Short Interest in Alteryx, Inc. (NYSE:AYX) Drops By 15.5%


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Alteryx, Inc. (NYSE:AYX) was the target of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 4,090,000 shares, a drop of 15.5% from the March 31st total of 4,840,000 shares. Based on an average daily volume of 1,570,000 shares, the days-to-cover ratio is currently 2.6 days.

In other Alteryx news, insider Christopher M. Lal sold 640 shares of the firm’s stock in a transaction dated Thursday, April 15th. The stock was sold at an average price of $87.02, for a total value of $55,692.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Dean Stoecker sold 42,500 shares of the firm’s stock in a transaction dated Thursday, February 18th. The shares were sold at an average price of $111.73, for a total value of $4,748,525.00. The disclosure for this sale can be found here. Insiders have sold 86,721 shares of company stock worth $8,992,427 in the last 90 days. Insiders own 13.58% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. HHM Wealth Advisors LLC acquired a new position in shares of Alteryx during the fourth quarter valued at about $29,000. Regal Wealth Group Inc. acquired a new position in Alteryx in the first quarter worth about $33,000. Baillie Gifford & Co. acquired a new position in Alteryx in the fourth quarter worth about $39,000. Capital Asset Advisory Services LLC acquired a new position in Alteryx in the fourth quarter worth about $43,000. Finally, CWM LLC raised its position in Alteryx by 119.7% in the fourth quarter. CWM LLC now owns 512 shares of the company’s stock worth $62,000 after purchasing an additional 279 shares in the last quarter. 75.06% of the stock is owned by institutional investors and hedge funds.

AYX stock traded down $3.52 during mid-day trading on Tuesday, reaching $75.59. 6,208 shares of the stock traded hands, compared to its average volume of 1,519,302. The company has a quick ratio of 4.03, a current ratio of 4.03 and a debt-to-equity ratio of 1.49. Alteryx has a 52 week low of $77.05 and a 52 week high of $185.75. The business has a 50-day moving average of $84.25 and a two-hundred day moving average of $109.93. The firm has a market capitalization of $5.05 billion, a PE ratio of -293.00, a P/E/G ratio of 87.28 and a beta of 0.85.

Alteryx (NYSE:AYX) last announced its quarterly earnings data on Monday, February 8th. The company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.46. The business had revenue of $160.53 million during the quarter, compared to analyst estimates of $156.65 million. Alteryx had a negative net margin of 3.20% and a positive return on equity of 3.27%. On average, equities research analysts anticipate that Alteryx will post -0.1 EPS for the current fiscal year.

A number of equities research analysts have weighed in on the company. Morgan Stanley assumed coverage on Alteryx in a research report on Thursday, April 1st. They issued an “equal weight” rating and a $93.00 target price for the company. Loop Capital lowered their price target on shares of Alteryx from $140.00 to $110.00 in a report on Tuesday, January 5th. Needham & Company LLC lowered their price target on shares of Alteryx from $159.00 to $157.00 and set a “buy” rating on the stock in a report on Wednesday, February 10th. Truist assumed coverage on shares of Alteryx in a report on Wednesday, January 20th. They set a “buy” rating and a $150.00 price target on the stock. Finally, DA Davidson lowered their price target on shares of Alteryx from $137.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, January 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. Alteryx currently has an average rating of “Hold” and a consensus price target of $153.92.

Alteryx Company Profile

Alteryx, Inc provides end-to-end analytics platform for data analysts and scientists worldwide. Its analytic process automation 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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