Insight Venture Partners Viii, L.P.
recently revealed that they own a 33.4% stake in Alteryx Inc (NYSE:AYX) in a Schedule 13D/A disclosure that was filed with the Securities and Exchange Commission on Tuesday, March 13th. The investor owns 13,545,545 shares of the stock worth about $516,491,631. The reporting parties listed on the disclosure included Insight Venture Partners VIII, LP, Insight Venture Partners (Cayman) VIII, LP, Insight Venture Partners (Delaware) VIII, LP, Insight Venture Partners VIII (CoInvestors), LP, Insight Venture Partners Coinvestment Fund III, LP, Insight Venture Partners Coinvestment Fund (Delaware) III, LP, Insight Venture Associates VIII, LP, Insight Venture Associates VIII, Ltd, Insight Venture Associates Coinvestment III, LP, Insight Venture Associates Coinvestment III, Ltd and Insight Holdings Group, LLC. The filing is available through Edgar at this hyperlink.
A number of research firms recently commented on AYX. Zacks Investment Research raised shares of Alteryx from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Tuesday, January 9th. Goldman Sachs Group cut shares of Alteryx from a “buy” rating to a “neutral” rating and set a $29.00 target price for the company. in a research report on Wednesday, January 31st. Cowen reissued an “outperform” rating and set a $34.00 target price (up previously from $29.00) on shares of Alteryx in a research report on Thursday, February 22nd. Bank of America increased their target price on shares of Alteryx from $28.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Finally, KeyCorp reissued an “overweight” rating and set a $35.00 target price (up previously from $29.00) on shares of Alteryx in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $25.80.
In other Alteryx news, CRO Robert Scott Jones sold 40,226 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $33.88, for a total value of $1,362,856.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Christopher M. Lal sold 15,000 shares of the firm’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $35.03, for a total transaction of $525,450.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 292,452 shares of company stock valued at $8,688,541.
Alteryx Inc (AYX) opened at $38.13 on Tuesday. Alteryx Inc has a fifty-two week low of $14.61 and a fifty-two week high of $38.88.
Alteryx (NYSE:AYX) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.05. The business had revenue of $38.60 million during the quarter, compared to analysts’ expectations of $35.89 million. Alteryx had a negative net margin of 13.30% and a negative return on equity of 8.51%. The business’s quarterly revenue was up 54.6% on a year-over-year basis. During the same quarter last year, the company posted ($0.11) earnings per share. equities research analysts anticipate that Alteryx Inc will post -0.41 earnings per share for the current fiscal year.
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Alteryx Company Profile
Alteryx, Inc is a United States-based provider of self-service data analytics software. The Company offers various products, such as Alteryx Designer, Alteryx Server and Alteryx Analytics Gallery. Alteryx Designer is a repeatable workflow for self-service data analytics. Alteryx Designer allows data analysts by combining data preparation, data blending, and analytics-predictive, statistical and spatial-using the same user interface.
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