Alteryx (NYSE:AYX) has been given a $85.00 target price by Citigroup in a research report issued to clients and investors on Friday. The brokerage presently has a “buy” rating on the stock. Citigroup’s price target would indicate a potential upside of 46.86% from the stock’s current price.
Other research analysts have also issued research reports about the company. KeyCorp reaffirmed a “buy” rating on shares of Alteryx in a report on Wednesday, August 8th. Oppenheimer lifted their target price on Alteryx from $48.00 to $56.00 and gave the company an “outperform” rating in a report on Thursday, August 9th. Needham & Company LLC lifted their target price on Alteryx from $51.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, August 14th. DA Davidson set a $66.00 target price on Alteryx and gave the company a “hold” rating in a report on Thursday. They noted that the move was a valuation call. Finally, Raymond James lifted their target price on Alteryx from $54.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Alteryx has a consensus rating of “Buy” and a consensus target price of $66.45.
AYX stock opened at $57.88 on Friday. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.91. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of -186.71 and a beta of 0.99. Alteryx has a twelve month low of $23.00 and a twelve month high of $67.40.
In other news, CRO Robert Scott Jones sold 4,167 shares of Alteryx stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $57.33, for a total transaction of $238,894.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Abdiel Capital Management, Llc purchased 29,855 shares of the company’s stock in a transaction dated Tuesday, October 23rd. The shares were acquired at an average price of $42.53 per share, with a total value of $1,269,733.15. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 194,855 shares of company stock valued at $9,551,233 and have sold 3,390,485 shares valued at $187,381,390. Company insiders own 39.01% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Alteryx by 47.8% during the 2nd quarter. BlackRock Inc. now owns 2,027,578 shares of the company’s stock valued at $77,373,000 after acquiring an additional 655,701 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Alteryx by 20.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 58,910 shares of the company’s stock valued at $2,249,000 after acquiring an additional 9,900 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Alteryx during the 2nd quarter valued at about $876,000. Seven Eight Capital LP bought a new stake in shares of Alteryx during the 3rd quarter valued at about $2,433,000. Finally, Sandler Capital Management bought a new stake in shares of Alteryx during the 2nd quarter valued at about $29,515,000. Hedge funds and other institutional investors own 43.05% of the company’s stock.
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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