Alteryx, Inc. (NYSE:AYX) has been assigned an average recommendation of “Buy” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $20.89.
Several analysts have recently issued reports on AYX shares. KeyCorp reissued a “buy” rating and set a $22.00 target price on shares of Alteryx in a report on Thursday, June 1st. Cowen and Company reissued an “outperform” rating and set a $23.00 target price (up from $21.00) on shares of Alteryx in a report on Thursday, August 3rd. Finally, Zacks Investment Research raised Alteryx from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Tuesday, August 8th.
In other Alteryx news, major shareholder Qualified Master Fund L. Abdiel acquired 166,168 shares of Alteryx stock in a transaction that occurred on Monday, August 7th. The shares were acquired at an average cost of $22.06 per share, with a total value of $3,665,666.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Qualified Master Fund L. Abdiel acquired 50,000 shares of Alteryx stock in a transaction that occurred on Thursday, June 29th. The stock was acquired at an average cost of $19.48 per share, for a total transaction of $974,000.00. The disclosure for this purchase can be found here. Insiders purchased 613,844 shares of company stock worth $12,875,239 over the last ninety days.
A number of hedge funds have recently added to or reduced their stakes in AYX. Sapphire Ventures L.L.C. acquired a new stake in Alteryx during the first quarter valued at $96,785,000. ICONIQ Capital LLC purchased a new position in Alteryx during the first quarter valued at approximately $52,298,000. Capital World Investors increased its position in Alteryx by 16.9% in the second quarter. Capital World Investors now owns 1,444,433 shares of the company’s stock valued at $28,195,000 after buying an additional 209,108 shares in the last quarter. Abdiel Capital Advisors LP purchased a new position in Alteryx during the second quarter valued at approximately $24,460,000. Finally, Vanguard Group Inc. increased its position in Alteryx by 2,833.6% in the second quarter. Vanguard Group Inc. now owns 586,718 shares of the company’s stock valued at $11,453,000 after buying an additional 566,718 shares in the last quarter.
Shares of Alteryx (AYX) opened at 22.59 on Wednesday. Alteryx has a one year low of $14.61 and a one year high of $23.84. The firm’s 50 day moving average is $21.47 and its 200-day moving average is $18.99. The firm’s market capitalization is $1.33 billion.
Alteryx (NYSE:AYX) last released its earnings results on Wednesday, August 2nd. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.05. The company had revenue of $30.30 million for the quarter, compared to analyst estimates of $29.33 million. Alteryx’s quarterly revenue was up 52.3% on a year-over-year basis. On average, equities research analysts predict that Alteryx will post ($0.33) earnings per share for the current fiscal year.
About Alteryx
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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