Capital World Investors Buys 209,108 Shares of Alteryx, Inc. (AYX)
Capital World Investors raised its stake in shares of Alteryx, Inc. (NYSE:AYX) by 16.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,444,433 shares of the company’s stock after acquiring an additional 209,108 shares during the quarter. Capital World Investors owned approximately 2.46% of Alteryx worth $28,195,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nationwide Fund Advisors bought a new stake in Alteryx during the 2nd quarter valued at $100,000. SG Americas Securities LLC bought a new stake in Alteryx during the 1st quarter valued at $129,000. New York State Common Retirement Fund bought a new stake in Alteryx during the 2nd quarter valued at $187,000. Rhumbline Advisers bought a new stake in Alteryx during the 2nd quarter valued at $195,000. Finally, Clearbridge Investments LLC bought a new stake in Alteryx during the 1st quarter valued at $249,000. 16.64% of the stock is currently owned by institutional investors and hedge funds.
In related news, major shareholder Qualified Master Fund L. Abdiel acquired 2,000,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was bought at an average price of $21.21 per share, for a total transaction of $42,420,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Qualified Master Fund L. Abdiel acquired 60,000 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was bought at an average price of $18.98 per share, with a total value of $1,138,800.00. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 2,595,772 shares of company stock valued at $55,061,279 and have sold 7,700,000 shares valued at $155,848,000.
AYX has been the topic of several recent research reports. Zacks Investment Research raised Alteryx from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Tuesday, August 8th. KeyCorp reaffirmed an “overweight” rating and set a $24.00 target price (up previously from $22.00) on shares of Alteryx in a research report on Monday, June 12th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $23.00 target price (up previously from $21.00) on shares of Alteryx in a research report on Thursday, August 3rd. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Alteryx currently has an average rating of “Buy” and a consensus price target of $20.44.
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Shares of Alteryx, Inc. (AYX) opened at 20.69 on Monday. Alteryx, Inc. has a one year low of $14.61 and a one year high of $24.07. The stock’s market cap is $1.22 billion. The stock’s 50 day moving average price is $20.90 and its 200 day moving average price is $19.43.
Alteryx (NYSE:AYX) last issued its earnings results on Wednesday, August 2nd. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates 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 company’s quarterly revenue was up 52.3% compared to the same quarter last year. Analysts forecast that Alteryx, Inc. will post ($0.33) earnings per share for the current year.
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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