) had its price target boosted by analysts at DA Davidson to $95.00 in a research note issued to investors on Wednesday, The Fly reports. The firm presently has a “neutral” rating on the stock. DA Davidson’s target price suggests a potential downside of 0.81% from the company’s previous close.

AYX has been the topic of a number of other research reports. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price objective (up previously from $74.00) on shares of Alteryx in a report on Thursday, February 28th. Zacks Investment Research downgraded shares of Alteryx from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 30th. Bank of America reissued a “buy” rating and issued a $90.00 price objective (up previously from $72.00) on shares of Alteryx in a report on Thursday, February 28th. Oppenheimer raised their price objective on shares of Alteryx from $65.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, February 28th. Finally, KeyCorp raised their target price on shares of Alteryx from $74.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, February 28th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $93.46.

AYX opened at $95.78 on Wednesday. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $6.04 billion, a P/E ratio of -478.90, a price-to-earnings-growth ratio of 40.97 and a beta of 1.06. Alteryx has a 12-month low of $34.80 and a 12-month high of $106.25.

Alteryx (NYSE:AYX) last posted its quarterly earnings data on Wednesday, May 1st. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.14. The company had revenue of $76.02 million for the quarter, compared to the consensus estimate of $71.41 million. Alteryx had a negative net margin of 2.84% and a negative return on equity of 4.90%. The firm’s revenue was up 51.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.01) earnings per share. On average, equities research analysts predict that Alteryx will post 0.17 earnings per share for the current year.

In other news, CFO Kevin Rubin sold 13,000 shares of Alteryx stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $99.46, for a total transaction of $1,292,980.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kimberly Alexy sold 3,000 shares of Alteryx stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $99.00, for a total transaction of $297,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 99,930 shares of company stock worth $8,786,523. 19.82% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc raised its position in shares of Alteryx by 3.4% during the fourth quarter. Legal & General Group Plc now owns 4,541 shares of the company’s stock valued at $270,000 after buying an additional 149 shares during the last quarter. Bank of Montreal Can raised its position in shares of Alteryx by 7.9% during the fourth quarter. Bank of Montreal Can now owns 2,873 shares of the company’s stock valued at $172,000 after buying an additional 210 shares during the last quarter. Sageworth Trust Co bought a new stake in shares of Alteryx during the first quarter valued at approximately $27,000. Rehmann Capital Advisory Group raised its position in shares of Alteryx by 205.5% during the fourth quarter. Rehmann Capital Advisory Group now owns 611 shares of the company’s stock valued at $36,000 after buying an additional 411 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of Alteryx by 6.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 7,539 shares of the company’s stock valued at $448,000 after buying an additional 489 shares during the last quarter. Hedge funds and other institutional investors own 64.24% of the company’s stock.

About Alteryx

Alteryx, Inc operates a self-service data analytics software platform that enables organizations to enhance business outcomes and the productivity of their business analysts, data scientists, and citizen data scientists worldwide. Its software platform includes Alteryx Designer, a data profiling, preparation, blending, and analytics product used to create visual workflows or analytic processes; Alteryx Server, a server-based product for scheduling, sharing, and running analytic processes and applications in a Web-based environment; Alteryx Connect, a collaborative data exploration platform for discovering information assets and sharing recommendations across the enterprise; and Alteryx Promote, an analytics model management product for data scientists and analytics teams to build, manage, monitor, and deploy predictive models into real-time production applications.

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