Alteryx (AYX) Downgraded by Wedbush

Alteryx (NYSE:AYX) was downgraded by analysts at Wedbush from an “outperform” rating to a “neutral” rating in a note issued to investors on Monday, Marketbeat reports. They presently have a $68.75 target price on the stock. Wedbush’s target price suggests a potential upside of 3.66% from the stock’s current price. The analysts noted that the move was a valuation call.

AYX has been the subject of a number of other reports. Zacks Investment Research cut Alteryx from a “buy” rating to a “hold” rating in a research note on Monday, November 12th. JMP Securities lifted their price objective on Alteryx from $52.00 to $64.00 and gave the company an “outperform” rating in a research note on Thursday, November 8th. Raymond James lifted their price objective on Alteryx from $54.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, November 8th. DA Davidson set a $66.00 price objective on Alteryx and gave the company a “hold” rating in a research note on Thursday, November 8th. They noted that the move was a valuation call. Finally, Cowen lifted their price objective on Alteryx from $64.00 to $76.00 and gave the company an “outperform” rating in a research note on Thursday, November 8th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $70.36.

Shares of NYSE AYX traded down $3.57 during trading on Monday, reaching $66.32. The stock had a trading volume of 2,370 shares, compared to its average volume of 933,751. Alteryx has a fifty-two week low of $24.46 and a fifty-two week high of $74.24. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $4.29 billion, a PE ratio of -217.11 and a beta of 1.10.

In related news, CRO Robert Scott Jones sold 11,167 shares of the business’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $70.61, for a total transaction of $788,501.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Dean Stoecker sold 40,000 shares of the business’s stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $52.35, for a total value of $2,094,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,296,857 shares of company stock valued at $85,455,264 over the last three months. 39.01% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC purchased a new stake in Alteryx during the 2nd quarter worth about $687,000. Bank of America Corp DE lifted its holdings in Alteryx by 1,038.4% during the 2nd quarter. Bank of America Corp DE now owns 279,498 shares of the company’s stock worth $10,666,000 after buying an additional 254,946 shares during the last quarter. Millennium Management LLC lifted its holdings in Alteryx by 14.8% during the 2nd quarter. Millennium Management LLC now owns 148,932 shares of the company’s stock worth $5,683,000 after buying an additional 19,209 shares during the last quarter. California Public Employees Retirement System lifted its holdings in Alteryx by 57.9% during the 2nd quarter. California Public Employees Retirement System now owns 11,846 shares of the company’s stock worth $452,000 after buying an additional 4,346 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Alteryx by 6.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 114,798 shares of the company’s stock worth $4,380,000 after buying an additional 6,898 shares during the last quarter. 53.74% of the stock is owned by hedge funds and other institutional investors.

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. 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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Analyst Recommendations for Alteryx (NYSE:AYX)

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