Zacks Investment Research downgraded shares of Alteryx (NYSE:AYX) from a buy rating to a hold rating in a report released on Wednesday morning.

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. “

Other equities analysts have also recently issued research reports about the stock. Bank of America started coverage on shares of Alteryx in a research report on Monday, October 16th. They issued a buy rating and a $26.00 price target on the stock. KeyCorp reaffirmed a buy rating and issued a $24.00 price target on shares of Alteryx in a research report on Friday, September 22nd. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $22.50.

Alteryx (AYX) traded up $0.88 during mid-day trading on Wednesday, hitting $26.97. 623,200 shares of the stock were exchanged, compared to its average volume of 677,704. The company has a market cap of $1,600.00 and a PE ratio of -48.16. Alteryx has a one year low of $14.61 and a one year high of $29.16.

Alteryx (NYSE:AYX) last announced its quarterly earnings results on Thursday, November 9th. The company reported $0.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.10. Alteryx had a negative net margin of 18.68% and a negative return on equity of 19.62%. The business had revenue of $34.16 million for the quarter, compared to analysts’ expectations of $32.06 million. During the same quarter last year, the firm earned ($0.07) EPS. The firm’s revenue for the quarter was up 52.1% compared to the same quarter last year. research analysts anticipate that Alteryx will post -0.33 earnings per share for the current fiscal year.

In other Alteryx news, CEO Dean Stoecker sold 20,000 shares of Alteryx stock in a transaction that occurred on Friday, December 28th. The shares were sold at an average price of $25.87, for a total transaction of $517,400.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kevin Rubin sold 40,000 shares of Alteryx stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $25.99, for a total transaction of $1,039,600.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 201,470 shares of company stock worth $5,209,132.

Institutional investors have recently bought and sold shares of the business. Nationwide Fund Advisors bought a new position in shares of Alteryx during the 2nd quarter worth approximately $100,000. Tower Research Capital LLC TRC bought a new position in shares of Alteryx during the 2nd quarter worth approximately $117,000. The Manufacturers Life Insurance Company lifted its position 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 buying an additional 6,853 shares in the last quarter. New York State Common Retirement Fund bought a new position in shares of Alteryx during the 2nd quarter worth approximately $187,000. Finally, Rhumbline Advisers bought a new position in shares of Alteryx during the 2nd quarter worth approximately $195,000. 28.29% of the stock is currently owned by hedge funds and other institutional investors.

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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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