Alteryx (NYSE:AYX) Price Target Increased to $139.00 by Analysts at Needham & Company LLC

Alteryx (NYSE:AYX) had its target price lifted by Needham & Company LLC from $120.00 to $139.00 in a report released on Tuesday morning, Briefing.com Automated Import reports. They currently have a buy rating on the stock.

A number of other research analysts also recently issued reports on AYX. JMP Securities lifted their price objective on shares of Qualys from $85.00 to $100.00 and gave the stock a market outperform rating in a research report on Thursday, May 2nd. KeyCorp lifted their price objective on shares of Alteryx from $100.00 to $123.00 and gave the stock an overweight rating in a research report on Friday, June 14th. DA Davidson lifted their price objective on shares of Alteryx to $95.00 and gave the stock a neutral rating in a research report on Wednesday, June 12th. Cowen set a $100.00 price objective on shares of Reliance Steel & Aluminum and gave the stock a buy rating in a research report on Wednesday, June 26th. Finally, Bank of America set a $54.00 price objective on shares of Fortis and gave the stock a buy rating in a research report on Thursday, May 2nd. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $108.61.

Shares of Alteryx stock opened at $119.82 on Tuesday. The stock has a 50 day moving average price of $112.56. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.58 and a current ratio of 1.58. Alteryx has a 52-week low of $38.64 and a 52-week high of $123.06. The stock has a market cap of $7.48 billion, a P/E ratio of -599.10, a P/E/G ratio of 51.46 and a beta of 1.24.

Alteryx (NYSE:AYX) last issued its quarterly earnings data on Wednesday, May 1st. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.14. Alteryx had a negative net margin of 2.84% and a negative return on equity of 4.90%. The firm had revenue of $76.02 million for the quarter, compared to the consensus estimate of $71.41 million. During the same quarter in the previous year, the firm earned ($0.01) EPS. The company’s quarterly revenue was up 51.0% compared to the same quarter last year. As a group, equities research analysts expect that Alteryx will post 0.17 earnings per share for the current fiscal year.

In related news, insider Robert Scott Jones sold 1,599 shares of Alteryx stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $114.06, for a total value of $182,381.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kevin Rubin sold 13,000 shares of Alteryx stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $117.98, for a total transaction of $1,533,740.00. The disclosure for this sale can be found here. Insiders sold a total of 120,597 shares of company stock valued at $11,755,357 over the last quarter. 19.82% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Legal & General Group Plc lifted its stake in Alteryx by 3.4% during the 4th quarter. Legal & General Group Plc now owns 4,541 shares of the company’s stock valued at $270,000 after acquiring an additional 149 shares during the period. Harbour Capital Advisors LLC lifted its stake in Alteryx by 5.1% during the 2nd quarter. Harbour Capital Advisors LLC now owns 6,375 shares of the company’s stock valued at $696,000 after acquiring an additional 310 shares during the period. Sageworth Trust Co acquired a new stake in Alteryx during the 1st quarter valued at approximately $27,000. Penserra Capital Management LLC lifted its stake in Alteryx by 70.7% during the 1st quarter. Penserra Capital Management LLC now owns 1,265 shares of the company’s stock valued at $106,000 after acquiring an additional 524 shares during the period. Finally, FNY Investment Advisers LLC acquired a new stake in Alteryx during the 2nd quarter valued at approximately $80,000. Institutional investors and hedge funds own 64.29% 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, data scientists, and citizen data scientists worldwide. Its software platform includes Alteryx Designer, a data profiling, preparation, blending, and analytics product used to create visual workflows or analytic processes; Alteryx Server, a 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; and Alteryx Promote, an analytics model management product for data scientists and analytics teams to build, manage, monitor, and deploy predictive models into real-time production applications.

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Analyst Recommendations for Alteryx (NYSE:AYX)

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