Alteryx (AYX) Receiving Favorable News Coverage, Report Shows

Media stories about Alteryx (NYSE:AYX) have been trending positive on Friday, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Alteryx earned a news sentiment score of 0.27 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.5060212739012 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the media stories that may have effected Accern Sentiment’s analysis:

Shares of Alteryx (NYSE:AYX) traded up 2.26% during trading on Friday, reaching $22.63. 129,054 shares of the company’s stock were exchanged. Alteryx has a 52-week low of $14.61 and a 52-week high of $23.84. The company has a 50 day moving average of $21.30 and a 200 day moving average of $18.92. The firm’s market capitalization is $1.33 billion.

Alteryx (NYSE:AYX) last released its quarterly earnings data on Wednesday, August 2nd. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.05. The business had revenue of $30.30 million for the quarter, compared to the consensus estimate of $29.33 million. The firm’s revenue for the quarter was up 52.3% on a year-over-year basis. Equities analysts anticipate that Alteryx will post ($0.33) earnings per share for the current fiscal year.

A number of analysts recently weighed in on the stock. Cowen and Company reaffirmed an “outperform” rating and set a $23.00 price target (up from $21.00) on shares of Alteryx in a research report on Thursday, August 3rd. KeyCorp reaffirmed an “overweight” rating and set a $24.00 price target (up from $22.00) on shares of Alteryx in a research report on Monday, June 12th. Finally, Zacks Investment Research raised shares of Alteryx from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Tuesday, August 8th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $20.89.

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In other news, major shareholder Qualified Master Fund L. Abdiel purchased 50,000 shares of the business’s stock in a transaction that occurred on Thursday, June 29th. The stock was purchased at an average cost of $19.48 per share, with a total value of $974,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Qualified Master Fund L. Abdiel purchased 163,072 shares of the business’s stock in a transaction that occurred on Tuesday, June 27th. The shares were purchased at an average cost of $19.86 per share, with a total value of $3,238,609.92. The disclosure for this purchase can be found here. Insiders have purchased a total of 613,844 shares of company stock valued at $12,875,239 over the last three months.

Alteryx Company Profile

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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