BBT Capital Management LLC Acquires 20,500 Shares of Alteryx Inc (AYX)
BBT Capital Management LLC boosted its holdings in shares of Alteryx Inc (NYSE:AYX) by 59.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 55,000 shares of the company’s stock after acquiring an additional 20,500 shares during the quarter. BBT Capital Management LLC owned approximately 0.09% of Alteryx worth $2,099,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. raised its position in Alteryx by 3.2% during the first quarter. BlackRock Inc. now owns 1,371,877 shares of the company’s stock valued at $46,836,000 after acquiring an additional 42,373 shares in the last quarter. Tygh Capital Management Inc. acquired a new position in Alteryx during the first quarter valued at approximately $3,769,000. Bank of New York Mellon Corp grew its holdings in Alteryx by 112.0% during the fourth quarter. Bank of New York Mellon Corp now owns 72,841 shares of the company’s stock valued at $1,840,000 after purchasing an additional 38,487 shares during the last quarter. Geode Capital Management LLC grew its holdings in Alteryx by 53.7% during the fourth quarter. Geode Capital Management LLC now owns 203,201 shares of the company’s stock valued at $5,134,000 after purchasing an additional 70,971 shares during the last quarter. Finally, Two Sigma Advisers LP acquired a new position in Alteryx during the fourth quarter valued at approximately $751,000. 36.70% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have commented on the company. DA Davidson increased their price target on Alteryx to $52.00 and gave the company a “neutral” rating in a report on Thursday, August 9th. JMP Securities increased their price target on Alteryx from $45.00 to $52.00 and gave the company a “market outperform” rating in a report on Thursday, August 9th. Oppenheimer increased their price target on Alteryx from $48.00 to $56.00 and gave the company an “outperform” rating in a report on Thursday, August 9th. Citigroup increased their price target on Alteryx from $57.00 to $61.00 and gave the company a “buy” rating in a report on Thursday, August 9th. Finally, KeyCorp increased their price target on Alteryx from $53.00 to $61.00 and gave the company an “overweight” rating in a report on Thursday, August 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $46.10.
Alteryx (NYSE:AYX) last announced its quarterly earnings data on Wednesday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.01. The business had revenue of $46.80 million for the quarter, compared to the consensus estimate of $43.79 million. Alteryx had a negative net margin of 9.44% and a negative return on equity of 9.92%. Alteryx’s quarterly revenue was up 54.5% on a year-over-year basis. During the same quarter last year, the company posted ($0.09) earnings per share. research analysts expect that Alteryx Inc will post -0.43 EPS for the current year.
In other news, CRO Robert Scott Jones sold 4,167 shares of the firm’s stock in a transaction on Monday, July 30th. The shares were sold at an average price of $40.52, for a total value of $168,846.84. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Abdiel Capital Management, Llc acquired 140,000 shares of the stock in a transaction dated Wednesday, May 16th. The stock was bought at an average price of $32.04 per share, for a total transaction of $4,485,600.00. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 530,000 shares of company stock worth $18,281,800 and sold 341,780 shares worth $14,475,821. Company insiders own 39.01% of the company’s stock.
Alteryx, Inc operates a self-service data analytics software platform that enables organizations to enhance business outcomes and the productivity of their business analysts. Its software platform includes Alteryx Designer for data preparation, blending, and analytics that could be deployable in the cloud and on premise; Alteryx Server, a secure and scalable server-based product for scheduling, sharing, and running analytic processes and applications in a Web-based environment; Alteryx Connect, a collaborative data exploration platform for discovering information assets and sharing recommendations across the enterprise; Alteryx Promote, an analytics model management product for data scientists and analytics teams to build, manage, monitor, and deploy predictive models to production; and Alteryx Analytics Gallery, a cloud-based collaboration offering that allows users to share workflows in a centralized repository.
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