Alteryx, Inc. (NYSE:AYX) has earned a consensus recommendation of “Buy” from the ten analysts that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $20.89.
A number of equities research analysts recently weighed in on AYX shares. Zacks Investment Research downgraded Alteryx from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Cowen and Company reissued an “outperform” rating and set a $23.00 target price (up from $21.00) on shares of Alteryx in a research report on Thursday, August 3rd. Bank of America Corporation started coverage on Alteryx in a research report on Monday, October 16th. They set a “buy” rating and a $26.00 target price on the stock. Finally, KeyCorp reissued a “buy” rating and set a $24.00 target price on shares of Alteryx in a research report on Friday, September 22nd.
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In other Alteryx news, Director Jayendra Das sold 5,100,000 shares of Alteryx stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $20.24, for a total transaction of $103,224,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Qualified Master Fund L. Abdiel acquired 55,000 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were bought at an average cost of $22.87 per share, for a total transaction of $1,257,850.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 2,399,604 shares of company stock worth $50,797,413 and have sold 7,700,000 shares worth $155,848,000.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nationwide Fund Advisors acquired a new stake in Alteryx during the second quarter valued at approximately $100,000. Tower Research Capital LLC TRC acquired a new position in shares of Alteryx in the 2nd quarter worth approximately $117,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Alteryx by 685.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,853 shares of the company’s stock worth $154,000 after acquiring an additional 6,853 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Alteryx in the 1st quarter worth approximately $129,000. Finally, New York State Common Retirement Fund acquired a new position in shares of Alteryx in the 2nd quarter worth approximately $187,000. 16.54% of the stock is currently owned by institutional investors.
Alteryx (NYSE:AYX) opened at $21.97 on Monday.
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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