Alteryx, Inc. (NYSE:AYX) Given Average Rating of “Hold” by Brokerages

Alteryx, Inc. (NYSE:AYX) has received a consensus recommendation of “Hold” from the fourteen research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $47.75.

A number of equities research analysts recently issued reports on AYX shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Alteryx in a research note on Monday, December 18th. Piper Sandler reiterated a “neutral” rating and set a $48.25 price objective on shares of Alteryx in a research report on Wednesday, February 7th. JMP Securities reiterated a “market outperform” rating and set a $60.00 price objective on shares of Alteryx in a research report on Monday, February 5th. Citigroup reiterated a “neutral” rating and set a $48.25 price objective on shares of Alteryx in a research report on Tuesday, December 19th. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $48.25 price objective on shares of Alteryx in a research report on Friday, February 9th.

Alteryx Price Performance

Alteryx stock opened at $48.26 on Friday. The company has a market cap of $3.49 billion, a price-to-earnings ratio of -18.56 and a beta of 0.49. The firm’s fifty day moving average is $48.09 and its 200 day moving average is $43.56. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 4.42. Alteryx has a 52-week low of $27.92 and a 52-week high of $59.65.

Alteryx (NYSE:AYX) last released its quarterly earnings results on Tuesday, February 6th. The company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.67. The company had revenue of $351.00 million for the quarter, compared to the consensus estimate of $337.67 million. Alteryx had a negative net margin of 18.46% and a negative return on equity of 118.87%. Sell-side analysts forecast that Alteryx will post -1.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other Alteryx news, Director Dean Stoecker bought 35,000 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were bought at an average cost of $47.46 per share, for a total transaction of $1,661,100.00. Following the acquisition, the director now directly owns 60,000 shares in the company, valued at $2,847,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Christopher M. Lal purchased 9,156 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was acquired at an average cost of $48.16 per share, with a total value of $440,952.96. Following the completion of the transaction, the insider now owns 118,001 shares in the company, valued at approximately $5,682,928.16. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Dean Stoecker purchased 35,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were purchased at an average cost of $47.46 per share, with a total value of $1,661,100.00. Following the completion of the transaction, the director now owns 60,000 shares of the company’s stock, valued at approximately $2,847,600. The disclosure for this purchase can be found here. Insiders have acquired a total of 86,656 shares of company stock worth $4,137,803 in the last three months. Corporate insiders own 13.56% of the company’s stock.

Institutional Trading of Alteryx

Several hedge funds have recently modified their holdings of the company. Virtu Financial LLC purchased a new stake in shares of Alteryx during the fourth quarter valued at about $229,000. Clarity Capital Partners LLC purchased a new stake in shares of Alteryx during the fourth quarter valued at about $997,000. FIL Ltd purchased a new stake in shares of Alteryx during the fourth quarter valued at about $121,442,000. Price T Rowe Associates Inc. MD lifted its position in shares of Alteryx by 10.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 31,815 shares of the company’s stock valued at $1,501,000 after buying an additional 2,972 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Alteryx by 2.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 25,643 shares of the company’s stock valued at $1,209,000 after buying an additional 701 shares during the last quarter. 72.37% of the stock is owned by hedge funds and other institutional investors.

Alteryx Company Profile

Alteryx, Inc, together with its subsidiaries, operates in the analytics automation business in the United States and internationally. The company's analytics platform automates tasks for workers across the analytics value chain. Its analytics platform comprises Alteryx Designer, a data profiling, preparation, blending, and analytics product; Alteryx Server, a server-based product for scheduling, sharing, and running analytic processes and applications in a web-based environment; Alteryx Intelligence Suite, a solution that provides automated modeling, optical character recognition, and natural language processing; and Alteryx Connect, a collaborative data exploration platform.