Alteryx Inc (AYX) Short Interest Up 29.8% in December
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.
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.
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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