Spark Investment Management LLC lessened its position in Alteryx Inc (NYSE:AYX) by 76.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,700 shares of the company’s stock after selling 82,900 shares during the quarter. Spark Investment Management LLC’s holdings in Alteryx were worth $2,155,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of Alteryx by 7.9% during the 4th quarter. BlackRock Inc. now owns 2,439,511 shares of the company’s stock worth $145,077,000 after acquiring an additional 177,683 shares during the period. Vanguard Group Inc. boosted its stake in shares of Alteryx by 8.5% during the 3rd quarter. Vanguard Group Inc. now owns 2,432,425 shares of the company’s stock worth $139,159,000 after acquiring an additional 191,305 shares during the period. Lord Abbett & CO. LLC boosted its stake in shares of Alteryx by 33.4% during the 4th quarter. Lord Abbett & CO. LLC now owns 871,456 shares of the company’s stock worth $51,825,000 after acquiring an additional 218,023 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Alteryx by 219.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 504,173 shares of the company’s stock worth $28,844,000 after acquiring an additional 346,239 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Alteryx by 122.0% during the 4th quarter. Bank of America Corp DE now owns 432,306 shares of the company’s stock worth $25,709,000 after acquiring an additional 237,603 shares during the period. 57.94% of the stock is currently owned by institutional investors and hedge funds.
AYX has been the subject of several research analyst reports. Zacks Investment Research downgraded Alteryx from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 30th. KeyCorp lifted their target price on Alteryx from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Bank of America reiterated a “buy” rating and set a $90.00 target price (up from $72.00) on shares of Alteryx in a research note on Thursday, February 28th. Wedbush downgraded Alteryx from an “outperform” rating to a “neutral” rating and set a $68.75 target price for the company. in a research note on Monday, February 11th. They noted that the move was a valuation call. Finally, DA Davidson lifted their target price on Alteryx to $86.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $90.25.
In related news, CFO Kevin Rubin sold 68,000 shares of the business’s stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $76.48, for a total value of $5,200,640.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Scott Jones sold 4,166 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $77.30, for a total value of $322,031.80. The disclosure for this sale can be found here. Insiders sold a total of 253,405 shares of company stock valued at $19,193,621 over the last 90 days. 19.82% of the stock is currently owned by corporate insiders.
AYX traded up $1.03 during trading on Tuesday, hitting $89.14. The stock had a trading volume of 2,124 shares, compared to its average volume of 1,107,709. The company has a market capitalization of $5.51 billion, a PE ratio of -445.39, a price-to-earnings-growth ratio of 38.07 and a beta of 1.02. Alteryx Inc has a one year low of $30.92 and a one year high of $98.90. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.58 and a quick ratio of 1.58.
Alteryx (NYSE:AYX) last released its quarterly earnings results on Wednesday, May 1st. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.14. The business had revenue of $76.02 million during the quarter, compared to the consensus estimate of $71.41 million. Alteryx had a negative return on equity of 4.90% and a negative net margin of 2.84%. The firm’s quarterly revenue was up 51.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.01) EPS. Equities analysts anticipate that Alteryx Inc will post 0.17 earnings per share for the current fiscal year.
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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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