Alteryx, Inc. (NYSE:AYX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The firm currently has a $26.00 target price on the stock. Zacks Investment Research‘s price target indicates a potential upside of 14.19% from the stock’s current price.

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. “

AYX has been the subject of several other reports. Goldman Sachs Group, Inc. (The) began coverage on shares of Alteryx in a report on Tuesday, April 18th. They issued a “buy” rating and a $20.00 target price for the company. KeyCorp reaffirmed a “buy” rating and set a $22.00 target price on shares of Alteryx in a research report on Thursday, June 1st. J P Morgan Chase & Co began coverage on shares of Alteryx in a report on Tuesday, April 18th. They issued a “neutral” rating and a $18.00 price target on the stock. William Blair reissued an “outperform” rating and set a $17.00 price objective on shares of Alteryx in a report on Tuesday, April 18th. Finally, Raymond James Financial, Inc. initiated coverage on Alteryx in a research note on Tuesday, April 18th. They issued an “outperform” rating and a $20.00 price target for the company. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $20.89.

Alteryx (NYSE AYX) traded down 0.09% during midday trading on Tuesday, hitting $22.77. 302,158 shares of the stock traded hands. The company’s market cap is $1.33 billion. Alteryx has a one year low of $14.61 and a one year high of $23.25. The company’s 50-day moving average is $20.30 and its 200-day moving average is $18.49.

Alteryx (NYSE:AYX) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported ($0.09) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.05. The company had revenue of $30.30 million for the quarter, compared to the consensus estimate of $29.33 million. The company’s revenue for the quarter was up 52.3% on a year-over-year basis. Equities research analysts expect that Alteryx will post ($0.33) EPS for the current fiscal year.

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In other news, major shareholder Qualified Master Fund L. Abdiel purchased 50,000 shares of the business’s stock in a transaction dated Thursday, June 29th. The stock was acquired at an average price of $19.48 per share, for a total transaction of $974,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Qualified Master Fund L. Abdiel purchased 77,500 shares of the business’s stock in a transaction dated Friday, July 7th. The shares were purchased at an average price of $19.50 per share, with a total value of $1,511,250.00. The disclosure for this purchase can be found here. Insiders acquired a total of 486,740 shares of company stock worth $9,987,726 over the last 90 days.

Several hedge funds have recently made changes to their positions in the company. Kornitzer Capital Management Inc. KS bought a new stake in Alteryx during the first quarter valued at $3,500,000. Tygh Capital Management Inc. bought a new stake in Alteryx during the first quarter valued at $313,000. Ameriprise Financial Inc. bought a new stake in Alteryx during the first quarter valued at $438,000. JPMorgan Chase & Co. bought a new stake in Alteryx during the first quarter valued at $1,560,000. Finally, SG Americas Securities LLC bought a new stake in Alteryx during the first quarter valued at $129,000.

Alteryx Company Profile

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.

Analyst Recommendations for Alteryx (NYSE:AYX)

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