Analysts Set Alteryx Inc (AYX) Target Price at $66.60

Shares of Alteryx Inc (NYSE:AYX) have been assigned an average rating of “Buy” from the fourteen research firms that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $66.60.

A number of analysts have issued reports on AYX shares. Citigroup set a $81.00 target price on shares of Alteryx and gave the company a “buy” rating in a research note on Tuesday, September 18th. Needham & Company LLC lifted their target price on shares of Alteryx to $65.00 and gave the company a “buy” rating in a research note on Monday, September 24th. Zacks Investment Research upgraded shares of Alteryx from a “sell” rating to a “hold” rating in a research note on Monday, September 24th. KeyCorp reiterated a “buy” rating on shares of Alteryx in a research note on Wednesday, August 8th. Finally, Raymond James lifted their target price on shares of Alteryx from $54.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, November 8th.

In other news, Chairman Dean Stoecker sold 40,000 shares of Alteryx stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $52.35, for a total value of $2,094,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Kevin Rubin sold 8,500 shares of Alteryx stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $59.01, for a total transaction of $501,585.00. The disclosure for this sale can be found here. In the last three months, insiders bought 194,855 shares of company stock worth $9,551,233 and sold 977,016 shares worth $54,527,058. Company insiders own 39.01% of the company’s stock.

Several large investors have recently added to or reduced their stakes in AYX. California Public Employees Retirement System acquired a new position in Alteryx during the first quarter worth about $256,000. UBS Group AG grew its position in Alteryx by 20.6% during the first quarter. UBS Group AG now owns 29,513 shares of the company’s stock worth $1,008,000 after buying an additional 5,049 shares during the period. Fox Run Management L.L.C. acquired a new position in Alteryx during the second quarter worth about $411,000. Woodstock Corp acquired a new position in Alteryx during the second quarter worth about $583,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in Alteryx during the second quarter worth about $748,000. 42.08% of the stock is currently owned by institutional investors.

NYSE AYX traded up $1.44 during trading on Friday, reaching $53.85. The company’s stock had a trading volume of 198,115 shares, compared to its average volume of 1,181,964. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $3.22 billion, a PE ratio of -173.71 and a beta of 0.99. Alteryx has a 1-year low of $23.95 and a 1-year high of $67.40.

Alteryx (NYSE:AYX) last posted its earnings results on Wednesday, November 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.13. The firm had revenue of $54.18 million during the quarter, compared to analysts’ expectations of $49.79 million. Alteryx had a negative net margin of 6.72% and a negative return on equity of 7.06%. The company’s revenue was up 58.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.02 earnings per share. As a group, equities analysts anticipate that Alteryx will post -0.31 EPS for the current year.

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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