Alteryx Inc (NYSE:AYX) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totalling 4,817,900 shares, a decline of 19.2% from the July 31st total of 5,965,200 shares. Based on an average daily volume of 1,350,000 shares, the short-interest ratio is presently 3.6 days. Approximately 9.8% of the company’s shares are sold short.
In other Alteryx news, CFO Kevin Rubin sold 13,000 shares of Alteryx stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $117.98, for a total transaction of $1,533,740.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Robert Scott Jones sold 1,599 shares of Alteryx stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $114.06, for a total transaction of $182,381.94. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 139,858 shares of company stock worth $18,159,646. Corporate insiders own 19.82% of the company’s stock.
Large investors have recently modified their holdings of the stock. Strs Ohio boosted its holdings in Alteryx by 141.9% in the second quarter. Strs Ohio now owns 1,693 shares of the company’s stock worth $184,000 after purchasing an additional 993 shares in the last quarter. Aperio Group LLC acquired a new position in Alteryx during the 2nd quarter worth $156,000. AE Wealth Management LLC acquired a new position in Alteryx during the 2nd quarter worth $218,000. Marshall Wace LLP acquired a new position in Alteryx during the 1st quarter worth $6,222,000. Finally, Swiss National Bank acquired a new position in Alteryx during the 2nd quarter worth $8,959,000. Hedge funds and other institutional investors own 70.18% of the company’s stock.
Alteryx (NYSE:AYX) last issued its quarterly earnings data on Wednesday, July 31st. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.09. The firm had revenue of $82.04 million during the quarter, compared to analysts’ expectations of $76.60 million. Alteryx had a negative net margin of 1.71% and a negative return on equity of 1.93%. Alteryx’s revenue for the quarter was up 59.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.09) earnings per share. On average, sell-side analysts predict that Alteryx will post 0.14 EPS for the current fiscal year.
AYX has been the topic of several research analyst reports. Guggenheim initiated coverage on shares of Alteryx in a report on Thursday, June 27th. They set a “buy” rating and a $107.53 price target on the stock. William Blair restated an “outperform” rating on shares of Alteryx in a report on Wednesday, July 31st. Rosenblatt Securities initiated coverage on shares of Alteryx in a report on Wednesday, August 21st. They set a “neutral” rating and a $137.00 price target on the stock. Oppenheimer boosted their price target on shares of Alteryx from $93.00 to $120.00 and gave the company an “outperform” rating in a report on Monday, June 17th. Finally, ValuEngine cut shares of Alteryx from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Alteryx presently has an average rating of “Buy” and an average target price of $120.16.
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.
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