Insider Buying: Alteryx, Inc. (AYX) Major Shareholder Acquires $42,420,000.00 in Stock
Alteryx, Inc. (NYSE:AYX) major shareholder Qualified Master Fund L. Abdiel purchased 2,000,000 shares of Alteryx stock in a transaction dated Thursday, September 14th. The stock was acquired at an average price of $21.21 per share, with a total value of $42,420,000.00. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Alteryx, Inc. (NYSE:AYX) opened at 18.79 on Friday. The company’s market cap is $1.10 billion. Alteryx, Inc. has a 1-year low of $14.61 and a 1-year high of $24.07. The company’s 50 day moving average is $21.70 and its 200 day moving average is $19.37.
Alteryx (NYSE:AYX) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.05. The firm had revenue of $30.30 million during the quarter, compared to analysts’ expectations of $29.33 million. The company’s quarterly revenue was up 52.3% compared to the same quarter last year. Equities research analysts forecast that Alteryx, Inc. will post ($0.33) EPS for the current year.
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A number of institutional investors have recently modified their holdings of AYX. Ameriprise Financial Inc. purchased a new position in Alteryx in the first quarter worth approximately $438,000. JPMorgan Chase & Co. purchased a new position in Alteryx in the first quarter worth approximately $1,560,000. SG Americas Securities LLC purchased a new position in Alteryx in the first quarter worth approximately $129,000. K2 Principal Fund L.P. purchased a new position in Alteryx in the first quarter worth approximately $1,329,000. Finally, Principal Financial Group Inc. purchased a new position in Alteryx in the first quarter worth approximately $2,385,000. Institutional investors own 94.38% of the company’s stock.
Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Alteryx from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Tuesday, September 5th. Cowen and Company restated an “outperform” rating and issued a $23.00 price target (up previously from $21.00) on shares of Alteryx in a report on Thursday, August 3rd. Finally, KeyCorp reiterated an “overweight” rating and set a $24.00 price objective (up previously from $22.00) on shares of Alteryx in a research note on Monday, June 12th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $20.44.
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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