Alteryx (NYSE:AYX) PT Raised to $152.00

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Alteryx (NYSE:AYX) had its target price raised by stock analysts at Wedbush from $126.00 to $152.00 in a research report issued to clients and investors on Friday, The Fly reports. The firm currently has an “outperform” rating on the stock. Wedbush’s target price points to a potential upside of 12.78% from the stock’s previous close.

A number of other research analysts have also commented on the company. Bank of America lowered their price target on Alteryx from $140.00 to $112.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Zacks Investment Research lowered Alteryx from a “strong-buy” rating to a “hold” rating in a report on Monday, January 6th. Needham & Company LLC reissued a “buy” rating and set a $140.00 price target on shares of Alteryx in a report on Tuesday, November 19th. ValuEngine raised Alteryx from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th. Finally, DA Davidson lowered their price target on Alteryx from $123.00 to $95.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Alteryx has an average rating of “Buy” and an average price target of $122.35.

AYX stock traded down $0.41 during mid-day trading on Friday, reaching $134.78. 49,619 shares of the company traded hands, compared to its average volume of 1,213,102. The stock has a market cap of $8.57 billion, a price-to-earnings ratio of -749.35, a P/E/G ratio of 8.01 and a beta of 1.00. The company has a quick ratio of 5.22, a current ratio of 5.22 and a debt-to-equity ratio of 1.69. Alteryx has a fifty-two week low of $64.52 and a fifty-two week high of $147.79. The firm’s 50 day moving average price is $109.52 and its 200 day moving average price is $113.79.

Alteryx (NYSE:AYX) last issued its earnings results on Thursday, October 31st. The company reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.15. The firm had revenue of $103.40 million for the quarter, compared to analyst estimates of $90.42 million. Alteryx had a positive return on equity of 1.09% and a negative net margin of 3.31%. The firm’s revenue for the quarter was up 65.2% on a year-over-year basis. During the same period last year, the company earned $0.08 earnings per share. On average, analysts anticipate that Alteryx will post 0.26 EPS for the current fiscal year.

In related news, CEO Dean Stoecker sold 30,000 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $95.61, for a total value of $2,868,300.00. Following the completion of the transaction, the chief executive officer now owns 98,576 shares in the company, valued at approximately $9,424,851.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kevin Rubin sold 13,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $92.75, for a total value of $1,205,750.00. The disclosure for this sale can be found here. Insiders have sold 156,895 shares of company stock valued at $16,633,384 in the last ninety days. Company insiders own 19.82% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc boosted its position in shares of Alteryx by 20.2% in the 4th quarter. IFP Advisors Inc now owns 726 shares of the company’s stock valued at $76,000 after purchasing an additional 122 shares during the period. Strs Ohio boosted its position in shares of Alteryx by 8.4% in the 3rd quarter. Strs Ohio now owns 1,835 shares of the company’s stock valued at $197,000 after purchasing an additional 142 shares during the period. AE Wealth Management LLC boosted its position in shares of Alteryx by 8.4% in the 3rd quarter. AE Wealth Management LLC now owns 2,165 shares of the company’s stock valued at $233,000 after purchasing an additional 168 shares during the period. Financial Architects Inc boosted its position in shares of Alteryx by 47.6% in the 3rd quarter. Financial Architects Inc now owns 738 shares of the company’s stock valued at $79,000 after purchasing an additional 238 shares during the period. Finally, Griffin Asset Management Inc. acquired a new position in shares of Alteryx in the 2nd quarter valued at $30,000. Institutional investors and hedge funds own 70.22% of the company’s stock.

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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