Alteryx, Inc. (AYX) Receives Average Rating of “Buy” from Brokerages

Alteryx, Inc. (NYSE:AYX) has been given an average recommendation of “Buy” by the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $20.00.

Several research firms have recently weighed in on AYX. KeyCorp reissued an “overweight” rating and issued a $24.00 price objective (up from $22.00) on shares of Alteryx in a research report on Monday, June 12th. William Blair reissued an “outperform” rating and issued a $17.00 price objective on shares of Alteryx in a research report on Tuesday, April 18th. Raymond James Financial, Inc. began coverage on Alteryx in a research report on Tuesday, April 18th. They issued an “outperform” rating and a $20.00 price objective for the company. JMP Securities began coverage on Alteryx in a research report on Tuesday, April 18th. They issued an “outperform” rating and a $20.00 price objective for the company. Finally, Cowen and Company began coverage on Alteryx in a research report on Tuesday, April 18th. They issued an “outperform” rating and a $21.00 price objective for the company.

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In related news, major shareholder Qualified Master Fund L. Abdiel purchased 163,072 shares of the business’s stock in a transaction on Tuesday, June 27th. The stock was acquired at an average price of $19.86 per share, for a total transaction of $3,238,609.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Qualified Master Fund L. Abdiel purchased 50,000 shares of the business’s stock in a transaction on Thursday, June 29th. The shares were bought at an average price of $19.48 per share, with a total value of $974,000.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 320,572 shares of company stock valued at $6,322,060.

A number of institutional investors have recently added to or reduced their stakes in the stock. UBS Oconnor LLC bought a new position in Alteryx during the first quarter worth about $656,000. TCW Group Inc. bought a new position in Alteryx during the first quarter worth about $1,253,000. Tudor Investment Corp ET AL bought a new position in Alteryx during the first quarter worth about $2,087,000. Driehaus Capital Management LLC bought a new position in Alteryx during the first quarter worth about $4,285,000. Finally, ICONIQ Capital LLC bought a new position in Alteryx during the first quarter worth about $52,298,000.

Alteryx (AYX) traded down 2.82% on Tuesday, reaching $20.35. The company’s stock had a trading volume of 158,996 shares. The firm’s 50-day moving average price is $20.26 and its 200-day moving average price is $18.46. The stock’s market cap is $210.62 million. Alteryx has a 52-week low of $14.61 and a 52-week high of $23.14.

About Alteryx

Alteryx, Inc is a United States-based provider of self-service data analytics software. The Company offers various products, such as Alteryx Designer, Alteryx Server and Alteryx Analytics Gallery. Alteryx Designer is a repeatable workflow for self-service data analytics. Alteryx Designer allows data analysts by combining data preparation, data blending, and analytics-predictive, statistical and spatial-using the same user interface.

Analyst Recommendations for Alteryx (NYSE:AYX)

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