Alteryx (NYSE:AYX) had its price target lifted by research analysts at KeyCorp from $61.00 to $74.00 in a research note issued on Thursday, The Fly reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s target price would suggest a potential upside of 27.85% from the company’s current price.

Several other equities research analysts have also recently weighed in on AYX. DA Davidson increased their price target on Alteryx to $52.00 and gave the company a “neutral” rating in a research note on Thursday, August 9th. Needham & Company LLC increased their price target on Alteryx from $65.00 to $74.00 and gave the company a “buy” rating in a research note on Thursday. JMP Securities increased their price target on Alteryx from $45.00 to $52.00 and gave the company a “market outperform” rating in a research note on Thursday, August 9th. Zacks Investment Research cut Alteryx from a “hold” rating to a “sell” rating in a research note on Tuesday, August 14th. Finally, Oppenheimer increased their price target on Alteryx from $48.00 to $56.00 and gave the company an “outperform” rating in a research note on Thursday, August 9th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Alteryx currently has an average rating of “Buy” and an average price target of $66.45.

Shares of AYX stock traded down $0.41 on Thursday, hitting $57.88. The company had a trading volume of 936,512 shares, compared to its average volume of 1,147,495. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of -186.71 and a beta of 0.99. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 0.91. Alteryx has a twelve month low of $23.00 and a twelve month high of $67.40.

Alteryx (NYSE:AYX) last issued its quarterly earnings results on Wednesday, November 7th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.13. The company had revenue of $54.18 million during the quarter, compared to analysts’ expectations of $49.79 million. Alteryx had a negative return on equity of 7.38% and a negative net margin of 6.72%. The business’s quarterly revenue was up 58.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.02 earnings per share. Sell-side analysts forecast that Alteryx will post -0.47 earnings per share for the current year.

In other Alteryx news, insider Robert Scott Jones sold 4,166 shares of the firm’s stock in a transaction that occurred on Tuesday, October 30th. The stock was sold at an average price of $43.98, for a total value of $183,220.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Abdiel Capital Management, Llc acquired 75,000 shares of Alteryx stock in a transaction on Thursday, November 1st. The stock was purchased at an average cost of $53.54 per share, with a total value of $4,015,500.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 194,855 shares of company stock valued at $9,551,233 and have sold 3,390,485 shares valued at $187,381,390. Company insiders own 39.01% of the company’s stock.

A number of institutional investors have recently made changes to their positions in AYX. NumerixS Investment Technologies Inc acquired a new stake in Alteryx in the second quarter valued at approximately $130,000. Bessemer Group Inc. acquired a new stake in Alteryx in the third quarter valued at approximately $140,000. Truvestments Capital LLC acquired a new stake in Alteryx in the third quarter valued at approximately $169,000. State Treasurer State of Michigan acquired a new stake in Alteryx in the third quarter valued at approximately $203,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in Alteryx in the third quarter valued at approximately $235,000. 43.05% of the stock is owned by hedge funds and other institutional investors.

Alteryx Company Profile

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.

See Also: How is Preferred Stock Different from Common Stock?

The Fly

Analyst Recommendations for Alteryx (NYSE:AYX)

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.