Alteryx (AYX) Sets New 1-Year High and Low at $39.21

Alteryx (NYSE:AYX)’s share price hit a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $39.21 and last traded at $38.30, with a volume of 324332 shares. The stock had previously closed at $38.11.

Several equities analysts have issued reports on AYX shares. Goldman Sachs lowered Alteryx from a “buy” rating to a “neutral” rating and set a $29.00 price objective on the stock. in a report on Wednesday, January 31st. Zacks Investment Research lowered Alteryx from a “hold” rating to a “sell” rating in a report on Monday, February 26th. KeyCorp reaffirmed an “overweight” rating and set a $35.00 price objective (up previously from $29.00) on shares of Alteryx in a report on Thursday, February 22nd. Needham & Company LLC started coverage on Alteryx in a report on Tuesday, April 10th. They set a “buy” rating and a $39.00 price objective on the stock. Finally, Bank of America raised their price objective on Alteryx from $28.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Alteryx presently has an average rating of “Hold” and an average target price of $33.67.

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The firm has a market capitalization of $2,209.81 and a PE ratio of -122.94.

Alteryx (NYSE:AYX) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.05. Alteryx had a negative return on equity of 8.51% and a negative net margin of 13.30%. The company had revenue of $38.60 million for the quarter, compared to analyst estimates of $35.89 million. During the same quarter last year, the company posted ($0.11) earnings per share. The business’s quarterly revenue was up 54.6% compared to the same quarter last year. analysts forecast that Alteryx will post -0.41 EPS for the current year.

In related news, Chairman Dean Stoecker sold 40,000 shares of the firm’s stock in a transaction dated Thursday, April 12th. The stock was sold at an average price of $33.99, for a total transaction of $1,359,600.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CRO Robert Scott Jones sold 27,226 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $34.09, for a total value of $928,134.34. The disclosure for this sale can be found here. In the last three months, insiders have sold 329,552 shares of company stock worth $11,144,987.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its holdings in shares of Alteryx by 685.3% during the second quarter. The Manufacturers Life Insurance Company now owns 7,853 shares of the company’s stock worth $154,000 after buying an additional 6,853 shares during the last quarter. Metropolitan Life Insurance Co. NY purchased a new position in shares of Alteryx during the fourth quarter worth about $192,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Alteryx in the 4th quarter valued at approximately $256,000. MetLife Investment Advisors LLC purchased a new stake in Alteryx in the 4th quarter valued at approximately $279,000. Finally, Wells Fargo & Company MN purchased a new stake in Alteryx in the 3rd quarter valued at approximately $293,000. 33.12% of the stock is currently owned by hedge funds and other institutional investors.

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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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