Alteryx (NYSE:AYX) had its price target lifted by Piper Sandler from $160.00 to $195.00 in a research note issued to investors on Wednesday, Benzinga reports. They currently have an overweight rating on the stock. Piper Sandler also issued estimates for Alteryx’s Q2 2020 earnings at ($0.26) EPS, Q3 2020 earnings at ($0.08) EPS, Q4 2020 earnings at $0.36 EPS, FY2020 earnings at ($0.25) EPS, Q1 2021 earnings at ($0.19) EPS, Q2 2021 earnings at ($0.17) EPS, Q3 2021 earnings at $0.00 EPS, Q4 2021 earnings at $0.65 EPS and FY2021 earnings at $0.30 EPS.
AYX has been the subject of several other research reports. Citigroup dropped their price target on shares of Alteryx from $175.00 to $160.00 and set a buy rating for the company in a research note on Wednesday, April 29th. Wedbush dropped their price target on shares of Alteryx from $146.00 to $138.00 and set an outperform rating for the company in a research note on Thursday, May 7th. Goldman Sachs Group boosted their price target on shares of Alteryx from $164.00 to $216.00 in a research note on Monday, June 29th. Cowen dropped their price target on shares of Alteryx from $145.00 to $135.00 and set an outperform rating for the company in a research note on Thursday, May 7th. Finally, DA Davidson lowered their target price on shares of Alteryx from $145.00 to $110.00 and set a neutral rating for the company in a research note on Thursday, May 7th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. Alteryx has a consensus rating of Hold and a consensus price target of $151.20.
Shares of NYSE AYX opened at $175.49 on Wednesday. The firm has a market cap of $11.58 billion, a price-to-earnings ratio of 3,509.80 and a beta of 1.42. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 1.59. Alteryx has a 52-week low of $75.17 and a 52-week high of $185.75. The business’s 50 day moving average is $164.46 and its two-hundred day moving average is $134.62.
Alteryx (NYSE:AYX) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.01). The business had revenue of $108.80 million during the quarter, compared to analyst estimates of $105.64 million. Alteryx had a return on equity of 7.04% and a net margin of 1.28%. The business’s revenue was up 43.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.04 EPS. Analysts anticipate that Alteryx will post -0.12 EPS for the current fiscal year.
In other news, CRO Robert Scott Jones sold 1,599 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $112.05, for a total value of $179,167.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher M. Lal sold 3,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $144.34, for a total transaction of $433,020.00. The disclosure for this sale can be found here. Insiders sold 158,583 shares of company stock valued at $23,499,932 in the last 90 days. 13.58% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in the company. National Asset Management Inc. purchased a new stake in shares of Alteryx in the second quarter valued at about $317,000. Comerica Bank purchased a new stake in shares of Alteryx in the second quarter valued at about $326,000. Chicago Partners Investment Group LLC raised its holdings in shares of Alteryx by 34.0% in the second quarter. Chicago Partners Investment Group LLC now owns 6,976 shares of the company’s stock valued at $1,163,000 after buying an additional 1,770 shares during the last quarter. Core Wealth Advisors Inc. raised its holdings in shares of Alteryx by 63.0% in the second quarter. Core Wealth Advisors Inc. now owns 326 shares of the company’s stock valued at $54,000 after buying an additional 126 shares during the last quarter. Finally, Kovack Advisors Inc. raised its holdings in shares of Alteryx by 52.7% in the second quarter. Kovack Advisors Inc. now owns 3,450 shares of the company’s stock valued at $567,000 after buying an additional 1,190 shares during the last quarter. 73.54% 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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