Alteryx (AYX) Trading 7.9% Higher

Shares of Alteryx Inc (NYSE:AYX) traded up 7.9% on Tuesday . The stock traded as high as $50.27 and last traded at $50.22. 945,888 shares changed hands during mid-day trading, an increase of 13% from the average session volume of 835,362 shares. The stock had previously closed at $46.55.

Several analysts recently weighed in on the stock. Needham & Company LLC lifted their price target on shares of Alteryx from $51.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, August 14th. Citigroup set a $81.00 price objective on Alteryx and gave the company a “buy” rating in a research report on Tuesday, September 18th. KeyCorp raised their price objective on Alteryx from $53.00 to $61.00 and gave the company an “overweight” rating in a research report on Thursday, August 9th. Oppenheimer assumed coverage on Alteryx in a research report on Friday, June 22nd. They set an “outperform” rating and a $48.00 price objective for the company. Finally, Rosenblatt Securities assumed coverage on Alteryx in a research report on Monday, July 9th. They set a “buy” rating for the company. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $49.50.

The company has a debt-to-equity ratio of 0.91, a current ratio of 2.71 and a quick ratio of 2.71. The stock has a market cap of $3.48 billion, a P/E ratio of -160.23 and a beta of 0.27.

Alteryx (NYSE:AYX) last posted its quarterly earnings results on Wednesday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.01. The firm had revenue of $46.80 million during the quarter, compared to analyst estimates of $43.79 million. Alteryx had a negative return on equity of 9.44% and a negative net margin of 9.44%. Alteryx’s quarterly revenue was up 54.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.09) EPS. Analysts anticipate that Alteryx Inc will post -0.47 earnings per share for the current fiscal year.

In other Alteryx news, SVP Christopher M. Lal sold 30,000 shares of the business’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $53.91, for a total value of $1,617,300.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Dean Stoecker sold 40,000 shares of the business’s stock in a transaction dated Wednesday, October 10th. The stock was sold at an average price of $50.79, for a total value of $2,031,600.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,475,486 shares of company stock valued at $191,973,266. 39.01% of the stock is owned by insiders.

A number of large investors have recently modified their holdings of the business. BlackRock Inc. raised its position in Alteryx by 47.8% in the 2nd quarter. BlackRock Inc. now owns 2,027,578 shares of the company’s stock worth $77,373,000 after buying an additional 655,701 shares during the last quarter. Sandler Capital Management purchased a new position in Alteryx in the 2nd quarter worth about $29,515,000. Engle Capital Management L.P. raised its position in Alteryx by 62.2% in the 2nd quarter. Engle Capital Management L.P. now owns 360,000 shares of the company’s stock worth $13,738,000 after buying an additional 138,000 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Alteryx in the 2nd quarter worth about $12,649,000. Finally, Northern Trust Corp raised its position in Alteryx by 19.8% in the 2nd quarter. Northern Trust Corp now owns 326,679 shares of the company’s stock worth $12,467,000 after buying an additional 53,939 shares during the last quarter. 42.94% of the stock is owned by institutional investors and hedge funds.

Alteryx Company Profile (NYSE:AYX)

Alteryx, Inc operates a self-service data analytics software platform that enables organizations to enhance business outcomes and the productivity of their business analysts. Its software platform includes Alteryx Designer for data preparation, blending, and analytics that could be deployable in the cloud and on premise; Alteryx Server, a secure and scalable 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; Alteryx Promote, an analytics model management product for data scientists and analytics teams to build, manage, monitor, and deploy predictive models to production; and Alteryx Analytics Gallery, a cloud-based collaboration offering that allows users to share workflows in a centralized repository.

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