Alteryx (AYX) Stock Rating Lowered by Goldman Sachs Group

Goldman Sachs Group cut shares of Alteryx (NYSE:AYX) from a buy rating to a neutral rating in a report issued on Wednesday, MarketBeat Ratings reports. Goldman Sachs Group currently has $29.00 price target on the stock.

Several other research analysts have also issued reports on AYX. Zacks Investment Research lowered shares of Alteryx from a buy rating to a hold rating in a research note on Tuesday, October 3rd. Bank of America started coverage on shares of Alteryx in a research note on Monday, October 16th. They issued a buy rating and a $26.00 price target for the company. Finally, KeyCorp reiterated an overweight rating and issued a $29.00 price target (up from $24.00) on shares of Alteryx in a research note on Thursday, November 9th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of Buy and a consensus price target of $23.40.

Alteryx (AYX) opened at $27.40 on Wednesday. Alteryx has a 12 month low of $14.61 and a 12 month high of $31.60.

Alteryx (NYSE:AYX) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.10. The company had revenue of $34.16 million during 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 quarterly revenue was up 52.1% compared to the same quarter last year. During the same period last year, the business earned ($0.07) EPS. equities research analysts predict that Alteryx will post -0.33 earnings per share for the current fiscal year.

In other news, major shareholder Qualified Master Fund L. Abdiel acquired 75,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The shares were bought at an average cost of $25.54 per share, with a total value of $1,915,500.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CRO Robert Scott Jones sold 1,470 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $25.94, for a total transaction of $38,131.80. The disclosure for this sale can be found here. Insiders have sold a total of 221,470 shares of company stock worth $5,772,332 over the last three months.

A number of hedge funds have recently made changes to their positions in AYX. Nationwide Fund Advisors purchased a new stake in Alteryx during the 2nd quarter valued at about $100,000. Tower Research Capital LLC TRC purchased a new stake in shares of Alteryx during the 2nd quarter valued at about $117,000. The Manufacturers Life Insurance Company boosted its holdings in shares of Alteryx by 685.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,853 shares of the company’s stock valued at $154,000 after acquiring an additional 6,853 shares during the last quarter. New York State Common Retirement Fund purchased a new stake in shares of Alteryx during the 2nd quarter valued at about $187,000. Finally, Rhumbline Advisers purchased a new stake in shares of Alteryx during the 2nd quarter valued at about $195,000. 28.35% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Alteryx (NYSE:AYX)

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