According to Zacks, “Alteryx, Inc. provides self-service data analytics software platform. The Company’s product consists of Alteryx Designer, Alteryx Server and Alteryx Analytics Gallery. Alteryx Designer offer data preparation, blending and analytics which could be deployable in the cloud and on premise; Alteryx Server, a secure and scalable product for sharing and running analytic applications in a Web-based environment and Alteryx Analytics Gallery, a cloud-based collaboration offering which allows users to share workflows in a centralized repository. Alteryx, Inc. is headquartered in Irvine, California. “
Several other brokerages have also issued reports on AYX. Cowen dropped their price target on Alteryx from $145.00 to $135.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. Goldman Sachs Group increased their target price on shares of Alteryx from $164.00 to $216.00 in a research note on Monday, June 29th. JPMorgan Chase & Co. downgraded shares of Alteryx from a “neutral” rating to an “underweight” rating and set a $88.00 price target for the company. in a research note on Thursday, April 23rd. Citigroup cut their price objective on shares of Alteryx from $175.00 to $160.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Finally, Wedbush decreased their price objective on Alteryx from $146.00 to $138.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $151.20.
Alteryx (NYSE:AYX) last announced its earnings results on Wednesday, May 6th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). Alteryx had a return on equity of 7.04% and a net margin of 1.28%. The firm had revenue of $108.80 million for the quarter, compared to the consensus estimate of $105.64 million. During the same period in the prior year, the business earned $0.04 EPS. Alteryx’s quarterly revenue was up 43.2% on a year-over-year basis. As a group, research analysts expect that Alteryx will post -0.12 earnings per share for the current year.
In other Alteryx news, insider Christopher M. Lal sold 3,000 shares of Alteryx stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $144.34, for a total value of $433,020.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Dean Stoecker sold 30,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $123.10, for a total transaction of $3,693,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 158,583 shares of company stock worth $23,499,932. Insiders own 13.58% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. raised its stake in shares of Alteryx by 17.4% in the fourth quarter. Franklin Resources Inc. now owns 1,599,445 shares of the company’s stock valued at $160,057,000 after buying an additional 236,935 shares during the period. Invesco Ltd. lifted its holdings in Alteryx by 67.8% during the first quarter. Invesco Ltd. now owns 880,076 shares of the company’s stock valued at $83,757,000 after purchasing an additional 355,514 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Alteryx by 2.9% in the first quarter. Geode Capital Management LLC now owns 515,897 shares of the company’s stock worth $49,097,000 after purchasing an additional 14,768 shares in the last quarter. Norges Bank purchased a new position in shares of Alteryx in the fourth quarter worth about $50,681,000. Finally, Engle Capital Management L.P. raised its position in shares of Alteryx by 26.9% in the first quarter. Engle Capital Management L.P. now owns 349,000 shares of the company’s stock valued at $33,214,000 after purchasing an additional 74,000 shares during the period. 73.54% of the stock is owned by institutional investors and hedge funds.
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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