Alteryx, Inc. (NYSE:AYX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.

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 a number of other reports. Cowen and Company reiterated an “outperform” rating and set a $23.00 price objective (up from $21.00) on shares of Alteryx in a research note on Thursday, August 3rd. KeyCorp reiterated an “overweight” rating and set a $24.00 price objective (up from $22.00) on shares of Alteryx in a research note on Monday, June 12th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Alteryx has an average rating of “Buy” and an average target price of $20.44.

Shares of Alteryx (NYSE:AYX) opened at 19.68 on Tuesday. Alteryx has a one year low of $14.61 and a one year high of $24.07. The stock’s market capitalization is $1.16 billion. The stock has a 50 day moving average of $21.88 and a 200-day moving average of $19.38.

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

TRADEMARK VIOLATION WARNING: “Zacks Investment Research Downgrades Alteryx, Inc. (AYX) to Hold” was reported by Daily Political and is owned by of Daily Political. If you are reading this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this article can be read at https://www.dailypolitical.com/2017/09/14/zacks-investment-research-downgrades-alteryx-inc-ayx-to-hold.html.

In related news, Chairman Dean Stoecker sold 600,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $20.24, for a total transaction of $12,144,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Reuters Corp /Can/ Thomson sold 2,000,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $20.24, for a total value of $40,480,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 826,344 shares of company stock valued at $17,226,339 and have sold 7,700,000 shares valued at $155,848,000.

Several large investors have recently made changes to their positions in the stock. Nationwide Fund Advisors bought a new position in shares of Alteryx during the 2nd quarter valued at approximately $100,000. Tower Research Capital LLC TRC bought a new position in shares of Alteryx during the 2nd quarter valued at approximately $117,000. The Manufacturers Life Insurance Company boosted its stake in Alteryx by 685.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,853 shares of the company’s stock worth $154,000 after purchasing an additional 6,853 shares during the period. SG Americas Securities LLC bought a new position in Alteryx in the 1st quarter worth approximately $129,000. Finally, New York State Common Retirement Fund bought a new position in Alteryx in the 2nd quarter worth approximately $187,000. Institutional investors own 94.38% of the company’s stock.

About Alteryx

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)

Receive News & Ratings for Alteryx Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alteryx Inc. and related companies with MarketBeat.com's FREE daily email newsletter.