Alteryx (NYSE:AYX) Now Covered by Analysts at Loop Capital

Loop Capital started coverage on shares of Alteryx (NYSE:AYX) in a report issued on Tuesday, Benzinga reports. The firm issued a hold rating and a $110.00 price target on the stock.

A number of other analysts have also weighed in on the stock. Oppenheimer restated a buy rating on shares of Alteryx in a research note on Friday, August 7th. TheStreet lowered shares of Alteryx from a c rating to a d+ rating in a research note on Thursday, August 20th. Zacks Investment Research lowered shares of Alteryx from a hold rating to a sell rating in a research note on Monday, August 31st. Guggenheim lowered shares of Alteryx from a buy rating to a neutral rating in a research note on Friday, August 7th. Finally, Piper Sandler reduced their price objective on shares of Alteryx from $195.00 to $185.00 and set an overweight rating for the company in a research note on Friday, August 7th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. Alteryx currently has an average rating of Hold and a consensus price target of $146.53.

Shares of Alteryx stock traded down $2.26 during trading on Tuesday, hitting $108.55. The company’s stock had a trading volume of 14,057 shares, compared to its average volume of 2,326,127. The company has a debt-to-equity ratio of 1.65, a quick ratio of 3.89 and a current ratio of 3.89. The company has a fifty day simple moving average of $127.77 and a two-hundred day simple moving average of $131.42. The company has a market capitalization of $7.02 billion, a PE ratio of -257.70, a P/E/G ratio of 26.74 and a beta of 1.07. Alteryx has a 52 week low of $75.17 and a 52 week high of $185.75.

Alteryx (NYSE:AYX) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.16. The company had revenue of $96.20 million during the quarter, compared to analyst estimates of $94.11 million. Alteryx had a negative net margin of 5.66% and a positive return on equity of 3.48%. Alteryx’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period last year, the business earned $0.01 EPS. As a group, analysts predict that Alteryx will post 0.13 EPS for the current year.

In related news, CRO Robert Scott Jones sold 1,598 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $177.00, for a total value of $282,846.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Christopher M. Lal sold 5,784 shares of the firm’s stock in a transaction that occurred on Wednesday, July 15th. The stock was sold at an average price of $162.19, for a total transaction of $938,106.96. The disclosure for this sale can be found here. In the last three months, insiders sold 109,488 shares of company stock worth $15,732,578. 13.58% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Alteryx by 5.2% during the second quarter. Vanguard Group Inc. now owns 4,574,283 shares of the company’s stock valued at $751,463,000 after purchasing an additional 227,471 shares in the last quarter. 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 in the last quarter. New York State Common Retirement Fund lifted its holdings in Alteryx by 0.6% during the second quarter. New York State Common Retirement Fund now owns 562,924 shares of the company’s stock valued at $92,477,000 after purchasing an additional 3,500 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Alteryx by 2.9% during the first quarter. Geode Capital Management LLC now owns 515,897 shares of the company’s stock valued at $49,097,000 after purchasing an additional 14,768 shares in the last quarter. Finally, Barclays PLC lifted its holdings in Alteryx by 14.0% during the second quarter. Barclays PLC now owns 425,135 shares of the company’s stock valued at $69,841,000 after purchasing an additional 52,048 shares in the last quarter. 75.37% of the stock is currently owned by institutional investors and hedge funds.

About Alteryx

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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Analyst Recommendations for Alteryx (NYSE:AYX)

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