Rosenblatt Securities began coverage on shares of Alteryx (NYSE:AYX) in a research note published on Wednesday morning, BenzingaRatingsTable reports. The firm issued a neutral rating and a $137.00 target price on the stock.
Several other research firms also recently issued reports on AYX. Goldman Sachs Group assumed coverage on Alteryx in a report on Friday, June 7th. They issued a buy rating and a $111.00 price objective on the stock. Zacks Investment Research cut Alteryx from a strong-buy rating to a hold rating in a research note on Monday, August 5th. Oppenheimer boosted their target price on Alteryx from $93.00 to $120.00 and gave the stock an outperform rating in a research note on Monday, June 17th. Compass Point assumed coverage on Alteryx in a research note on Tuesday, August 13th. They set a buy rating and a $150.00 target price for the company. Finally, DA Davidson boosted their target price on Alteryx to $123.00 and gave the stock a neutral rating in a research note on Thursday, August 1st. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Alteryx currently has a consensus rating of Buy and a consensus target price of $120.16.
AYX stock opened at $139.03 on Wednesday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $8.96 billion, a PE ratio of -695.15, a P/E/G ratio of 56.67 and a beta of 1.24. Alteryx has a 12-month low of $42.23 and a 12-month high of $144.67. The business’s fifty day moving average price is $124.40 and its 200 day moving average price is $95.27.
In other news, insider Christopher M. Lal sold 5,840 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $141.90, for a total transaction of $828,696.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Scott Jones sold 1,599 shares of the company’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $86.03, for a total value of $137,561.97. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 182,006 shares of company stock valued at $20,945,223. Insiders own 19.82% of the company’s stock.
Several large investors have recently added to or reduced their stakes in AYX. ICONIQ Capital LLC boosted its position in shares of Alteryx by 324.6% during the 1st quarter. ICONIQ Capital LLC now owns 1,819,965 shares of the company’s stock worth $152,640,000 after acquiring an additional 1,391,365 shares in the last quarter. Whale Rock Capital Management LLC boosted its position in shares of Alteryx by 175.4% during the 2nd quarter. Whale Rock Capital Management LLC now owns 2,083,414 shares of the company’s stock worth $227,342,000 after acquiring an additional 1,326,900 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Alteryx by 30.6% during the 2nd quarter. Vanguard Group Inc. now owns 3,990,240 shares of the company’s stock worth $435,414,000 after acquiring an additional 935,331 shares in the last quarter. Brown Capital Management LLC boosted its position in shares of Alteryx by 15.2% during the 2nd quarter. Brown Capital Management LLC now owns 3,767,890 shares of the company’s stock worth $411,152,000 after acquiring an additional 498,223 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Alteryx by 162.9% during the 2nd quarter. Invesco Ltd. now owns 584,092 shares of the company’s stock worth $63,736,000 after acquiring an additional 361,959 shares in the last quarter. 66.52% of the stock is owned by institutional investors and hedge funds.
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: Quick Ratio
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