Alteryx (NYSE:AYX) Now Covered by Analysts at Goldman Sachs Group

Stock analysts at Goldman Sachs Group started coverage on shares of Alteryx (NYSE:AYX) in a research report issued to clients and investors on Friday, June 7th, Marketbeat Ratings reports. The firm set a “buy” rating and a $111.00 price target on the stock. Goldman Sachs Group’s target price indicates a potential upside of 2.38% from the company’s current price.

Several other analysts have also recently weighed in on AYX. Bank of America restated a “buy” rating and set a $105.00 price objective (up previously from $90.00) on shares of Alteryx in a research report on Thursday, May 2nd. Needham & Company LLC lifted their target price on shares of Alteryx to $108.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Wedbush lifted their target price on shares of Alteryx from $76.00 to $93.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. JMP Securities lifted their target price on shares of Alteryx from $84.00 to $96.00 and gave the stock a “market outperform” rating in a research report on Thursday, May 2nd. Finally, Zacks Investment Research cut shares of Alteryx from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $102.97.

Shares of Alteryx stock traded down $0.70 on Friday, reaching $108.42. 1,051,000 shares of the company traded hands, compared to its average volume of 1,181,375. The business has a 50 day moving average of $94.74. The stock has a market cap of $6.83 billion, a price-to-earnings ratio of -542.10, a PEG ratio of 46.21 and a beta of 1.24. Alteryx has a 52 week low of $37.26 and a 52 week high of $111.89. 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 released its quarterly earnings data on Wednesday, May 1st. The company reported ($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.14. The company had revenue of $76.02 million during the quarter, compared to the consensus estimate of $71.41 million. Alteryx had a negative net margin of 2.84% and a negative return on equity of 4.90%. Alteryx’s revenue for the quarter was up 51.0% on a year-over-year basis. During the same period last year, the firm earned ($0.01) EPS. Equities research analysts predict that Alteryx will post 0.17 EPS for the current year.

In other Alteryx news, CFO Kevin Rubin sold 13,000 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $99.46, for a total transaction of $1,292,980.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Scott Jones sold 1,599 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $82.23, for a total transaction of $131,485.77. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 107,596 shares of company stock valued at $10,074,334. 19.82% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the stock. ICONIQ Capital LLC boosted its holdings in shares of Alteryx by 324.6% in the 1st quarter. ICONIQ Capital LLC now owns 1,819,965 shares of the company’s stock valued at $152,640,000 after buying an additional 1,391,365 shares in the last quarter. 1832 Asset Management L.P. purchased a new stake in Alteryx during the fourth quarter worth about $18,923,000. OppenheimerFunds Inc. purchased a new stake in shares of Alteryx during the first quarter worth approximately $21,279,000. New York State Common Retirement Fund boosted its holdings in Alteryx by 728.2% in the fourth quarter. New York State Common Retirement Fund now owns 272,465 shares of the company’s stock valued at $16,203,000 after purchasing an additional 239,565 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Alteryx by 122.0% in the fourth quarter. Bank of America Corp DE now owns 432,306 shares of the company’s stock valued at $25,709,000 after acquiring an additional 237,603 shares during the period. 64.24% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for Alteryx (NYSE:AYX)

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