Alteryx, Inc. (NYSE:AYX) Receives Average Recommendation of “Hold” from Brokerages

Alteryx, Inc. (NYSE:AYX) has received a consensus rating of “Hold” from the fourteen ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $47.75.

A number of brokerages have recently issued reports on AYX. Rosenblatt Securities reissued a “neutral” rating and issued a $48.25 target price on shares of Alteryx in a report on Friday, February 9th. Piper Sandler reiterated a “neutral” rating and set a $48.25 price objective on shares of Alteryx in a research note on Wednesday, February 7th. Finally, JMP Securities restated a “market outperform” rating and issued a $60.00 target price on shares of Alteryx in a research note on Monday, February 5th.

Alteryx Trading Up 0.0 %

Shares of Alteryx stock opened at $48.26 on Friday. The company’s fifty day moving average price is $48.14 and its two-hundred day moving average price is $43.83. The firm has a market capitalization of $3.49 billion, a PE ratio of -18.56 and a beta of 0.49. Alteryx has a 52-week low of $27.92 and a 52-week high of $59.65. The company has a debt-to-equity ratio of 4.42, a current ratio of 1.45 and a quick ratio of 1.45.

Alteryx (NYSE:AYX) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.67. The firm had revenue of $351.00 million during the quarter, compared to analyst estimates of $337.67 million. Alteryx had a negative net margin of 18.46% and a negative return on equity of 118.87%. On average, analysts expect that Alteryx will post -1.22 EPS for the current year.

Insider Transactions at Alteryx

In related news, Director Dean Stoecker purchased 35,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was acquired at an average price of $47.46 per share, with a total value of $1,661,100.00. Following the completion of the acquisition, the director now directly owns 60,000 shares in the company, valued at approximately $2,847,600. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Dean Stoecker purchased 35,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were acquired at an average price of $47.46 per share, with a total value of $1,661,100.00. Following the completion of the purchase, the director now directly owns 60,000 shares of the company’s stock, valued at approximately $2,847,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christopher M. Lal acquired 9,156 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was purchased at an average price of $48.16 per share, with a total value of $440,952.96. Following the completion of the transaction, the insider now owns 118,001 shares of the company’s stock, valued at $5,682,928.16. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 86,656 shares of company stock worth $4,137,803. Corporate insiders own 13.56% of the company’s stock.

Hedge Funds Weigh In On Alteryx

Several large investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. lifted its stake in shares of Alteryx by 7.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 4,636 shares of the company’s stock valued at $332,000 after purchasing an additional 307 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in Alteryx by 13.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 26,769 shares of the company’s stock valued at $1,915,000 after buying an additional 3,212 shares during the period. Roundview Capital LLC bought a new position in Alteryx during the first quarter worth about $236,000. PNC Financial Services Group Inc. grew its position in shares of Alteryx by 14.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,583 shares of the company’s stock worth $114,000 after buying an additional 205 shares during the period. Finally, MetLife Investment Management LLC bought a new stake in shares of Alteryx in the 1st quarter valued at about $272,000. 72.37% of the stock is currently owned by institutional investors and hedge funds.

About Alteryx

Alteryx, Inc, together with its subsidiaries, operates in the analytics automation business in the United States and internationally. The company's analytics platform automates tasks for workers across the analytics value chain. Its analytics platform comprises Alteryx Designer, a data profiling, preparation, blending, and analytics product; Alteryx Server, a server-based product for scheduling, sharing, and running analytic processes and applications in a web-based environment; Alteryx Intelligence Suite, a solution that provides automated modeling, optical character recognition, and natural language processing; and Alteryx Connect, a collaborative data exploration platform.