Alteryx, Inc. (AYX) Major Shareholder Buys $1,138,800.00 in Stock
Alteryx, Inc. (NYSE:AYX) major shareholder Qualified Master Fund L. Abdiel bought 60,000 shares of the stock in a transaction dated Friday, September 15th. The stock was bought at an average price of $18.98 per share, for a total transaction of $1,138,800.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Alteryx, Inc. (AYX) opened at 19.01 on Friday. The stock’s market cap is $1.12 billion. Alteryx, Inc. has a 12 month low of $14.61 and a 12 month high of $24.07. The firm’s 50-day moving average price is $21.66 and its 200-day moving average price is $19.37.
Alteryx (NYSE:AYX) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported ($0.09) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.05. The business had revenue of $30.30 million during the quarter, compared to analysts’ expectations of $29.33 million. The firm’s revenue was up 52.3% on a year-over-year basis. On average, analysts predict that Alteryx, Inc. will post ($0.33) earnings per share for the current year.
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A number of institutional investors and hedge funds have recently made changes to their positions in AYX. Nationwide Fund Advisors purchased a new stake in Alteryx in the 2nd quarter valued at approximately $100,000. Tower Research Capital LLC TRC purchased a new stake in Alteryx in the 2nd quarter valued at approximately $117,000. SG Americas Securities LLC purchased a new stake in Alteryx in the 1st quarter valued at approximately $129,000. The Manufacturers Life Insurance Company boosted its holdings in Alteryx by 685.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,853 shares of the company’s stock valued at $154,000 after purchasing an additional 6,853 shares in the last quarter. Finally, New York State Common Retirement Fund purchased a new stake in Alteryx in the 2nd quarter valued at approximately $187,000. 91.29% of the stock is currently owned by institutional investors.
A number of analysts have recently commented on AYX shares. KeyCorp restated a “buy” rating and issued a $22.00 target price on shares of Alteryx in a research note on Thursday, June 1st. Cowen and Company restated an “outperform” rating and issued a $23.00 target price (up previously from $21.00) on shares of Alteryx in a research note on Thursday, August 3rd. Finally, Zacks Investment Research upgraded Alteryx from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Tuesday, August 8th. One equities 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 price target of $20.44.
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.
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