Bank of New York Mellon Corp lifted its holdings in shares of Alteryx Inc (NYSE:AYX) by 28.4% in the third quarter, HoldingsChannel reports. The fund owned 34,354 shares of the company’s stock after purchasing an additional 7,597 shares during the period. Bank of New York Mellon Corp’s holdings in Alteryx were worth $699,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in AYX. Nationwide Fund Advisors bought a new position in shares of Alteryx during the second quarter valued at approximately $100,000. Tower Research Capital LLC TRC bought a new position in shares of Alteryx during the second quarter valued at approximately $117,000. The Manufacturers Life Insurance Company raised its holdings in shares of Alteryx by 685.3% during the second quarter. The Manufacturers Life Insurance Company now owns 7,853 shares of the company’s stock valued at $154,000 after acquiring an additional 6,853 shares in the last quarter. New York State Common Retirement Fund bought a new position in shares of Alteryx during the second quarter valued at approximately $187,000. Finally, Rhumbline Advisers bought a new position in shares of Alteryx during the second quarter valued at approximately $195,000. Institutional investors own 28.29% of the company’s stock.
In other news, CEO Dean Stoecker sold 20,000 shares of the firm’s stock in a transaction on Friday, December 28th. The stock was sold at an average price of $25.87, for a total transaction of $517,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Christopher M. Lal sold 15,000 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $25.85, for a total value of $387,750.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 201,470 shares of company stock valued at $5,209,132.
Alteryx (NYSE:AYX) last posted its quarterly earnings data on Thursday, November 9th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.10. The business had revenue of $34.16 million during the quarter, compared to the consensus estimate of $32.06 million. Alteryx had a negative return on equity of 19.62% and a negative net margin of 18.68%. The firm’s quarterly revenue was up 52.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.07) earnings per share. equities analysts expect that Alteryx Inc will post -0.33 earnings per share for the current fiscal year.
A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Alteryx from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Tuesday, January 9th. KeyCorp reiterated a “buy” rating and issued a $24.00 price objective on shares of Alteryx in a report on Friday, September 22nd. Finally, Bank of America initiated coverage on Alteryx in a report on Monday, October 16th. They issued a “buy” rating and a $26.00 price objective for the company. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $22.50.
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Alteryx, Inc is a United States-based provider of self-service data analytics software. The Company offers various products, such as Alteryx Designer, Alteryx Server and Alteryx Analytics Gallery. Alteryx Designer is a repeatable workflow for self-service data analytics. Alteryx Designer allows data analysts by combining data preparation, data blending, and analytics-predictive, statistical and spatial-using the same user interface.
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