MetLife Investment Advisors LLC boosted its stake in Alteryx Inc (NYSE:AYX) by 55.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,159 shares of the company’s stock after purchasing an additional 7,166 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Alteryx were worth $1,153,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. Putnam Investments LLC grew its holdings in Alteryx by 154.7% in the third quarter. Putnam Investments LLC now owns 89,177 shares of the company’s stock worth $5,102,000 after purchasing an additional 54,158 shares during the period. Vista Equity Partners Management LLC acquired a new stake in Alteryx in the third quarter worth $6,564,000. Verition Fund Management LLC acquired a new stake in Alteryx in the third quarter worth $341,000. Envestnet Asset Management Inc. acquired a new stake in Alteryx in the third quarter worth $1,399,000. Finally, Jane Street Group LLC acquired a new stake in Alteryx in the third quarter worth $452,000. Institutional investors and hedge funds own 53.99% of the company’s stock.
In other Alteryx news, major shareholder Abdiel Capital Management, Llc acquired 90,000 shares of the company’s stock in a transaction on Tuesday, October 30th. The shares were purchased at an average cost of $47.40 per share, with a total value of $4,266,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Christopher M. Lal sold 795 shares of the firm’s stock in a transaction on Friday, December 14th. The shares were sold at an average price of $61.48, for a total transaction of $48,876.60. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 194,855 shares of company stock worth $9,551,233 and sold 167,001 shares worth $9,020,595. 39.01% of the stock is currently owned by company insiders.
A number of research firms have commented on AYX. JMP Securities raised their price target on shares of Alteryx from $52.00 to $64.00 and gave the stock an “outperform” rating in a report on Thursday, November 8th. Cowen raised their price target on shares of Alteryx from $64.00 to $76.00 and gave the stock an “outperform” rating in a report on Thursday, November 8th. Zacks Investment Research upgraded shares of Alteryx from a “sell” rating to a “hold” rating in a report on Monday, September 24th. Wedbush began coverage on shares of Alteryx in a report on Thursday, December 6th. They issued an “outperform” rating and a $72.00 price target for the company. Finally, DA Davidson set a $66.00 price target on shares of Alteryx and gave the stock a “hold” rating in a report on Thursday, November 8th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $66.92.
Alteryx stock opened at $65.98 on Wednesday. Alteryx Inc has a 1-year low of $24.46 and a 1-year high of $70.47. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of -212.84 and a beta of 0.97. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.64 and a current ratio of 2.64.
Alteryx (NYSE:AYX) last released its quarterly earnings data on Wednesday, November 7th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.13. Alteryx had a negative net margin of 6.72% and a negative return on equity of 7.06%. The firm had revenue of $54.18 million for the quarter, compared to analyst estimates of $49.79 million. During the same period last year, the firm earned $0.02 earnings per share. The business’s quarterly revenue was up 58.6% compared to the same quarter last year. Equities research analysts predict that Alteryx Inc will post -0.3 EPS for the current year.
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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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