Alteryx (AYX) Shares Down 6.2% Following Insider Selling
Shares of Alteryx Inc (NYSE:AYX) were down 6.2% on Monday after an insider sold shares in the company. The company traded as low as $56.66 and last traded at $56.80. Approximately 1,310,725 shares traded hands during trading, an increase of 64% from the average daily volume of 797,897 shares. The stock had previously closed at $60.55.
Specifically, SVP Christopher M. Lal sold 5,000 shares of the firm’s stock in a transaction on Wednesday, June 20th. The shares were sold at an average price of $40.00, for a total value of $200,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Dean Stoecker sold 40,000 shares of the firm’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $61.25, for a total transaction of $2,450,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 3,468,986 shares of company stock worth $190,221,190. Insiders own 39.01% of the company’s stock.
AYX has been the subject of several research analyst reports. DA Davidson raised their target price on shares of Alteryx to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, August 9th. Citigroup raised their target price on shares of Alteryx from $57.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday, August 9th. Zacks Investment Research cut shares of Alteryx from a “hold” rating to a “sell” rating in a research report on Tuesday, August 14th. KeyCorp raised shares of Alteryx to an “overweight” rating in a research report on Friday, June 1st. Finally, JMP Securities raised their target price on shares of Alteryx from $37.00 to $45.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $46.70.
Alteryx (NYSE:AYX) last posted its earnings results on Wednesday, August 8th. The company reported ($0.09) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.01. Alteryx had a negative net margin of 9.44% and a negative return on equity of 9.44%. The firm had revenue of $46.80 million during the quarter, compared to analysts’ expectations of $43.79 million. During the same period last year, the company posted ($0.09) EPS. The company’s quarterly revenue was up 54.5% compared to the same quarter last year. analysts predict that Alteryx Inc will post -0.47 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. lifted its position in Alteryx by 47.8% during the 2nd quarter. BlackRock Inc. now owns 2,027,578 shares of the company’s stock valued at $77,373,000 after acquiring an additional 655,701 shares during the period. Whale Rock Capital Management LLC purchased a new position in Alteryx during the 1st quarter valued at about $40,538,000. Sandler Capital Management purchased a new position in Alteryx during the 2nd quarter valued at about $29,515,000. Tensile Capital Management LLC lifted its position in Alteryx by 103.7% during the 1st quarter. Tensile Capital Management LLC now owns 490,822 shares of the company’s stock valued at $16,757,000 after acquiring an additional 249,892 shares during the period. Finally, Engle Capital Management L.P. lifted its position in Alteryx by 62.2% during the 2nd quarter. Engle Capital Management L.P. now owns 360,000 shares of the company’s stock valued at $13,738,000 after acquiring an additional 138,000 shares during the period. 42.94% of the stock is owned by institutional investors.
Alteryx Company Profile (NYSE:AYX)
Alteryx, Inc operates a self-service data analytics software platform that enables organizations to enhance business outcomes and the productivity of their business analysts. Its software platform includes Alteryx Designer for data preparation, blending, and analytics that could be deployable in the cloud and on premise; Alteryx Server, a secure and scalable server-based product for scheduling, sharing, and running analytic processes and applications in a Web-based environment; Alteryx Connect, a collaborative data exploration platform for discovering information assets and sharing recommendations across the enterprise; Alteryx Promote, an analytics model management product for data scientists and analytics teams to build, manage, monitor, and deploy predictive models to production; and Alteryx Analytics Gallery, a cloud-based collaboration offering that allows users to share workflows in a centralized repository.
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