Rosenblatt Securities Raises Alteryx (NYSE:AYX) Price Target to $145.00
Alteryx (NYSE:AYX) had its target price upped by analysts at Rosenblatt Securities from $97.00 to $145.00 in a report issued on Friday, BenzingaRatingsTable reports. The firm presently has a “neutral” rating on the stock. Rosenblatt Securities’ target price would indicate a potential upside of 0.49% from the stock’s current price.
A number of other analysts have also recently weighed in on the stock. Wedbush upped their price target on shares of Alteryx from $152.00 to $168.00 and gave the stock an “outperform” rating in a research report on Friday. Needham & Company LLC upped their price target on shares of Alteryx from $140.00 to $151.00 and gave the stock a “buy” rating in a research report on Tuesday. Piper Jaffray Companies initiated coverage on shares of Alteryx in a research report on Monday, November 25th. They set a “neutral” rating and a $112.00 price target for the company. They noted that the move was a valuation call. ValuEngine cut shares of Alteryx from a “hold” rating to a “sell” rating in a research report on Tuesday, February 4th. Finally, JMP Securities upped their price target on shares of Alteryx to $162.00 and gave the stock an “outperform” rating in a research report on Friday. One analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $134.33.
Shares of Alteryx stock opened at $144.30 on Friday. The company has a fifty day moving average price of $125.29 and a 200 day moving average price of $116.11. The company has a current ratio of 5.22, a quick ratio of 5.22 and a debt-to-equity ratio of 1.69. Alteryx has a twelve month low of $64.52 and a twelve month high of $147.95. The stock has a market cap of $9.30 billion, a price-to-earnings ratio of -801.62, a price-to-earnings-growth ratio of 8.60 and a beta of 0.90.
In other Alteryx news, CRO Robert Scott Jones sold 1,599 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $108.10, for a total value of $172,851.90. Also, insider Christopher M. Lal sold 1,460 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $100.00, for a total transaction of $146,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 130,515 shares of company stock valued at $14,316,177. 19.82% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of AYX. BlackRock Inc. raised its stake in shares of Alteryx by 4.4% in the 2nd quarter. BlackRock Inc. now owns 2,740,597 shares of the company’s stock valued at $299,053,000 after purchasing an additional 116,402 shares in the last quarter. Valeo Financial Advisors LLC acquired a new stake in shares of Alteryx in the 3rd quarter valued at about $54,000. Capital Investment Advisory Services LLC acquired a new stake in shares of Alteryx in the 3rd quarter valued at about $35,000. Envestnet Asset Management Inc. raised its stake in shares of Alteryx by 12.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 14,158 shares of the company’s stock valued at $1,521,000 after purchasing an additional 1,572 shares in the last quarter. Finally, NEXT Financial Group Inc acquired a new stake in shares of Alteryx in the 3rd quarter valued at about $137,000. Institutional investors and hedge funds own 70.35% of the company’s stock.
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, data scientists, and citizen data scientists worldwide. Its software platform includes Alteryx Designer, a data profiling, preparation, blending, and analytics product used to create visual workflows or analytic processes; Alteryx Server, a 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; and Alteryx Promote, an analytics model management product for data scientists and analytics teams to build, manage, monitor, and deploy predictive models into real-time production applications.
Further Reading: Diversification
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