Alteryx (NYSE:AYX) Price Target Cut to $95.00

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Alteryx (NYSE:AYX) had its price target decreased by equities researchers at DA Davidson from $123.00 to $95.00 in a research note issued on Friday, November 1st, The Fly reports. The brokerage presently has a “neutral” rating on the stock. DA Davidson’s price target points to a potential upside of 2.15% from the company’s previous close.

A number of other analysts have also weighed in on AYX. William Blair reaffirmed an “outperform” rating on shares of Alteryx in a report on Wednesday, July 31st. Needham & Company LLC upped their target price on shares of Alteryx from $120.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Bank of America upped their target price on shares of Alteryx from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Wedbush raised shares of Alteryx from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $123.00 to $135.00 in a report on Monday, October 7th. Finally, ValuEngine lowered shares of Alteryx from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $121.10.

Shares of AYX stock traded up $1.34 during trading on Friday, reaching $93.00. 1,171,008 shares of the company’s stock traded hands, compared to its average volume of 1,378,714. The company has a market capitalization of $5.87 billion, a P/E ratio of -465.00, a PEG ratio of 9.32 and a beta of 1.00. The company has a current ratio of 5.22, a quick ratio of 1.48 and a debt-to-equity ratio of 1.69. The firm’s 50-day moving average is $103.17 and its 200 day moving average is $109.02. Alteryx has a 1 year low of $47.07 and a 1 year high of $147.79.

Alteryx (NYSE:AYX) last posted its earnings results on Thursday, October 31st. The company reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.15. The business had revenue of $103.40 million for the quarter, compared to analyst estimates of $90.42 million. Alteryx had a negative net margin of 3.31% and a positive return on equity of 1.09%. Alteryx’s revenue was up 65.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.08 EPS. As a group, sell-side analysts predict that Alteryx will post 0.25 earnings per share for the current fiscal year.

In other news, CFO Kevin Rubin sold 13,000 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $129.77, for a total value of $1,687,010.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Eileen Schloss sold 4,000 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $95.29, for a total transaction of $381,160.00. The disclosure for this sale can be found here. Insiders sold a total of 166,940 shares of company stock worth $20,646,753 in the last three months. Insiders own 19.82% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Strs Ohio boosted its stake in shares of Alteryx by 141.9% in the 2nd quarter. Strs Ohio now owns 1,693 shares of the company’s stock valued at $184,000 after purchasing an additional 993 shares in the last quarter. River & Mercantile Asset Management LLP purchased a new stake in shares of Alteryx in the 2nd quarter valued at $413,000. Aperio Group LLC purchased a new stake in shares of Alteryx in the 2nd quarter valued at $156,000. AlpInvest Partners B.V. boosted its stake in shares of Alteryx by 76.9% in the 2nd quarter. AlpInvest Partners B.V. now owns 116,799 shares of the company’s stock valued at $12,745,000 after purchasing an additional 50,777 shares in the last quarter. Finally, AE Wealth Management LLC purchased a new stake in shares of Alteryx in the 2nd quarter valued at $218,000. 70.01% of the stock is owned by institutional investors.

Alteryx Company Profile

Alteryx, Inc operates a self-service data analytics software platform that enables organizations to enhance business outcomes and the productivity of their business analysts, data scientists, and citizen data scientists worldwide. Its software platform includes Alteryx Designer, a data profiling, preparation, blending, and analytics product used to create visual workflows or analytic processes; Alteryx Server, a 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; and Alteryx Promote, an analytics model management product for data scientists and analytics teams to build, manage, monitor, and deploy predictive models into real-time production applications.

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