Alteryx (AYX) Upgraded by Zacks Investment Research to Buy

Zacks Investment Research upgraded shares of Alteryx (NYSE:AYX) from a hold rating to a buy rating in a research report released on Tuesday. They currently have $30.00 target price on the stock.

According to Zacks, “Alteryx, Inc. provides self-service data analytics software platform. The Company’s product consists of Alteryx Designer, Alteryx Server and Alteryx Analytics Gallery. Alteryx Designer offer data preparation, blending and analytics which could be deployable in the cloud and on premise; Alteryx Server, a secure and scalable product for sharing and running analytic applications in a Web-based environment and Alteryx Analytics Gallery, a cloud-based collaboration offering which allows users to share workflows in a centralized repository. Alteryx, Inc. is headquartered in Irvine, California. “

Several other analysts have also issued reports on the stock. Bank of America boosted their price objective on shares of Alteryx from $26.00 to $28.00 and gave the company a buy rating in a report on Friday, November 10th. KeyCorp restated an overweight rating and issued a $29.00 price objective (up from $24.00) on shares of Alteryx in a report on Thursday, November 9th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $22.50.

Shares of Alteryx (AYX) traded down $0.14 on Tuesday, reaching $26.44. 466,442 shares of the company traded hands, compared to its average volume of 389,014. The stock has a market cap of $1,560.00 and a price-to-earnings ratio of -47.21. Alteryx has a 12-month low of $14.61 and a 12-month high of $29.16.

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

In other Alteryx news, CEO Dean Stoecker sold 20,000 shares of the business’s stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $25.87, for a total transaction of $517,400.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Christopher M. Lal sold 15,000 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $25.85, for a total transaction of $387,750.00. The disclosure for this sale can be found here. Insiders have sold 181,470 shares of company stock worth $4,684,932 over the last quarter.

Large investors have recently modified their holdings of the business. Nationwide Fund Advisors purchased a new stake in Alteryx during the second quarter worth about $100,000. Tower Research Capital LLC TRC purchased a new stake in Alteryx during the second quarter worth about $117,000. The Manufacturers Life Insurance Company increased its stake in Alteryx by 685.3% during the second quarter. The Manufacturers Life Insurance Company now owns 7,853 shares of the company’s stock worth $154,000 after purchasing an additional 6,853 shares during the period. New York State Common Retirement Fund purchased a new stake in Alteryx during the second quarter worth about $187,000. Finally, Invictus RG purchased a new stake in Alteryx during the third quarter worth about $202,000. Institutional investors own 28.29% of the company’s stock.

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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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