Fred Alger Management LLC Reduces Position in Alteryx Inc (NYSE:AYX)

Fred Alger Management LLC lessened its position in shares of Alteryx Inc (NYSE:AYX) by 45.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 513,750 shares of the company’s stock after selling 426,686 shares during the quarter. Fred Alger Management LLC owned about 0.78% of Alteryx worth $48,894,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Truvestments Capital LLC acquired a new stake in shares of Alteryx in the 1st quarter valued at approximately $30,000. Patriot Financial Group Insurance Agency LLC acquired a new position in Alteryx during the first quarter worth $38,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Alteryx during the first quarter worth $38,000. Signaturefd LLC increased its position in Alteryx by 371.3% during the first quarter. Signaturefd LLC now owns 509 shares of the company’s stock worth $48,000 after buying an additional 401 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd increased its position in Alteryx by 159.0% during the first quarter. Harvest Fund Management Co. Ltd now owns 531 shares of the company’s stock worth $50,000 after buying an additional 326 shares in the last quarter. Hedge funds and other institutional investors own 73.68% of the company’s stock.

Several equities analysts have weighed in on AYX shares. Zacks Investment Research downgraded Alteryx from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Citigroup dropped their price target on Alteryx from $175.00 to $160.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. ValuEngine raised Alteryx from a “strong sell” rating to a “sell” rating in a research report on Friday, February 28th. JPMorgan Chase & Co. downgraded Alteryx from a “neutral” rating to an “underweight” rating and set a $88.00 price objective for the company. in a research report on Thursday, April 23rd. Finally, Rosenblatt Securities reaffirmed a “hold” rating and issued a $115.00 price objective (down previously from $145.00) on shares of Alteryx in a research report on Friday, May 1st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $135.22.

In other Alteryx news, Director Timothy I. Maudlin sold 10,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $142.31, for a total transaction of $1,423,100.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Christopher M. Lal sold 5,840 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $142.21, for a total value of $830,506.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 160,689 shares of company stock valued at $20,026,744. 13.58% of the stock is owned by company insiders.

AYX stock traded down $6.16 during trading on Wednesday, reaching $157.35. 546,746 shares of the stock traded hands, compared to its average volume of 1,554,970. The business’s 50 day moving average price is $139.19 and its 200-day moving average price is $122.41. Alteryx Inc has a 52-week low of $75.17 and a 52-week high of $168.56. The company has a debt-to-equity ratio of 1.59, a current ratio of 4.11 and a quick ratio of 4.11. The firm has a market capitalization of $10.57 billion, a PE ratio of 3,204.60 and a beta of 1.41.

Alteryx (NYSE:AYX) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ 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 firm had revenue of $108.80 million for the quarter, compared to analysts’ expectations of $105.64 million. During the same period last year, the firm posted $0.04 EPS. Alteryx’s revenue was up 43.2% on a year-over-year basis. On average, equities research analysts predict that Alteryx Inc will post -0.13 earnings per share for the current year.

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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Institutional Ownership by Quarter for Alteryx (NYSE:AYX)

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