Alteryx, Inc. (AYX) Given Overweight Rating at KeyCorp
KeyCorp reiterated their overweight rating on shares of Alteryx, Inc. (NYSE:AYX) in a research report sent to investors on Thursday. They currently have a $29.00 price objective on the stock, up from their prior price objective of $24.00.
“We are raising our price target to $29 from $24 rolling forward to a 2019 EV/Sales multiple of 7.0x (vs. peers valued at FTM EV/S of 7.0x).”,” the firm’s analyst commented.
A number of other equities analysts have also commented on the stock. Zacks Investment Research lowered shares of Alteryx from a buy rating to a hold rating in a research report on Tuesday, September 12th. Cowen and Company restated 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. Finally, Bank of America Corporation started coverage on shares of Alteryx in a research report on Monday, October 16th. They issued a buy rating and a $26.00 price target on the stock. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $21.70.
Alteryx (NYSE AYX) traded up $3.46 during trading hours on Thursday, reaching $25.30. 2,014,637 shares of the company’s stock were exchanged, compared to its average volume of 352,498. Alteryx has a 52-week low of $14.61 and a 52-week high of $26.89.
Alteryx (NYSE:AYX) last released its quarterly earnings results on Thursday, November 9th. The company reported $0.02 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.10. The firm had revenue of $34.16 million during the quarter, compared to analyst estimates of $32.06 million. Alteryx’s quarterly revenue was up 52.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.07) earnings per share. equities research analysts predict that Alteryx will post -0.47 EPS for the current year.
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In other Alteryx news, Director Jayendra Das sold 5,100,000 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $20.24, for a total value of $103,224,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Qualified Master Fund L. Abdiel bought 60,000 shares of the company’s stock in a transaction on Friday, September 15th. The stock was bought at an average cost of $18.98 per share, with a total value of $1,138,800.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 2,372,500 shares of company stock valued at $50,178,900 and sold 7,700,000 shares valued at $155,848,000.
Several hedge funds and other institutional investors have recently made changes to their positions in AYX. Nationwide Fund Advisors bought a new position in shares of Alteryx in the second quarter worth about $100,000. Tower Research Capital LLC TRC bought a new stake in shares of Alteryx during the second quarter worth approximately $117,000. SG Americas Securities LLC bought a new stake in shares of Alteryx during the first quarter worth approximately $129,000. The Manufacturers Life Insurance Company raised its stake in shares of Alteryx by 685.3% during the second quarter. The Manufacturers Life Insurance Company now owns 7,853 shares of the company’s stock worth $154,000 after buying an additional 6,853 shares during the last quarter. Finally, New York State Common Retirement Fund bought a new stake in shares of Alteryx during the second quarter worth approximately $187,000. 16.54% of the stock is owned by institutional investors.
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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