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

Shares of Alteryx, Inc. (NYSE:AYX) have earned an average rating of “Hold” from the fourteen research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $47.75.

A number of research analysts have recently weighed in on AYX shares. Rosenblatt Securities restated a “neutral” rating and issued a $48.25 price target on shares of Alteryx in a research report on Friday, February 9th. Piper Sandler reiterated a “neutral” rating and issued a $48.25 target price on shares of Alteryx in a research note on Wednesday, February 7th. Finally, JMP Securities reissued a “market outperform” rating and issued a $60.00 price target on shares of Alteryx in a research note on Monday, February 5th.

Alteryx Price Performance

Shares of NYSE AYX opened at $48.26 on Friday. The company has a debt-to-equity ratio of 4.42, a quick ratio of 1.45 and a current ratio of 1.45. Alteryx has a one year low of $27.92 and a one year high of $59.65. The company’s fifty day moving average is $48.14 and its two-hundred day moving average is $43.83. The firm has a market capitalization of $3.49 billion, a P/E ratio of -18.56 and a beta of 0.49.

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

Insider Buying and Selling at Alteryx

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

Institutional Investors Weigh In On Alteryx

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ancora Advisors LLC acquired a new stake in shares of Alteryx during the first quarter valued at about $29,000. Fortis Capital Advisors LLC purchased a new stake in Alteryx during the 1st quarter worth approximately $36,000. Coppell Advisory Solutions Corp. acquired a new position in shares of Alteryx in the 4th quarter valued at approximately $54,000. PNC Financial Services Group Inc. boosted its stake in shares of Alteryx by 165.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,482 shares of the company’s stock valued at $56,000 after buying an additional 924 shares during the last quarter. Finally, CWM LLC grew its position in shares of Alteryx by 32.1% during the third quarter. CWM LLC now owns 1,638 shares of the company’s stock worth $62,000 after buying an additional 398 shares in the last quarter. Hedge funds and other institutional investors own 72.37% of the company’s stock.

About Alteryx

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.