Alteryx (AYX) Coverage Initiated by Analysts at Wedbush

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Stock analysts at Wedbush initiated coverage on shares of Alteryx (NYSE:AYX) in a research note issued on Thursday, MarketBeat.com reports. The firm set an “outperform” rating and a $72.00 price target on the stock. Wedbush’s price objective suggests a potential upside of 21.23% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. Needham & Company LLC boosted their target price on Alteryx to $65.00 and gave the stock a “buy” rating in a report on Monday, September 24th. Citigroup set a $81.00 target price on Alteryx and gave the stock a “buy” rating in a report on Tuesday, September 18th. KeyCorp reissued a “buy” rating on shares of Alteryx in a report on Wednesday, August 8th. Bank of America boosted their target price on Alteryx from $54.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, November 9th. Finally, Zacks Investment Research raised Alteryx from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Friday, November 9th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $66.92.

AYX opened at $59.39 on Thursday. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 0.88. Alteryx has a twelve month low of $23.95 and a twelve month high of $67.40.

Alteryx (NYSE:AYX) last announced its earnings results on Wednesday, November 7th. The company reported $0.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.13. Alteryx had a negative return on equity of 7.06% and a negative net margin of 6.72%. The firm had revenue of $54.18 million for the quarter, compared to analysts’ expectations of $49.79 million. During the same quarter in the previous year, the company earned $0.02 earnings per share. The firm’s quarterly revenue was up 58.6% compared to the same quarter last year. As a group, research analysts expect that Alteryx will post -0.31 earnings per share for the current fiscal year.

In other Alteryx news, insider Robert Scott Jones sold 1,333 shares of Alteryx stock in a transaction that occurred on Friday, November 30th. The shares were sold at an average price of $58.16, for a total value of $77,527.28. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Dean Stoecker sold 40,000 shares of Alteryx stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $61.25, for a total transaction of $2,450,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 194,855 shares of company stock worth $9,551,233 and sold 218,167 shares worth $11,845,984. Insiders own 39.01% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. NumerixS Investment Technologies Inc acquired a new position in Alteryx in the second quarter worth approximately $130,000. Bessemer Group Inc. acquired a new position in Alteryx in the third quarter worth approximately $140,000. Truvestments Capital LLC acquired a new position in Alteryx in the third quarter worth approximately $169,000. Rehmann Capital Advisory Group grew its position in Alteryx by 5,621.0% in the third quarter. Rehmann Capital Advisory Group now owns 11,442 shares of the company’s stock worth $200,000 after buying an additional 11,242 shares during the last quarter. Finally, Ibex Investors LLC acquired a new position in Alteryx in the third quarter worth approximately $201,000. Hedge funds and other institutional investors own 54.01% of the company’s stock.

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. 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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Analyst Recommendations for Alteryx (NYSE:AYX)

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