Alteryx (NYSE:AYX) Stock Rating Lowered by ValuEngine

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Alteryx (NYSE:AYX) was downgraded by investment analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report issued on Friday, ValuEngine reports.

A number of other research firms have also recently commented on AYX. Needham & Company LLC increased their price target on shares of Alteryx to $151.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Bank of America reiterated a “buy” rating and set a $160.00 price target on shares of Alteryx in a report on Friday, February 14th. Wedbush increased their price target on shares of Alteryx from $152.00 to $168.00 and gave the company an “outperform” rating in a report on Friday, February 14th. Piper Sandler increased their price target on shares of Alteryx from $144.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Finally, Rosenblatt Securities increased their price target on shares of Alteryx from $97.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. Alteryx currently has a consensus rating of “Buy” and a consensus price target of $140.03.

Shares of NYSE:AYX traded down $9.31 during trading on Friday, reaching $137.77. 2,850,268 shares of the stock traded hands, compared to its average volume of 1,624,872. The stock has a 50-day moving average of $133.49 and a two-hundred day moving average of $117.31. Alteryx has a 52-week low of $64.52 and a 52-week high of $160.11. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.22 and a current ratio of 5.22. The stock has a market cap of $9.97 billion, a P/E ratio of 362.56, a price-to-earnings-growth ratio of 8.52 and a beta of 0.90.

Alteryx (NYSE:AYX) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.43. Alteryx had a net margin of 6.49% and a return on equity of 12.54%. The firm had revenue of $156.45 million for the quarter, compared to analysts’ expectations of $131.00 million. Sell-side analysts expect that Alteryx will post 0.36 earnings per share for the current year.

In other Alteryx news, CFO Kevin Rubin sold 13,000 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $107.27, for a total value of $1,394,510.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CRO Robert Scott Jones sold 4,166 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $112.84, for a total transaction of $470,091.44. The disclosure for this sale can be found here. Insiders sold 391,162 shares of company stock worth $54,125,185 in the last 90 days. 19.82% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sowell Financial Services LLC raised its position in Alteryx by 590.6% in the fourth quarter. Sowell Financial Services LLC now owns 587 shares of the company’s stock worth $59,000 after acquiring an additional 502 shares during the period. Focused Wealth Management Inc bought a new stake in shares of Alteryx during the 3rd quarter valued at $64,000. Baldwin Brothers Inc. MA bought a new stake in shares of Alteryx during the 4th quarter valued at $60,000. Tower Research Capital LLC TRC bought a new stake in shares of Alteryx during the 3rd quarter valued at $70,000. Finally, IFP Advisors Inc raised its position in shares of Alteryx by 20.2% during the 4th quarter. IFP Advisors Inc now owns 726 shares of the company’s stock valued at $76,000 after purchasing an additional 122 shares during the period. Institutional investors and hedge funds own 70.35% of the company’s stock.

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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