Alteryx (NYSE:AYX) PT Raised to $79.00 at Morgan Stanley

Alteryx (NYSE:AYXGet Rating) had its target price upped by Morgan Stanley from $73.00 to $79.00 in a report released on Wednesday morning, reports. Morgan Stanley currently has an equal weight rating on the stock.

A number of other research firms also recently issued reports on AYX. Piper Sandler raised their price objective on shares of Alteryx from $55.00 to $70.00 and gave the stock an overweight rating in a report on Wednesday. Needham & Company LLC lowered their price target on shares of Alteryx from $86.00 to $57.00 and set a buy rating on the stock in a report on Friday, July 29th. FBN Securities began coverage on Alteryx in a research note on Monday, May 23rd. They issued an outperform rating and a $80.00 price objective on the stock. Cowen raised their target price on Alteryx from $75.00 to $90.00 in a research report on Wednesday, May 4th. Finally, Rosenblatt Securities dropped their price target on Alteryx from $87.00 to $75.00 and set a buy rating on the stock in a research report on Thursday, July 28th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to, Alteryx has an average rating of Moderate Buy and an average target price of $79.50.

Alteryx Stock Performance

AYX stock opened at $62.53 on Wednesday. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 3.43. The firm has a market cap of $4.26 billion, a PE ratio of -13.77 and a beta of 0.74. The business has a 50 day moving average of $51.36 and a 200-day moving average of $57.90. Alteryx has a 12-month low of $43.45 and a 12-month high of $81.30.

Alteryx (NYSE:AYXGet Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.46) earnings per share for the quarter, topping the consensus estimate of ($0.60) by $0.14. Alteryx had a negative return on equity of 65.93% and a negative net margin of 48.42%. During the same period in the previous year, the company earned ($0.49) EPS. As a group, sell-side analysts expect that Alteryx will post -2.55 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AYX. Gofen & Glossberg LLC IL boosted its position in shares of Alteryx by 8.1% in the first quarter. Gofen & Glossberg LLC IL now owns 7,662 shares of the company’s stock valued at $548,000 after acquiring an additional 575 shares during the period. Rhumbline Advisers grew its position in shares of Alteryx by 3.0% during the 4th quarter. Rhumbline Advisers now owns 54,006 shares of the company’s stock valued at $3,267,000 after purchasing an additional 1,571 shares in the last quarter. Wishbone Management LP bought a new position in shares of Alteryx in the fourth quarter worth $49,610,000. Vitruvian Partners LLP increased its holdings in shares of Alteryx by 63.3% in the first quarter. Vitruvian Partners LLP now owns 819,547 shares of the company’s stock worth $49,583,000 after purchasing an additional 317,826 shares during the period. Finally, Cinctive Capital Management LP purchased a new stake in shares of Alteryx in the fourth quarter worth $6,583,000. Hedge funds and other institutional investors own 71.04% of the company’s stock.

About Alteryx

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Alteryx, Inc operates in analytic process automation business in the Asia-Pacific, Europe, the Middle East, Africa, Latin America, and internationally. The company's analytics platform enables organizations to enhance business outcomes and the productivity of their business analysts, data scientists, citizen data scientists, and data engineers.

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