SeaCrest Wealth Management LLC lessened its stake in Alteryx Inc (NYSE:AYX) by 13.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,850 shares of the company’s stock after selling 751 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Alteryx were worth $485,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. River & Mercantile Asset Management LLP bought a new position in Alteryx in the 2nd quarter worth about $413,000. Valeo Financial Advisors LLC purchased a new position in Alteryx in the third quarter worth $54,000. Focused Wealth Management Inc increased its stake in Alteryx by 59.2% in the fourth quarter. Focused Wealth Management Inc now owns 955 shares of the company’s stock valued at $96,000 after acquiring an additional 355 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in Alteryx during the third quarter valued at about $201,000. Finally, BlackRock Inc. lifted its holdings in shares of Alteryx by 4.4% in the 2nd quarter. BlackRock Inc. now owns 2,740,597 shares of the company’s stock worth $299,053,000 after acquiring an additional 116,402 shares during the last quarter. Hedge funds and other institutional investors own 70.22% of the company’s stock.
Several equities analysts have recently weighed in on the company. Bank of America reduced 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. Piper Jaffray Companies started coverage on Alteryx in a research report on Monday, November 25th. They issued a “neutral” rating and a $112.00 price objective on the stock. They noted that the move was a valuation call. ValuEngine raised Alteryx from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $140.00 price objective on shares of Alteryx in a research note on Tuesday, November 19th. Finally, Zacks Investment Research cut Alteryx from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 6th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Alteryx presently has an average rating of “Buy” and a consensus target price of $122.35.
Shares of AYX stock opened at $133.15 on Friday. The company has a current ratio of 5.22, a quick ratio of 5.22 and a debt-to-equity ratio of 1.69. The stock has a market capitalization of $8.57 billion, a price-to-earnings ratio of -739.68, a price-to-earnings-growth ratio of 8.01 and a beta of 1.00. Alteryx Inc has a 12-month low of $64.52 and a 12-month high of $147.79. The stock’s 50-day moving average price is $109.52 and its 200-day moving average price is $113.79.
Alteryx (NYSE:AYX) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.15. The company had revenue of $103.40 million during 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 was up 65.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.08 earnings per share. As a group, research analysts predict that Alteryx Inc will post 0.26 EPS for the current fiscal year.
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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