KeyCorp Raises Alteryx (NYSE:AYX) Price Target to $145.00

Alteryx (NYSE:AYX) had its target price upped by KeyCorp from $123.00 to $145.00 in a research note published on Thursday morning, BenzingaRatingsTable reports. The brokerage currently has an overweight rating on the stock.

AYX has been the subject of a number of other research reports. Needham & Company LLC upped their price objective on Alteryx from $120.00 to $139.00 and gave the stock a buy rating in a research note on Tuesday, July 30th. Oppenheimer upped their price objective on Alteryx from $93.00 to $120.00 and gave the stock an outperform rating in a research note on Monday, June 17th. Wedbush upped their price objective on Alteryx from $93.00 to $123.00 and gave the stock a neutral rating in a research note on Thursday. 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. Finally, Guggenheim began coverage on Alteryx in a research note on Thursday, June 27th. They set a buy rating and a $107.53 price target for the company. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $116.82.

Shares of NYSE AYX traded down $1.41 during mid-day trading on Thursday, reaching $130.16. The company’s stock had a trading volume of 1,309,886 shares, compared to its average volume of 1,169,395. The company has a market cap of $8.23 billion, a price-to-earnings ratio of -650.80, a PEG ratio of 54.52 and a beta of 1.24. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.07. The firm’s fifty day simple moving average is $113.99. Alteryx has a 52 week low of $41.66 and a 52 week high of $133.93.

Alteryx (NYSE:AYX) last released its quarterly earnings data on Wednesday, July 31st. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.09. The firm had revenue of $82.04 million during the quarter, compared to analyst estimates of $76.60 million. Alteryx had a negative return on equity of 2.03% and a negative net margin of 1.71%. The business’s quarterly revenue was up 59.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.09) earnings per share. As a group, equities research analysts anticipate that Alteryx will post 0.17 EPS for the current fiscal year.

In other news, Director Jeff Horing sold 37,148 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $99.29, for a total value of $3,688,424.92. Following the completion of the sale, the director now directly owns 6,081 shares of the company’s stock, valued at approximately $603,782.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles Cory sold 5,714 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $88.55, for a total value of $505,974.70. The disclosure for this sale can be found here. Insiders sold a total of 124,763 shares of company stock valued at $12,253,528 over the last ninety days. Corporate insiders own 19.82% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp raised its stake in Alteryx by 3.9% during the fourth quarter. Bank of New York Mellon Corp now owns 119,166 shares of the company’s stock worth $7,087,000 after acquiring an additional 4,426 shares in the last quarter. Geode Capital Management LLC raised its stake in Alteryx by 10.6% during the fourth quarter. Geode Capital Management LLC now owns 315,195 shares of the company’s stock worth $18,743,000 after acquiring an additional 30,139 shares in the last quarter. Principal Financial Group Inc. raised its stake in Alteryx by 8.9% during the fourth quarter. Principal Financial Group Inc. now owns 147,972 shares of the company’s stock worth $8,800,000 after acquiring an additional 12,089 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in Alteryx by 368.4% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 9,443 shares of the company’s stock worth $562,000 after acquiring an additional 7,427 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in Alteryx by 3.4% during the fourth quarter. Legal & General Group Plc now owns 4,541 shares of the company’s stock worth $270,000 after acquiring an additional 149 shares in the last quarter. Hedge funds and other 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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