Alteryx (NYSE:AYX) had its price target raised by Goldman Sachs Group from $164.00 to $216.00 in a note issued to investors on Monday, The Fly reports. Goldman Sachs Group’s price objective indicates a potential upside of 31.48% from the stock’s current price.
Other analysts have also recently issued research reports about the stock. Wedbush cut their price target on shares of Alteryx from $146.00 to $138.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Needham & Company LLC lifted their price target on shares of Alteryx from $140.00 to $164.00 and gave the company a “buy” rating in a report on Friday, May 22nd. JPMorgan Chase & Co. cut shares of Alteryx from a “neutral” rating to an “underweight” rating and set a $88.00 price target on the stock. in a report on Thursday, April 23rd. Oppenheimer cut their price target on shares of Alteryx from $155.00 to $135.00 in a report on Tuesday, March 24th. Finally, Zacks Investment Research cut shares of Alteryx from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. Alteryx presently has a consensus rating of “Buy” and a consensus price target of $142.00.
Shares of Alteryx stock opened at $164.28 on Monday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 4.11 and a current ratio of 4.11. Alteryx has a 52-week low of $75.17 and a 52-week high of $168.56. The stock has a market capitalization of $10.63 billion, a price-to-earnings ratio of 3,285.60 and a beta of 1.41. The company’s 50 day moving average price is $144.87 and its 200-day moving average price is $124.26.
Alteryx (NYSE:AYX) last issued its earnings results on Wednesday, May 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.01). The firm had revenue of $108.80 million during the quarter, compared to the consensus estimate of $105.64 million. Alteryx had a return on equity of 7.04% and a net margin of 1.28%. The firm’s revenue for the quarter was up 43.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.04 EPS. As a group, equities research analysts forecast that Alteryx will post -0.13 earnings per share for the current fiscal year.
In other news, Director Charles Cory sold 2,095 shares of Alteryx stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $142.44, for a total value of $298,411.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher M. Lal sold 5,840 shares of Alteryx stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $142.21, for a total value of $830,506.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 155,384 shares of company stock valued at $19,535,856. 13.58% of the stock is owned by insiders.
Large investors have recently modified their holdings of the business. Sunbelt Securities Inc. purchased a new position in Alteryx in the 4th quarter worth about $2,126,000. Truvestments Capital LLC purchased a new position in Alteryx in the 1st quarter worth about $30,000. Patriot Financial Group Insurance Agency LLC purchased a new position in Alteryx in the 1st quarter worth about $38,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Alteryx in the 1st quarter worth about $38,000. Finally, Signaturefd LLC raised its position in Alteryx by 371.3% in the 1st quarter. Signaturefd LLC now owns 509 shares of the company’s stock worth $48,000 after buying an additional 401 shares during the last quarter. 73.68% of the stock is owned by institutional investors and hedge funds.
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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