Insider Selling: Alteryx, Inc. (AYX) Major Shareholder Sells 2,000,000 Shares of Stock
Alteryx, Inc. (NYSE:AYX) major shareholder Reuters Corp /Can/ Thomson sold 2,000,000 shares of the stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $20.24, for a total value of $40,480,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of Alteryx, Inc. (NYSE AYX) traded down 2.86% during trading on Tuesday, hitting $19.37. The company’s stock had a trading volume of 777,780 shares. The stock’s market cap is $1.14 billion. The company has a 50-day moving average price of $21.94 and a 200-day moving average price of $19.38. Alteryx, Inc. has a one year low of $14.61 and a one year high of $24.07.
Alteryx (NYSE:AYX) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported ($0.09) 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 analysts’ expectations of $29.33 million. Alteryx’s revenue for the quarter was up 52.3% on a year-over-year basis. Equities analysts predict that Alteryx, Inc. will post ($0.33) EPS for the current fiscal year.
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A number of equities analysts have issued reports on AYX shares. KeyCorp reiterated an “overweight” rating and set a $24.00 price target (up previously from $22.00) on shares of Alteryx in a research report on Monday, June 12th. Cowen and Company reissued an “outperform” rating and set a $23.00 target price (up previously from $21.00) on shares of Alteryx in a report on Thursday, August 3rd. Finally, Zacks Investment Research raised Alteryx from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Wednesday, August 30th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $20.89.
Several large investors have recently made changes to their positions in the company. Lord Abbett & CO. LLC boosted its stake in shares of Alteryx by 64.6% during the 2nd quarter. Lord Abbett & CO. LLC now owns 330,090 shares of the company’s stock worth $6,444,000 after acquiring an additional 129,591 shares in the last quarter. California State Teachers Retirement System purchased a new stake in shares of Alteryx during the 2nd quarter worth approximately $306,000. Tower Research Capital LLC TRC purchased a new stake in shares of Alteryx during the 2nd quarter worth approximately $117,000. The Manufacturers Life Insurance Company boosted its stake in shares of Alteryx by 685.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,853 shares of the company’s stock worth $154,000 after acquiring an additional 6,853 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Alteryx during the 2nd quarter worth approximately $434,000. 94.38% of the stock is currently owned by institutional investors and hedge funds.
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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