Alteryx (NYSE:AYX) PT Raised to $139.00 at Needham & Company LLC

Alteryx (NYSE:AYX) had its target price increased by Needham & Company LLC from $120.00 to $139.00 in a research note published on Tuesday, Briefing.com Automated Import reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages have also recently commented on AYX. JMP Securities increased their price objective on shares of Alteryx from $84.00 to $96.00 and gave the company a market outperform rating in a research note on Thursday, May 2nd. Oppenheimer increased their price objective on shares of Alteryx from $93.00 to $120.00 and gave the company an outperform rating in a research note on Monday, June 17th. Wedbush increased their price objective on shares of Alteryx from $76.00 to $93.00 and gave the company a neutral rating in a research note on Thursday, May 2nd. Bank of America reissued a buy rating and issued a $105.00 price objective (up from $90.00) on shares of Alteryx in a research note on Thursday, May 2nd. Finally, Zacks Investment Research raised shares of Alteryx from a hold rating to a buy rating and set a $101.00 price objective on the stock in a research note on Wednesday, May 8th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Alteryx currently has an average rating of Buy and an average price target of $116.82.

Shares of NYSE AYX opened at $130.16 on Tuesday. Alteryx has a 52 week low of $41.66 and a 52 week high of $133.93. The company has a 50-day simple moving average of $113.99. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.58 and a current ratio of 1.58.

Alteryx (NYSE:AYX) last issued its quarterly earnings data on Wednesday, July 31st. The company reported ($0.04) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.09. The firm had revenue of $82.04 million for the quarter, compared to analysts’ expectations of $76.60 million. Alteryx had a negative net margin of 1.71% and a negative return on equity of 2.03%. The firm’s revenue was up 59.3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.09) EPS. As a group, equities research analysts expect that Alteryx will post 0.18 earnings per share for the current year.

In other Alteryx news, CFO Kevin Rubin sold 13,000 shares of the company’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $117.98, for a total value of $1,533,740.00. 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 4,166 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $119.58, for a total transaction of $498,170.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 124,763 shares of company stock worth $12,253,528. 19.82% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in AYX. Sageworth Trust Co purchased a new position in shares of Alteryx during the 1st quarter worth about $27,000. FNY Investment Advisers LLC purchased a new position in shares of Alteryx during the 2nd quarter worth about $80,000. Penserra Capital Management LLC lifted its holdings in shares of Alteryx by 70.7% during the 1st quarter. Penserra Capital Management LLC now owns 1,265 shares of the company’s stock worth $106,000 after acquiring an additional 524 shares during the period. Aperio Group LLC purchased a new position in shares of Alteryx during the 2nd quarter worth about $156,000. Finally, Advisory Services Network LLC purchased a new position in shares of Alteryx during the 2nd quarter worth about $171,000. Institutional investors own 64.29% of the company’s stock.

About Alteryx

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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