KeyCorp Reiterates “Buy” Rating for Alteryx, Inc. (AYX)
Alteryx, Inc. (NYSE:AYX)‘s stock had its “buy” rating reiterated by analysts at KeyCorp in a report issued on Friday. They currently have a $24.00 price objective on the stock. KeyCorp’s price target would indicate a potential upside of 24.80% from the stock’s current price.
AYX has been the subject of several other reports. Zacks Investment Research raised Alteryx from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Tuesday, September 5th. Cowen and Company reissued an “outperform” rating and issued a $23.00 price target (up from $21.00) on shares of Alteryx in a research report on Thursday, August 3rd. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Alteryx has a consensus rating of “Buy” and an average price target of $20.44.
Shares of Alteryx (NYSE AYX) opened at 19.23 on Friday. The stock’s market capitalization is $1.13 billion. The stock has a 50 day moving average price of $21.66 and a 200-day moving average price of $19.37. Alteryx has a 1-year low of $14.61 and a 1-year high of $24.07.
Alteryx (NYSE:AYX) last released its quarterly earnings results on Wednesday, August 2nd. The company reported ($0.09) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.05. The company had revenue of $30.30 million during the quarter, compared to the consensus estimate of $29.33 million. Alteryx’s revenue for the quarter was up 52.3% on a year-over-year basis. On average, analysts forecast that Alteryx will post ($0.33) earnings per share for the current year.
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In other Alteryx news, major shareholder Qualified Master Fund L. Abdiel bought 60,000 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The shares were purchased at an average cost of $18.98 per share, for a total transaction of $1,138,800.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Qualified Master Fund L. Abdiel bought 163,072 shares of the company’s stock in a transaction that occurred on Tuesday, June 27th. The shares were acquired at an average price of $19.86 per share, for a total transaction of $3,238,609.92. The disclosure for this purchase can be found here. Over the last three months, insiders bought 2,886,344 shares of company stock valued at $60,785,139 and sold 7,700,000 shares valued at $155,848,000.
A number of hedge funds have recently made changes to their positions in AYX. Sapphire Ventures L.L.C. purchased a new position in Alteryx during the 1st quarter worth $96,785,000. ICONIQ Capital LLC purchased a new position in Alteryx during the 1st quarter worth $52,298,000. Abdiel Capital Advisors LP purchased a new position in Alteryx during the 2nd quarter worth $24,460,000. Vanguard Group Inc. grew its stake in Alteryx by 2,833.6% during the 2nd quarter. Vanguard Group Inc. now owns 586,718 shares of the company’s stock worth $11,453,000 after buying an additional 566,718 shares during the last quarter. Finally, FMR LLC purchased a new position in Alteryx during the 1st quarter worth $6,400,000. Hedge funds and other institutional investors own 91.29% of the company’s stock.
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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