Alteryx (AYX) Reaches New 1-Year High at $27.65

Alteryx, Inc. (NYSE:AYX) reached a new 52-week high on Wednesday . The stock traded as high as $27.65 and last traded at $25.63, with a volume of 558400 shares traded. The stock had previously closed at $24.57.

Several research firms recently weighed in on AYX. Zacks Investment Research lowered Alteryx from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. Bank of America boosted their target price on Alteryx from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, November 10th. Finally, KeyCorp restated an “overweight” rating and issued a $29.00 target price (up from $24.00) on shares of Alteryx in a report on Thursday, November 9th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $21.70.

Alteryx (NYSE:AYX) last posted its earnings results on Thursday, November 9th. The company reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.10. Alteryx had a negative return on equity of 19.62% and a negative net margin of 18.68%. The firm had revenue of $34.16 million during the quarter, compared to analyst estimates of $32.06 million. During the same period in the previous year, the company earned ($0.07) EPS. The company’s revenue for the quarter was up 52.1% on a year-over-year basis. research analysts anticipate that Alteryx, Inc. will post -0.33 earnings per share for the current fiscal year.

In other Alteryx news, major shareholder Qualified Master Fund L. Abdiel purchased 60,000 shares of the company’s stock in a transaction on Friday, September 15th. The shares were bought at an average cost of $18.98 per share, with a total value of $1,138,800.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Qualified Master Fund L. Abdiel purchased 172,500 shares of the company’s stock in a transaction on Monday, September 11th. The stock was acquired at an average cost of $19.96 per share, for a total transaction of $3,443,100.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 2,232,500 shares of company stock worth $47,001,900 and sold 7,781,470 shares worth $157,958,732.

Hedge funds and other institutional investors have recently modified their holdings of the business. Nationwide Fund Advisors bought a new position in Alteryx in the 2nd quarter worth approximately $100,000. Tower Research Capital LLC TRC bought a new position in Alteryx in the 2nd quarter worth approximately $117,000. The Manufacturers Life Insurance Company increased its position in 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 buying an additional 6,853 shares during the period. New York State Common Retirement Fund bought a new position in Alteryx in the 2nd quarter worth approximately $187,000. Finally, Invictus RG bought a new position in Alteryx in the 3rd quarter worth approximately $202,000. 28.29% of the stock is currently owned by institutional investors.

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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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