Alteryx (AYX) Upgraded by TheStreet to C

TheStreet upgraded shares of Alteryx (NYSE:AYX) from a d+ rating to a c rating in a research note issued to investors on Thursday.

A number of other research analysts also recently issued reports on AYX. DA Davidson set a $66.00 price target on Alteryx and gave the company a hold rating in a report on Thursday. They noted that the move was a valuation call. Zacks Investment Research raised Alteryx from a hold rating to a buy rating and set a $65.00 price target for the company in a report on Friday. Bank of America boosted their price target on Alteryx from $54.00 to $72.00 and gave the company a buy rating in a report on Friday. Cowen boosted their price target on Alteryx from $64.00 to $76.00 and gave the company an outperform rating in a report on Thursday. Finally, JMP Securities boosted their price target on Alteryx from $52.00 to $64.00 and gave the company an outperform rating in a report on Thursday. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $66.45.

NYSE AYX traded down $0.41 during trading hours on Thursday, reaching $57.88. The stock had a trading volume of 936,512 shares, compared to its average volume of 1,147,495. The firm has a market cap of $3.57 billion, a P/E ratio of -186.71 and a beta of 0.99. Alteryx has a 52-week low of $23.00 and a 52-week high of $67.40. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.91.

Alteryx (NYSE:AYX) last issued its earnings results on Wednesday, November 7th. The company reported $0.03 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.13. Alteryx had a negative return on equity of 7.38% and a negative net margin of 6.72%. The firm had revenue of $54.18 million for the quarter, compared to analyst estimates of $49.79 million. During the same quarter in the prior year, the firm earned $0.02 earnings per share. Alteryx’s revenue for the quarter was up 58.6% on a year-over-year basis. As a group, research analysts expect that Alteryx will post -0.47 earnings per share for the current year.

In other Alteryx news, major shareholder Abdiel Capital Management, Llc bought 75,000 shares of Alteryx stock in a transaction dated Thursday, November 1st. The stock was acquired at an average cost of $53.54 per share, with a total value of $4,015,500.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Langley P. Eide sold 37,003 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $55.36, for a total value of $2,048,486.08. The disclosure for this sale can be found here. Over the last three months, insiders acquired 194,855 shares of company stock valued at $9,551,233 and sold 3,390,485 shares valued at $187,381,390. Insiders own 39.01% of the company’s stock.

Several hedge funds have recently made changes to their positions in AYX. Sandler Capital Management acquired a new position in shares of Alteryx during the 2nd quarter worth approximately $29,515,000. BlackRock Inc. raised its stake in shares of Alteryx by 47.8% during the 2nd quarter. BlackRock Inc. now owns 2,027,578 shares of the company’s stock worth $77,373,000 after buying an additional 655,701 shares during the period. FMR LLC raised its stake in shares of Alteryx by 1,950.6% during the 3rd quarter. FMR LLC now owns 369,100 shares of the company’s stock worth $21,116,000 after buying an additional 351,100 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Alteryx by 219.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 504,173 shares of the company’s stock worth $28,844,000 after buying an additional 346,239 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in shares of Alteryx during the 2nd quarter worth approximately $12,649,000. 43.05% of the stock is owned by institutional investors and hedge funds.

Alteryx Company Profile

Alteryx, Inc operates a self-service data analytics software platform that enables organizations to enhance business outcomes and the productivity of their business analysts. Its software platform includes Alteryx Designer for data preparation, blending, and analytics that could be deployable in the cloud and on premise; Alteryx Server, a secure and scalable server-based product for scheduling, sharing, and running analytic processes and applications in a Web-based environment; Alteryx Connect, a collaborative data exploration platform for discovering information assets and sharing recommendations across the enterprise; Alteryx Promote, an analytics model management product for data scientists and analytics teams to build, manage, monitor, and deploy predictive models to production; and Alteryx Analytics Gallery, a cloud-based collaboration offering that allows users to share workflows in a centralized repository.

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Analyst Recommendations for Alteryx (NYSE:AYX)

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