Alteryx (NYSE:AYX) had its price objective increased by Needham & Company LLC to $151.00 in a note issued to investors on Tuesday, MarketBeat.com reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s price objective points to a potential downside of 4.43% from the stock’s current price.
Several other brokerages also recently weighed in on AYX. Zacks Investment Research raised Alteryx from a “hold” rating to a “strong-buy” rating and set a $167.00 target price on the stock in a research note on Wednesday, February 5th. Piper Jaffray Companies started coverage on shares of Alteryx in a research report on Monday, November 25th. They issued a “neutral” rating and a $112.00 price target on the stock. They noted that the move was a valuation call. Wedbush increased their target price on shares of Alteryx from $126.00 to $152.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Bank of America decreased their price target on shares of Alteryx from $140.00 to $112.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Finally, Piper Sandler upped their price target on Alteryx from $112.00 to $144.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $137.15.
NYSE AYX opened at $158.00 on Tuesday. The company has a market capitalization of $10.28 billion, a P/E ratio of 415.80, a price-to-earnings-growth ratio of 9.07 and a beta of 0.89. Alteryx has a 52 week low of $64.52 and a 52 week high of $158.62. The stock’s 50-day moving average price is $126.38 and its 200-day moving average price is $116.29. The company has a quick ratio of 5.22, a current ratio of 5.22 and a debt-to-equity ratio of 1.69.
Alteryx (NYSE:AYX) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.43. Alteryx had a return on equity of 12.54% and a net margin of 6.49%. The company had revenue of $156.45 million for the quarter, compared to analysts’ expectations of $131.00 million. Research analysts anticipate that Alteryx will post 0.44 EPS for the current year.
In other news, CEO Dean Stoecker sold 30,000 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $145.69, for a total value of $4,370,700.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CRO Robert Scott Jones sold 1,599 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $108.10, for a total transaction of $172,851.90. Insiders sold 159,055 shares of company stock valued at $18,540,877 in the last 90 days. Corporate insiders own 19.82% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rathbone Brothers plc grew its stake in shares of Alteryx by 0.4% during the 4th quarter. Rathbone Brothers plc now owns 25,236 shares of the company’s stock valued at $2,525,000 after acquiring an additional 90 shares during the period. IFP Advisors Inc boosted its holdings in shares of Alteryx by 20.2% in the 4th quarter. IFP Advisors Inc now owns 726 shares of the company’s stock valued at $76,000 after buying an additional 122 shares during the period. ProShare Advisors LLC grew its position in shares of Alteryx by 6.1% during the 4th quarter. ProShare Advisors LLC now owns 2,324 shares of the company’s stock valued at $233,000 after buying an additional 134 shares during the last quarter. Strs Ohio raised its stake in Alteryx by 8.4% during the third quarter. Strs Ohio now owns 1,835 shares of the company’s stock worth $197,000 after acquiring an additional 142 shares during the period. Finally, L & S Advisors Inc lifted its holdings in Alteryx by 3.2% in the fourth quarter. L & S Advisors Inc now owns 5,034 shares of the company’s stock worth $504,000 after acquiring an additional 157 shares during the last quarter. 70.35% of the stock is currently owned by hedge funds and other institutional investors.
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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