Alteryx (NYSE:AYX) Sees Strong Trading Volume

Shares of Alteryx Inc (NYSE:AYX) saw strong trading volume on Friday . 1,138,441 shares were traded during mid-day trading, a decline of 4% from the previous session’s volume of 1,182,417 shares.The stock last traded at $109.12 and had previously closed at $107.53.

Several equities analysts have commented on the company. Guggenheim assumed coverage on Alteryx in a research report on Thursday. They issued a “buy” rating and a $107.53 price objective on the stock. Cowen upped their price objective on Alteryx from $112.00 to $137.00 and gave the company an “outperform” rating in a research report on Wednesday. Oppenheimer upped their price objective on Alteryx from $93.00 to $120.00 and gave the company an “outperform” rating in a research report on Monday, June 17th. KeyCorp upped their price objective on Alteryx from $100.00 to $123.00 and gave the company an “overweight” rating in a research report on Friday, June 14th. Finally, DA Davidson upped their price objective on Alteryx to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, June 12th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $102.97.

The stock has a market cap of $6.82 billion, a price-to-earnings ratio of -545.60, a PEG ratio of 46.21 and a beta of 1.07. The company has a fifty day simple moving average of $94.74. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.07.

Alteryx (NYSE:AYX) last issued its earnings results on Wednesday, May 1st. The company reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.14. Alteryx had a negative return on equity of 4.90% and a negative net margin of 2.84%. The business had revenue of $76.02 million during the quarter, compared to analysts’ expectations of $71.41 million. During the same period in the prior year, the business earned ($0.01) EPS. The business’s revenue for the quarter was up 51.0% compared to the same quarter last year. On average, research analysts expect that Alteryx Inc will post 0.17 EPS for the current year.

In other Alteryx news, CRO Robert Scott Jones sold 4,167 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $84.78, for a total value of $353,278.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kimberly Alexy sold 3,000 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $99.00, for a total value of $297,000.00. Following the completion of the sale, the director now owns 6,081 shares of the company’s stock, valued at $602,019. The disclosure for this sale can be found here. Insiders sold a total of 111,763 shares of company stock valued at $10,427,612 over the last quarter. Company insiders own 19.82% of the company’s stock.

Several hedge funds have recently modified their holdings of AYX. Rhumbline Advisers lifted its holdings in shares of Alteryx by 49.9% in the 4th quarter. Rhumbline Advisers now owns 38,795 shares of the company’s stock worth $2,307,000 after buying an additional 12,923 shares during the period. First Trust Advisors LP lifted its stake in shares of Alteryx by 138.5% during the 4th quarter. First Trust Advisors LP now owns 135,592 shares of the company’s stock worth $8,064,000 after purchasing an additional 78,743 shares during the last quarter. New York State Common Retirement Fund lifted its stake in shares of Alteryx by 728.2% during the 4th quarter. New York State Common Retirement Fund now owns 272,465 shares of the company’s stock worth $16,203,000 after purchasing an additional 239,565 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Alteryx by 7.9% during the 4th quarter. BlackRock Inc. now owns 2,439,511 shares of the company’s stock worth $145,077,000 after purchasing an additional 177,683 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Alteryx by 3.9% during the 4th quarter. Bank of New York Mellon Corp now owns 119,166 shares of the company’s stock worth $7,087,000 after purchasing an additional 4,426 shares during the last quarter. Institutional investors and hedge funds own 64.24% of the company’s stock.

Alteryx Company Profile (NYSE:AYX)

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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