Alteryx (AYX) Trading 8.6% Higher

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.

TRADEMARK VIOLATION WARNING: This news story was first posted by Stock Observer and is the property of of Stock Observer. If you are viewing this news story on another site, it was copied illegally and reposted in violation of international copyright & trademark law. The correct version of this news story can be read at https://www.thestockobserver.com/2017/12/07/alteryx-ayx-trading-8-6-higher.html.

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.

Receive News & Ratings for Alteryx Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alteryx Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply