Paragon Advisors LLC acquired a new stake in shares of Alteryx Inc (NYSE:AYX) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 4,196 shares of the company’s stock, valued at approximately $689,000.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Truvestments Capital LLC acquired a new stake in shares of Alteryx in the first quarter worth $30,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Alteryx in the 1st quarter valued at $38,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Alteryx in the 1st quarter valued at $38,000. Signaturefd LLC boosted its stake in shares of Alteryx by 371.3% in the 1st quarter. Signaturefd LLC now owns 509 shares of the company’s stock valued at $48,000 after purchasing an additional 401 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd boosted its stake in shares of Alteryx by 159.0% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 531 shares of the company’s stock valued at $50,000 after purchasing an additional 326 shares in the last quarter. 73.68% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:AYX traded up $2.34 on Tuesday, hitting $174.01. 27,877 shares of the stock were exchanged, compared to its average volume of 1,458,655. The stock has a market capitalization of $11.67 billion, a price-to-earnings ratio of 3,500.70 and a beta of 1.42. Alteryx Inc has a 52 week low of $75.17 and a 52 week high of $179.39. The company has a debt-to-equity ratio of 1.59, a quick ratio of 4.11 and a current ratio of 4.11. The company’s 50-day moving average price is $150.33 and its 200 day moving average price is $126.55.
Alteryx (NYSE:AYX) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The company had revenue of $108.80 million during the quarter, compared to the consensus estimate of $105.64 million. Alteryx had a net margin of 1.28% and a return on equity of 7.04%. The business’s revenue was up 43.2% compared to the same quarter last year. During the same period last year, the company earned $0.04 earnings per share. As a group, equities research analysts predict that Alteryx Inc will post -0.13 earnings per share for the current year.
In other news, CRO Robert Scott Jones sold 1,139 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $164.35, for a total value of $187,194.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles Cory sold 2,095 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $142.44, for a total value of $298,411.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 154,925 shares of company stock valued at $19,584,760. 13.58% of the stock is currently owned by company insiders.
Several equities research analysts have recently commented on AYX shares. Piper Sandler upgraded shares of Alteryx from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $90.00 to $160.00 in a research note on Tuesday, May 19th. Oppenheimer reduced their target price on shares of Alteryx from $155.00 to $135.00 in a research note on Tuesday, March 24th. Citigroup cut their price target on Alteryx from $175.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Needham & Company LLC lifted their price target on Alteryx from $140.00 to $164.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Finally, Wedbush cut their price target on Alteryx from $146.00 to $138.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company. Alteryx presently has an average rating of “Buy” and an average price target of $142.00.
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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