Shares of Alteryx, Inc. (NYSE:AYX) traded up 8.6% during mid-day trading on Thursday . The company traded as high as $28.42 and last traded at $27.84. 1,171,900 shares changed hands during mid-day trading, an increase of 210% from the average session volume of 377,756 shares. The stock had previously closed at $25.63.
A number of analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Alteryx from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. KeyCorp reiterated a “buy” rating and issued a $24.00 price target on shares of Alteryx in a report on Friday, September 22nd. Finally, Bank of America assumed coverage on shares of Alteryx in a report on Monday, October 16th. They issued a “buy” rating and a $26.00 price target on the stock. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $21.70.
Alteryx (NYSE:AYX) last posted its earnings results on Thursday, November 9th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.10. Alteryx had a negative net margin of 18.68% and a negative return on equity of 19.62%. The firm had revenue of $34.16 million for the quarter, compared to the consensus estimate of $32.06 million. During the same period in the previous year, the firm posted ($0.07) EPS. The business’s quarterly revenue was up 52.1% on a year-over-year basis. equities research analysts expect that Alteryx, Inc. will post -0.33 EPS for the current fiscal year.
In other 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Langley P. Eide sold 25,000 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $25.81, for a total transaction of $645,250.00. Following the completion of the sale, the insider now owns 25,000 shares in the company, valued at $645,250. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 2,232,500 shares of company stock worth $47,001,900 and sold 7,781,470 shares worth $157,958,732.
Institutional investors have recently bought and sold shares of the company. Nationwide Fund Advisors bought a new stake in shares of Alteryx in the 2nd quarter worth about $100,000. Tower Research Capital LLC TRC purchased a new position in shares of Alteryx during the 2nd quarter worth about $117,000. The Manufacturers Life Insurance Company boosted its stake in shares of Alteryx by 685.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,853 shares of the company’s stock worth $154,000 after purchasing an additional 6,853 shares during the period. New York State Common Retirement Fund purchased a new position in shares of Alteryx during the 2nd quarter worth about $187,000. Finally, Invictus RG purchased a new position in shares of Alteryx during the 3rd quarter worth about $202,000. Hedge funds and other institutional investors own 28.29% of the company’s stock.
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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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