Alteryx, Inc.’s (AYX) Lock-Up Period Will End on September 20th
Alteryx’s (NYSE:AYX) lock-up period will end on Wednesday, September 20th. Alteryx had issued 9,000,000 shares in its initial public offering on March 24th. The total size of the offering was $126,000,000 based on an initial share price of $14.00. After the expiration of Alteryx’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.
A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded Alteryx from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Wednesday, August 30th. Cowen and Company reiterated an “outperform” rating and issued a $23.00 target price (up from $21.00) on shares of Alteryx in a research note on Thursday, August 3rd. Finally, KeyCorp reiterated an “overweight” rating and issued a $24.00 target price (up from $22.00) on shares of Alteryx in a research note on Monday, June 12th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $20.44.
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Shares of Alteryx (AYX) opened at 18.79 on Friday. The company’s 50 day moving average is $21.70 and its 200-day moving average is $19.37. Alteryx has a 52 week low of $14.61 and a 52 week high of $24.07. The company’s market capitalization is $1.10 billion.
Alteryx (NYSE:AYX) last announced its earnings results on Wednesday, August 2nd. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.05. The business had revenue of $30.30 million for the quarter, compared to the consensus estimate of $29.33 million. The business’s revenue was up 52.3% compared to the same quarter last year. On average, analysts expect that Alteryx will post ($0.33) EPS for the current fiscal year.
In other Alteryx news, major shareholder Qualified Master Fund L. Abdiel bought 163,072 shares of the firm’s stock in a transaction dated Tuesday, June 27th. The shares were bought at an average price of $19.86 per share, for a total transaction of $3,238,609.92. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Qualified Master Fund L. Abdiel bought 50,000 shares of the firm’s stock in a transaction dated Thursday, June 29th. The shares were acquired at an average price of $19.48 per share, for a total transaction of $974,000.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 2,826,344 shares of company stock worth $59,646,339 and have sold 7,700,000 shares worth $155,848,000.
Institutional investors and hedge funds have recently modified their holdings of the company. Nationwide Fund Advisors acquired a new position in shares of Alteryx during the second quarter valued at $100,000. Tower Research Capital LLC TRC acquired a new position in shares of Alteryx during the second quarter valued at $117,000. SG Americas Securities LLC acquired a new position in shares of Alteryx during the first quarter valued at $129,000. The Manufacturers Life Insurance Company lifted its stake in shares of Alteryx by 685.3% during the second quarter. The Manufacturers Life Insurance Company now owns 7,853 shares of the company’s stock valued at $154,000 after acquiring an additional 6,853 shares during the period. Finally, New York State Common Retirement Fund acquired a new position in shares of Alteryx during the second quarter valued at $187,000. 94.38% of the stock is currently owned by institutional investors and hedge funds.
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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