Alteryx, Inc. (AYX) Major Shareholder Purchases $908,000.00 in Stock
Alteryx, Inc. (NYSE:AYX) major shareholder Qualified Master Fund L. Abdiel purchased 40,000 shares of the stock in a transaction that occurred on Tuesday, August 29th. The shares were acquired at an average price of $22.70 per share, for a total transaction of $908,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Alteryx, Inc. (NYSE AYX) opened at 23.59 on Friday. Alteryx, Inc. has a 12-month low of $14.61 and a 12-month high of $23.84. The firm has a 50-day moving average of $22.06 and a 200 day moving average of $19.27. The firm’s market capitalization is $1.39 billion.
Alteryx (NYSE:AYX) last released its quarterly earnings results on Wednesday, August 2nd. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.05. The firm had revenue of $30.30 million for the quarter, compared to analyst estimates of $29.33 million. The firm’s quarterly revenue was up 52.3% on a year-over-year basis. On average, equities analysts predict that Alteryx, Inc. will post ($0.33) EPS for the current year.
Large investors have recently added to or reduced their stakes in the company. Kornitzer Capital Management Inc. KS bought a new stake in Alteryx during the first quarter valued at about $3,500,000. Tygh Capital Management Inc. bought a new stake in Alteryx during the first quarter valued at about $313,000. Ameriprise Financial Inc. bought a new stake in Alteryx during the first quarter valued at about $438,000. JPMorgan Chase & Co. bought a new stake in Alteryx during the first quarter valued at about $1,560,000. Finally, SG Americas Securities LLC bought a new stake in Alteryx during the first quarter valued at about $129,000. 94.38% of the stock is currently owned by institutional investors.
A number of research firms recently weighed in on AYX. Zacks Investment Research upgraded shares of Alteryx from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Wednesday. Cowen and Company restated an “outperform” rating and set a $23.00 price target (up from $21.00) on shares of Alteryx in a research report on Thursday, August 3rd. Finally, KeyCorp restated an “overweight” rating and set a $24.00 price target (up from $22.00) on shares of Alteryx in a research report on Monday, June 12th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $20.89.
Alteryx Company Profile
Alteryx, Inc is a United States-based provider of self-service data analytics software. The Company offers various products, such as Alteryx Designer, Alteryx Server and Alteryx Analytics Gallery. Alteryx Designer is a repeatable workflow for self-service data analytics. Alteryx Designer allows data analysts by combining data preparation, data blending, and analytics-predictive, statistical and spatial-using the same user interface.
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