Alteryx (AYX) Hits New 1-Year High at $74.24

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Shares of Alteryx Inc (NYSE:AYX) reached a new 52-week high on Thursday . The company traded as high as $74.24 and last traded at $72.54, with a volume of 17248 shares. The stock had previously closed at $70.63.

A number of equities analysts recently weighed in on AYX shares. Wedbush initiated coverage on shares of Alteryx in a research report on Thursday, December 6th. They issued an “outperform” rating and a $72.00 price objective on the stock. TheStreet raised shares of Alteryx from a “d+” rating to a “c” rating in a research note on Thursday, November 8th. KeyCorp upped their price objective on shares of Alteryx from $61.00 to $74.00 and gave the company an “overweight” rating in a research note on Thursday, November 8th. Needham & Company LLC upped their price objective on shares of Alteryx from $65.00 to $74.00 and gave the company a “buy” rating in a research note on Thursday, November 8th. Finally, Citigroup set a $85.00 target price on Alteryx and gave the stock a “buy” rating in a report on Friday, November 9th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $66.92.

The firm has a market cap of $4.34 billion, a P/E ratio of -229.45 and a beta of 0.97. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.64 and a quick ratio of 2.64.

Alteryx (NYSE:AYX) last announced its quarterly earnings data on Wednesday, November 7th. The company reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.13. Alteryx had a negative return on equity of 7.06% and a negative net margin of 6.72%. The company had revenue of $54.18 million for the quarter, compared to analyst estimates of $49.79 million. During the same quarter last year, the firm earned $0.02 EPS. Alteryx’s revenue for the quarter was up 58.6% compared to the same quarter last year. Equities research analysts anticipate that Alteryx Inc will post -0.3 earnings per share for the current year.

In related news, Chairman Dean Stoecker sold 40,000 shares of Alteryx stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $52.35, for a total transaction of $2,094,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kevin Rubin sold 8,500 shares of the business’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $59.01, for a total value of $501,585.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,281,335 shares of company stock valued at $84,365,284. Corporate insiders own 39.01% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Cardan Capital Partners LLC lifted its holdings in shares of Alteryx by 10.9% in the fourth quarter. Cardan Capital Partners LLC now owns 28,348 shares of the company’s stock valued at $1,686,000 after purchasing an additional 2,778 shares in the last quarter. NJ State Employees Deferred Compensation Plan acquired a new position in shares of Alteryx in the fourth quarter valued at approximately $297,000. Hamilton Lane Advisors LLC acquired a new position in shares of Alteryx in the fourth quarter valued at approximately $799,000. Bank of Montreal Can grew its position in shares of Alteryx by 7.9% in the fourth quarter. Bank of Montreal Can now owns 2,873 shares of the company’s stock valued at $172,000 after purchasing an additional 210 shares during the last quarter. Finally, Legal & General Group Plc grew its position in shares of Alteryx by 5.2% in the third quarter. Legal & General Group Plc now owns 4,392 shares of the company’s stock valued at $251,000 after purchasing an additional 217 shares during the last quarter. Institutional investors own 54.00% of the company’s stock.

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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. Its software platform includes Alteryx Designer for data preparation, blending, and analytics that could be deployable in the cloud and on premise; Alteryx Server, a secure and scalable 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; Alteryx Promote, an analytics model management product for data scientists and analytics teams to build, manage, monitor, and deploy predictive models to production; and Alteryx Analytics Gallery, a cloud-based collaboration offering that allows users to share workflows in a centralized repository.

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