Shares of Alteryx Inc (NYSE:AYX) have been assigned an average recommendation of “Buy” from the fifteen analysts that are currently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $80.30.
Several research analysts have weighed in on AYX shares. Oppenheimer increased their price objective on Alteryx from $65.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, February 28th. Bank of America reiterated a “buy” rating and set a $90.00 price objective (up previously from $72.00) on shares of Alteryx in a research report on Thursday, February 28th. Wedbush increased their price objective on Alteryx from $72.00 to $76.00 and gave the stock a “neutral” rating in a research report on Thursday, February 28th. JPMorgan Chase & Co. increased their price objective on Alteryx to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, February 28th. Finally, KeyCorp increased their price objective on Alteryx from $74.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, February 28th.
AYX stock traded down $1.34 during trading hours on Tuesday, hitting $80.87. 725,982 shares of the stock were exchanged, compared to its average volume of 951,486. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.71 and a quick ratio of 3.71. The stock has a market capitalization of $5.00 billion, a price-to-earnings ratio of -404.35, a PEG ratio of 95.23 and a beta of 1.08. Alteryx has a 12 month low of $30.45 and a 12 month high of $86.19.
In related news, major shareholder Qualified Master Fund L. Abdiel sold 1,150,000 shares of the firm’s stock in a transaction dated Thursday, January 24th. The stock was sold at an average price of $66.75, for a total value of $76,762,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Robert Scott Jones sold 1,599 shares of the firm’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $82.23, for a total value of $131,485.77. The disclosure for this sale can be found here. Insiders sold 1,410,949 shares of company stock worth $96,146,869 in the last 90 days. 19.82% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV acquired a new stake in Alteryx in the first quarter valued at about $338,000. Malaga Cove Capital LLC boosted its stake in Alteryx by 62.4% in the first quarter. Malaga Cove Capital LLC now owns 15,746 shares of the company’s stock valued at $1,321,000 after buying an additional 6,049 shares in the last quarter. Sageworth Trust Co acquired a new stake in Alteryx in the first quarter valued at about $27,000. First Hawaiian Bank boosted its stake in Alteryx by 68.1% in the first quarter. First Hawaiian Bank now owns 8,420 shares of the company’s stock valued at $706,000 after buying an additional 3,410 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Alteryx by 10.6% in the fourth quarter. Geode Capital Management LLC now owns 315,195 shares of the company’s stock valued at $18,743,000 after buying an additional 30,139 shares in the last quarter. 57.42% of the stock is currently owned by institutional investors and hedge funds.
Alteryx, Inc operates a self-service data analytics software platform that enables organizations to enhance business outcomes and the productivity of their business analysts. Its software platform includes Alteryx Designer for data preparation, blending, and analytics that could be deployable in the cloud and on premise; Alteryx Server, a secure and scalable 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; Alteryx Promote, an analytics model management product for data scientists and analytics teams to build, manage, monitor, and deploy predictive models to production; and Alteryx Analytics Gallery, a cloud-based collaboration offering that allows users to share workflows in a centralized repository.
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