Alteryx, Inc. (AYX) Downgraded by Zacks Investment Research
Zacks Investment Research lowered shares of Alteryx, Inc. (NYSE:AYX) from a buy rating to a hold rating in a research note published on Thursday.
According to Zacks, “Alteryx, Inc. provides self-service data analytics software platform. The Company’s product consists of Alteryx Designer, Alteryx Server and Alteryx Analytics Gallery. Alteryx Designer offer data preparation, blending and analytics which could be deployable in the cloud and on premise; Alteryx Server, a secure and scalable product for sharing and running analytic applications in a Web-based environment and Alteryx Analytics Gallery, a cloud-based collaboration offering which allows users to share workflows in a centralized repository. Alteryx, Inc. is headquartered in Irvine, California. “
Several other research analysts have also weighed in on AYX. Cowen and Company restated an outperform rating and set a $23.00 price objective (up from $21.00) on shares of Alteryx in a research note on Thursday, August 3rd. KeyCorp restated a buy rating and set a $24.00 price objective on shares of Alteryx in a research note on Friday, September 22nd. Finally, Bank of America Corporation initiated coverage on shares of Alteryx in a research note on Monday, October 16th. They set a buy rating and a $26.00 price objective on the stock. Two investment analysts have 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 $21.70.
Alteryx (NYSE:AYX) traded down $0.31 during trading on Thursday, hitting $25.69. 462,878 shares of the stock traded hands, compared to its average volume of 391,392. Alteryx has a one year low of $14.61 and a one year high of $27.02.
Alteryx (NYSE:AYX) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.10. The company had revenue of $34.16 million for the quarter, compared to analyst estimates of $32.06 million. Alteryx had a negative net margin of 18.68% and a negative return on equity of 19.62%. Alteryx’s revenue for the quarter was up 52.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.07) EPS. research analysts predict that Alteryx will post -0.33 earnings per share for the current fiscal year.
In related news, major shareholder Qualified Master Fund L. Abdiel purchased 40,000 shares of the firm’s 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 purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Qualified Master Fund L. Abdiel purchased 2,000,000 shares of the firm’s stock in a transaction that occurred 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 disclosure for this purchase can be found here. In the last quarter, insiders purchased 2,272,500 shares of company stock worth $47,909,900 and sold 7,700,000 shares worth $155,848,000.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Nationwide Fund Advisors acquired a new position in Alteryx in the 2nd quarter valued at about $100,000. Tower Research Capital LLC TRC acquired a new position in Alteryx in the 2nd quarter valued at about $117,000. The Manufacturers Life Insurance Company grew its stake in Alteryx by 685.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,853 shares of the company’s stock valued at $154,000 after buying an additional 6,853 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Alteryx by 28.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 34,354 shares of the company’s stock valued at $699,000 after buying an additional 7,597 shares during the last quarter. Finally, New York State Common Retirement Fund acquired a new position in shares of Alteryx during the 2nd quarter worth approximately $187,000. Institutional investors and hedge funds own 16.26% of the company’s stock.
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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