Alteryx Inc (AYX) Sees Large Increase in Short Interest

Alteryx Inc (NYSE:AYX) saw a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 1,883,279 shares, a growth of 71.1% from the January 12th total of 1,100,481 shares. Based on an average trading volume of 684,116 shares, the short-interest ratio is currently 2.8 days. Currently, 8.7% of the shares of the stock are short sold.

Shares of Alteryx (NYSE:AYX) opened at $29.30 on Wednesday. Alteryx has a 1-year low of $14.61 and a 1-year high of $31.60.

A number of equities research analysts have recently commented on the stock. KeyCorp reiterated an “overweight” rating and issued a $29.00 target price (up from $24.00) on shares of Alteryx in a research report on Thursday, November 9th. Zacks Investment Research cut shares of Alteryx from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. Bank of America increased their target price on shares of Alteryx from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Finally, Goldman Sachs Group cut shares of Alteryx from a “buy” rating to a “neutral” rating and set a $29.00 target price for the company. in a research report on Wednesday, January 31st. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $23.40.

In other Alteryx news, Chairman Dean Stoecker sold 40,000 shares of the company’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $25.62, for a total transaction of $1,024,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Qualified Master Fund L. Abdiel acquired 75,000 shares of Alteryx stock in a transaction on Tuesday, December 5th. The shares were bought at an average price of $25.54 per share, with a total value of $1,915,500.00. The disclosure for this purchase can be found here. Insiders have sold 160,000 shares of company stock valued at $4,196,200 over the last 90 days.

Several institutional investors and hedge funds have recently made changes to their positions in AYX. Schwab Charles Investment Management Inc. purchased a new stake in shares of Alteryx in the second quarter valued at about $291,000. Bank of New York Mellon Corp purchased a new stake in shares of Alteryx in the second quarter valued at about $522,000. Teachers Advisors LLC purchased a new stake in shares of Alteryx in the second quarter valued at about $316,000. TIAA CREF Investment Management LLC purchased a new stake in shares of Alteryx in the second quarter valued at about $477,000. Finally, Ameriprise Financial Inc. grew its holdings in shares of Alteryx by 147.1% in the second quarter. Ameriprise Financial Inc. now owns 69,271 shares of the company’s stock valued at $1,352,000 after purchasing an additional 41,243 shares during the period. 31.57% of the stock is owned by hedge funds and other institutional investors.

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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.

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