Several other analysts have also recently issued reports on the company. Needham & Company LLC upped their target price on Alteryx from $43.00 to $51.00 and gave the company a buy rating in a report on Monday, August 6th. KeyCorp upped their target price on Alteryx from $61.00 to $74.00 and gave the company an overweight rating in a report on Thursday. Zacks Investment Research cut Alteryx from a hold rating to a sell rating in a report on Tuesday, August 14th. Citigroup set a $81.00 target price on Alteryx and gave the company a buy rating in a report on Tuesday, September 18th. Finally, DA Davidson upped their target price on Alteryx to $52.00 and gave the company a neutral rating in a report on Thursday, August 9th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $66.45.
Shares of AYX traded down $0.41 during trading hours on Thursday, hitting $57.88. 936,512 shares of the stock were exchanged, compared to its average volume of 1,147,495. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.71 and a current ratio of 2.71. Alteryx has a 12-month low of $23.00 and a 12-month high of $67.40. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of -186.71 and a beta of 0.99.
In other news, major shareholder Insight Venture Partners Viii, sold 595,500 shares of the stock in a transaction on Monday, August 13th. The stock was sold at an average price of $55.62, for a total transaction of $33,121,710.00. Following the completion of the transaction, the insider now directly owns 930,005 shares in the company, valued at approximately $51,726,878.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Langley P. Eide sold 37,003 shares of the stock in a transaction on Monday, August 13th. The stock was sold at an average price of $55.36, for a total value of $2,048,486.08. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 194,855 shares of company stock valued at $9,551,233 and sold 3,390,485 shares valued at $187,381,390. 39.01% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board purchased a new position in shares of Alteryx during the 3rd quarter worth $873,000. Prescott Group Capital Management L.L.C. purchased a new position in shares of Alteryx during the 3rd quarter worth $1,716,000. FMR LLC grew its holdings in shares of Alteryx by 1,950.6% during the 3rd quarter. FMR LLC now owns 369,100 shares of the company’s stock worth $21,116,000 after purchasing an additional 351,100 shares during the period. American International Group Inc. grew its holdings in shares of Alteryx by 6.4% during the 3rd quarter. American International Group Inc. now owns 19,406 shares of the company’s stock worth $1,110,000 after purchasing an additional 1,172 shares during the period. Finally, BlackRock Inc. grew its holdings in shares of Alteryx by 11.6% during the 3rd quarter. BlackRock Inc. now owns 2,261,828 shares of the company’s stock worth $129,399,000 after purchasing an additional 234,250 shares during the period. Institutional investors and hedge funds own 43.05% of the company’s stock.
Alteryx, Inc operates a self-service data analytics software platform that enables organizations to enhance business outcomes and the productivity of their business analysts. Its software platform includes Alteryx Designer for data preparation, blending, and analytics that could be deployable in the cloud and on premise; Alteryx Server, a secure and scalable 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; Alteryx Promote, an analytics model management product for data scientists and analytics teams to build, manage, monitor, and deploy predictive models to production; and Alteryx Analytics Gallery, a cloud-based collaboration offering that allows users to share workflows in a centralized repository.
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