Alteryx, Inc. (NYSE:AYX) Short Interest Down 5.1% in February

Alteryx, Inc. (NYSE:AYX – Get Rating) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 3,140,000 shares, a decline of 5.1% from the February 13th total of 3,310,000 shares. Based on an average daily volume of 1,140,000 shares, the short-interest ratio is currently 2.8 days. Currently, 5.3% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Rosenblatt Securities lifted their target price on Alteryx from $77.00 to $86.00 and gave the company a “buy” rating in a research report on Friday, February 10th. Needham & Company LLC boosted their price target on Alteryx from $62.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, February 10th. Wedbush started coverage on Alteryx in a research report on Wednesday, December 14th. They issued a “neutral” rating and a $50.00 price target for the company. Morgan Stanley boosted their price target on Alteryx from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Friday, February 10th. Finally, Citigroup increased their price target on Alteryx from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, February 13th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.54.

Alteryx Trading Down 0.6 %

Shares of NYSE:AYX opened at $56.71 on Thursday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 4.57. Alteryx has a 52-week low of $39.55 and a 52-week high of $76.35. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of -12.14 and a beta of 0.54. The business has a 50-day moving average price of $58.82 and a 200-day moving average price of $54.27.

Alteryx (NYSE:AYX – Get Rating) last posted its quarterly earnings results on Thursday, February 9th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.28. The company had revenue of $301.08 million during the quarter, compared to analyst estimates of $278.64 million. Alteryx had a negative net margin of 37.24% and a negative return on equity of 119.37%. Equities analysts predict that Alteryx will post -1.89 EPS for the current year.

Insider Buying and Selling at Alteryx

In other Alteryx news, Director Eileen Schloss sold 4,500 shares of Alteryx stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $65.47, for a total transaction of $294,615.00. Following the completion of the sale, the director now directly owns 6,715 shares of the company’s stock, valued at approximately $439,631.05. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 13.84% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Alteryx

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ancora Advisors LLC purchased a new stake in shares of Alteryx in the first quarter worth about $29,000. Ellevest Inc. purchased a new stake in Alteryx in the 3rd quarter worth approximately $32,000. Belpointe Asset Management LLC acquired a new stake in shares of Alteryx during the 4th quarter worth approximately $29,000. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Alteryx by 147.5% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 985 shares of the company’s stock valued at $55,000 after purchasing an additional 587 shares during the period. Finally, Coppell Advisory Solutions Corp. acquired a new stake in Alteryx during the fourth quarter valued at $54,000. 74.23% of the stock is owned by institutional investors and hedge funds.

Alteryx Company Profile

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Alteryx, Inc engages in the provision of self-service data analytics software. Its subscription-based platform allows organizations to prepare, blend, and analyze data from a multitude of sources and benefit from data-driven decisions. The company was founded by Dean A. Stoecker, Olivia Duane-Adams, and Edward P.