Alteryx Inc (NYSE:AYX) was the target of a significant increase in short interest during the month of December. As of December 29th, there was short interest totalling 1,421,285 shares, an increase of 29.8% from the December 15th total of 1,094,934 shares. Based on an average daily trading volume, of 706,837 shares, the days-to-cover ratio is currently 2.0 days. Approximately 6.6% of the company’s stock are sold short.

Several brokerages recently commented on AYX. Zacks Investment Research raised shares of Alteryx from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Tuesday, January 9th. Bank of America began coverage on shares of Alteryx in a research report on Monday, October 16th. They issued a “buy” rating and a $26.00 price objective for the company. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $29.00 price objective (up from $24.00) on shares of Alteryx in a research report on Thursday, November 9th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Alteryx currently has a consensus rating of “Buy” and a consensus target price of $22.50.

Alteryx (NYSE AYX) opened at $28.27 on Friday. Alteryx has a 1 year low of $14.61 and a 1 year high of $29.16.

Alteryx (NYSE:AYX) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $34.16 million during the quarter, compared to analyst estimates of $32.06 million. During the same period last year, the firm posted ($0.07) EPS. Alteryx’s revenue for the quarter was up 52.1% compared to the same quarter last year. research analysts predict that Alteryx will post -0.33 earnings per share for the current year.

In related news, CFO Kevin Rubin sold 40,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $25.99, for a total value of $1,039,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Robert Scott Jones sold 1,470 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $25.94, for a total transaction of $38,131.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 201,470 shares of company stock valued at $5,209,132.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Nationwide Fund Advisors purchased a new position in Alteryx during the 2nd quarter worth approximately $100,000. Tower Research Capital LLC TRC purchased a new position in Alteryx during the 2nd quarter worth approximately $117,000. The Manufacturers Life Insurance Company raised its position in 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 during the last quarter. Bank of New York Mellon Corp raised its position in Alteryx by 28.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 34,354 shares of the company’s stock worth $699,000 after buying an additional 7,597 shares during the last quarter. Finally, New York State Common Retirement Fund purchased a new position in Alteryx during the 2nd quarter worth approximately $187,000. 28.29% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: “Alteryx Inc (AYX) Short Interest Up 29.8% in December” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of US & international copyright law. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2018/01/21/alteryx-inc-ayx-short-interest-up-29-8-in-december.html.

About Alteryx

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.

Receive News & Ratings for Alteryx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alteryx and related companies with MarketBeat.com's FREE daily email newsletter.