Alteryx, Inc. (NYSE:AYX) shares saw an uptick in trading volume on Monday after Bank of America Corporation raised their price target on the stock from $26.00 to $28.00. Bank of America Corporation currently has a buy rating on the stock. 2,014,700 shares traded hands during mid-day trading, an increase of 471% from the previous session’s volume of 353,143 shares.The stock last traded at $25.30 and had previously closed at $21.84.
A number of other analysts also recently issued reports on the stock. KeyCorp reissued an “overweight” rating and set a $29.00 price target (up from $24.00) on shares of Alteryx in a report on Thursday, November 9th. Zacks Investment Research downgraded shares of Alteryx from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $21.70.
In related news, major shareholder Qualified Master Fund L. Abdiel acquired 60,000 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were acquired at an average cost of $18.98 per share, with a total value of $1,138,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Dean Stoecker sold 600,000 shares of the stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $20.24, for a total transaction of $12,144,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 2,317,500 shares of company stock worth $48,921,050 and have sold 7,700,000 shares worth $155,848,000.
A number of institutional investors and hedge funds have recently bought and sold shares of AYX. Ameriprise Financial Inc. purchased a new position in Alteryx during the first quarter valued at $438,000. JPMorgan Chase & Co. purchased a new position in Alteryx during the first quarter valued at $1,560,000. Principal Financial Group Inc. purchased a new position in Alteryx during the first quarter valued at $2,385,000. Wellington Management Group LLP purchased a new position in Alteryx during the first quarter valued at $286,000. Finally, FMR LLC purchased a new position in Alteryx during the first quarter valued at $6,400,000. 16.26% of the stock is currently owned by institutional investors and hedge funds.
Alteryx (NYSE:AYX) last posted its quarterly earnings data on Thursday, November 9th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.10. The business had revenue of $34.16 million for the quarter, compared to the consensus estimate of $32.06 million. Alteryx had a negative net margin of 18.68% and a negative return on equity of 19.62%. The company’s revenue was up 52.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.07) earnings per share. sell-side analysts anticipate that Alteryx, Inc. will post -0.47 earnings per share for the current year.
WARNING: This story was published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this story on another site, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this story can be viewed at https://www.chaffeybreeze.com/2017/11/14/alteryx-inc-ayx-sees-large-volume-increase-on-analyst-upgrade.html.
Alteryx Company Profile
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.
Receive News & Ratings for Alteryx Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alteryx Inc. and related companies with MarketBeat.com's FREE daily email newsletter.