Cowen restated their outperform rating on shares of Alteryx (NYSE:AYX) in a research report sent to investors on Thursday morning. The firm currently has a $34.00 price objective on the stock, up from their previous price objective of $29.00.
Several other research firms have also recently issued reports on AYX. Bank of America increased their price target on shares of Alteryx from $28.00 to $35.00 and gave the stock a buy rating in a report on Thursday. KeyCorp reaffirmed an overweight rating and issued a $35.00 target price (up from $29.00) on shares of Alteryx in a report on Thursday. Goldman Sachs Group cut shares of 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. Finally, Zacks Investment Research raised shares of Alteryx from a hold rating to a buy rating and set a $30.00 target price for the company in a report on Tuesday, January 9th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $25.80.
Shares of Alteryx (AYX) opened at $33.38 on Thursday. Alteryx has a 12 month low of $14.61 and a 12 month high of $35.81. The firm has a market cap of $1,974.93 and a PE ratio of -77.63.
Alteryx (NYSE:AYX) last announced its earnings results on Wednesday, February 21st. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.05. Alteryx had a negative net margin of 13.30% and a negative return on equity of 8.64%. The business had revenue of $38.60 million during the quarter, compared to the consensus estimate of $35.89 million. During the same quarter in the prior year, the firm earned ($0.11) earnings per share. The business’s quarterly revenue was up 54.6% compared to the same quarter last year. research analysts expect that Alteryx will post -0.44 earnings per share for the current fiscal year.
In other news, major shareholder Qualified Master Fund L. Abdiel bought 75,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were purchased at an average price of $25.54 per share, for a total transaction of $1,915,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dean Stoecker sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $25.87, for a total transaction of $517,400.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 160,000 shares of company stock valued at $4,196,200.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Nationwide Fund Advisors acquired a new stake in Alteryx during the second quarter worth approximately $100,000. Suntrust Banks Inc. boosted its position in Alteryx by 22.1% during the fourth quarter. Suntrust Banks Inc. now owns 32,121 shares of the company’s stock worth $811,000 after acquiring an additional 5,816 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Alteryx by 685.3% during the second quarter. The Manufacturers Life Insurance Company now owns 7,853 shares of the company’s stock worth $154,000 after acquiring an additional 6,853 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Alteryx by 28.4% during the third quarter. Bank of New York Mellon Corp now owns 34,354 shares of the company’s stock worth $699,000 after acquiring an additional 7,597 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY acquired a new stake in Alteryx during the fourth quarter worth approximately $192,000. Hedge funds and other institutional investors own 31.57% of the company’s stock.
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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