According to Zacks, “Alteryx, Inc. provides self-service data analytics software platform. The Company’s product consists of Alteryx Designer, Alteryx Server and Alteryx Analytics Gallery. Alteryx Designer offer data preparation, blending and analytics which could be deployable in the cloud and on premise; Alteryx Server, a secure and scalable product for sharing and running analytic applications in a Web-based environment and Alteryx Analytics Gallery, a cloud-based collaboration offering which allows users to share workflows in a centralized repository. Alteryx, Inc. is headquartered in Irvine, California. “
Other research analysts also recently issued research reports about the company. Piper Sandler increased their target price on Alteryx from $160.00 to $195.00 and gave the company an “overweight” rating in a report on Wednesday. Goldman Sachs Group increased their price objective on shares of Alteryx from $164.00 to $216.00 in a research note on Monday, June 29th. Cowen cut their target price on shares of Alteryx from $145.00 to $135.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. Wedbush decreased their price target on shares of Alteryx from $146.00 to $138.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. Finally, Rosenblatt Securities reissued a “hold” rating and set a $115.00 price objective on shares of Alteryx in a research report on Tuesday, July 28th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company. Alteryx has an average rating of “Hold” and an average target price of $151.20.
Shares of NYSE:AYX opened at $175.49 on Friday. The company has a debt-to-equity ratio of 1.59, a current ratio of 4.11 and a quick ratio of 4.11. Alteryx has a 1 year low of $75.17 and a 1 year high of $185.75. The company has a market cap of $11.58 billion, a P/E ratio of 3,509.80 and a beta of 1.42. The stock’s fifty day moving average price is $164.46 and its 200-day moving average price is $134.62.
Alteryx (NYSE:AYX) last posted its earnings results on Wednesday, May 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.01). Alteryx had a net margin of 1.28% and a return on equity of 7.04%. The company had revenue of $108.80 million for the quarter, compared to the consensus estimate of $105.64 million. During the same quarter in the prior year, the company posted $0.04 EPS. Alteryx’s revenue was up 43.2% on a year-over-year basis. On average, sell-side analysts anticipate that Alteryx will post -0.12 earnings per share for the current year.
In other Alteryx news, insider Christopher M. Lal sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $144.34, for a total value of $433,020.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Dean Stoecker sold 30,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $123.10, for a total transaction of $3,693,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 158,583 shares of company stock valued at $23,499,932. Corporate insiders own 13.58% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Alteryx during the 1st quarter valued at approximately $27,387,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Alteryx by 23.1% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,259 shares of the company’s stock valued at $405,000 after purchasing an additional 800 shares during the last quarter. Swiss National Bank grew its stake in shares of Alteryx by 6.0% in the 1st quarter. Swiss National Bank now owns 100,500 shares of the company’s stock worth $9,565,000 after buying an additional 5,700 shares in the last quarter. AXA bought a new stake in shares of Alteryx in the 1st quarter worth about $2,998,000. Finally, IBM Retirement Fund purchased a new stake in shares of Alteryx during the 2nd quarter valued at about $202,000. Institutional investors and hedge funds own 73.54% of the company’s stock.
Alteryx Company Profile
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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