Bank of America Boosts Alteryx (NYSE:AYX) Price Target to $140.00

Alteryx (NYSE:AYX) had its price target upped by Bank of America from $126.00 to $140.00 in a research note released on Thursday, AnalystRatings.com reports. Bank of America currently has a buy rating on the stock.

AYX has been the subject of a number of other reports. DA Davidson increased their price target on Alteryx to $95.00 and gave the company a neutral rating in a research note on Wednesday, June 12th. Goldman Sachs Group began coverage on Alteryx in a report on Friday, June 7th. They issued a buy rating and a $111.00 price objective on the stock. Oppenheimer raised their target price on Alteryx from $93.00 to $120.00 and gave the stock an outperform rating in a report on Monday, June 17th. Citigroup set a $153.00 target price on Alteryx and gave the stock a buy rating in a report on Friday, July 26th. Finally, Needham & Company LLC raised their target price on Alteryx from $120.00 to $139.00 and gave the stock a buy rating in a report on Tuesday. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Alteryx currently has a consensus rating of Buy and an average price target of $116.82.

Alteryx stock traded down $1.41 during midday trading on Thursday, reaching $130.16. The company’s stock had a trading volume of 1,265,073 shares, compared to its average volume of 1,184,368. The stock’s 50-day simple moving average is $113.47. 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 has a 52-week low of $41.66 and a 52-week high of $133.93. The firm has a market capitalization of $7.48 billion, a PE ratio of -650.80, a P/E/G ratio of 50.65 and a beta of 1.24.

Alteryx (NYSE:AYX) last released its quarterly earnings results on Wednesday, July 31st. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.09. Alteryx had a negative return on equity of 4.90% and a negative net margin of 2.84%. The company had revenue of $82.04 million during the quarter, compared to analysts’ expectations of $76.60 million. During the same period last year, the business posted ($0.09) earnings per share. The firm’s revenue was up 59.3% compared to the same quarter last year. Equities research analysts predict that Alteryx will post 0.17 earnings per share for the current year.

In other Alteryx news, Director Timothy I. Maudlin sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $86.07, for a total value of $1,291,050.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert Scott Jones sold 1,598 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $94.63, for a total value of $151,218.74. The disclosure for this sale can be found here. Over the last three months, insiders sold 124,763 shares of company stock worth $12,253,528. 19.82% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Cooper Haims Advisors LLC purchased a new position in shares of Alteryx in the first quarter valued at approximately $509,000. Assenagon Asset Management S.A. acquired a new stake in shares of Alteryx in the first quarter valued at $4,976,000. Marshall Wace LLP acquired a new stake in shares of Alteryx in the first quarter valued at $6,222,000. Legal & General Group Plc grew its stake in shares of Alteryx by 3.4% in the fourth quarter. Legal & General Group Plc now owns 4,541 shares of the company’s stock valued at $270,000 after buying an additional 149 shares in the last quarter. Finally, Hamilton Lane Advisors LLC grew its stake in shares of Alteryx by 493.6% in the first quarter. Hamilton Lane Advisors LLC now owns 79,777 shares of the company’s stock valued at $6,691,000 after buying an additional 66,337 shares in the last quarter. 64.29% of the stock is currently owned by institutional investors.

Alteryx Company Profile

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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Analyst Recommendations for Alteryx (NYSE:AYX)

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