Alteryx Inc (NYSE:AYX) Receives Consensus Recommendation of “Buy” from Analysts

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Alteryx Inc (NYSE:AYX) has received an average recommendation of “Buy” from the twenty analysts that are presently covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $120.77.

A number of research analysts recently issued reports on AYX shares. Compass Point started coverage on Alteryx in a report on Tuesday, August 13th. They issued a “buy” rating and a $150.00 price target for the company. DA Davidson cut their price target on Alteryx from $123.00 to $95.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Bank of America cut their price target on Alteryx from $140.00 to $112.00 and set a “buy” rating for the company in a report on Friday, November 1st. Zacks Investment Research cut Alteryx from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Finally, Needham & Company LLC reissued a “buy” rating and set a $140.00 price objective on shares of Alteryx in a report on Tuesday, November 19th.

Shares of Alteryx stock traded down $5.70 during trading on Wednesday, reaching $107.83. The company’s stock had a trading volume of 3,285,582 shares, compared to its average volume of 1,389,137. The stock has a 50-day moving average price of $99.77 and a two-hundred day moving average price of $110.35. The company has a current ratio of 5.22, a quick ratio of 5.22 and a debt-to-equity ratio of 1.69. Alteryx has a one year low of $48.34 and a one year high of $147.79. The stock has a market capitalization of $7.39 billion, a P/E ratio of -539.15, a price-to-earnings-growth ratio of 10.68 and a beta of 1.08.

Alteryx (NYSE:AYX) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.15. Alteryx had a positive return on equity of 1.09% and a negative net margin of 3.31%. The business had revenue of $103.40 million during the quarter, compared to analysts’ expectations of $90.42 million. During the same period in the previous year, the business posted $0.08 earnings per share. The firm’s revenue for the quarter was up 65.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Alteryx will post 0.27 EPS for the current fiscal year.

In other Alteryx news, insider Christopher M. Lal sold 1,460 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $100.00, for a total transaction of $146,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kevin Rubin sold 13,000 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $135.75, for a total value of $1,764,750.00. The disclosure for this sale can be found here. Insiders have sold a total of 77,051 shares of company stock valued at $8,406,433 over the last three months. Company insiders own 19.82% of the company’s stock.

Several hedge funds have recently made changes to their positions in AYX. Whale Rock Capital Management LLC increased its stake in shares of Alteryx by 175.4% in the 2nd quarter. Whale Rock Capital Management LLC now owns 2,083,414 shares of the company’s stock valued at $227,342,000 after acquiring an additional 1,326,900 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Alteryx by 30.6% in the 2nd quarter. Vanguard Group Inc. now owns 3,990,240 shares of the company’s stock valued at $435,414,000 after acquiring an additional 935,331 shares during the last quarter. Brown Capital Management LLC increased its stake in shares of Alteryx by 15.2% in the 2nd quarter. Brown Capital Management LLC now owns 3,767,890 shares of the company’s stock valued at $411,152,000 after acquiring an additional 498,223 shares during the last quarter. Invesco Ltd. increased its stake in shares of Alteryx by 162.9% in the 2nd quarter. Invesco Ltd. now owns 584,092 shares of the company’s stock valued at $63,736,000 after acquiring an additional 361,959 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Alteryx by 298.5% in the 3rd quarter. First Trust Advisors LP now owns 461,822 shares of the company’s stock valued at $49,614,000 after acquiring an additional 345,925 shares during the last quarter. 70.08% of the stock is owned by institutional investors.

Alteryx Company Profile

Alteryx, Inc operates a self-service data analytics software platform that enables organizations to enhance business outcomes and the productivity of their business analysts, data scientists, and citizen data scientists worldwide. Its software platform includes Alteryx Designer, a data profiling, preparation, blending, and analytics product used to create visual workflows or analytic processes; Alteryx Server, a 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; and Alteryx Promote, an analytics model management product for data scientists and analytics teams to build, manage, monitor, and deploy predictive models into real-time production applications.

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Analyst Recommendations for Alteryx (NYSE:AYX)

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