FNY Investment Advisers LLC raised its stake in shares of Alteryx, Inc. (NYSE:AYX – Free Report) by 19,900.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,000 shares of the company’s stock after purchasing an additional 9,950 shares during the period. FNY Investment Advisers LLC’s holdings in Alteryx were worth $454,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AYX. Envestnet Asset Management Inc. grew its holdings in Alteryx by 7.1% during the first quarter. Envestnet Asset Management Inc. now owns 4,636 shares of the company’s stock valued at $332,000 after purchasing an additional 307 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Alteryx by 13.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 26,769 shares of the company’s stock worth $1,915,000 after acquiring an additional 3,212 shares during the last quarter. Roundview Capital LLC acquired a new stake in shares of Alteryx in the first quarter worth $236,000. PNC Financial Services Group Inc. grew its stake in shares of Alteryx by 14.9% in the first quarter. PNC Financial Services Group Inc. now owns 1,583 shares of the company’s stock worth $114,000 after acquiring an additional 205 shares during the last quarter. Finally, MetLife Investment Management LLC acquired a new stake in shares of Alteryx in the first quarter worth $272,000. Institutional investors and hedge funds own 72.37% of the company’s stock.
Analysts Set New Price Targets
AYX has been the topic of several research analyst reports. Bank of America lowered their price objective on shares of Alteryx from $70.00 to $64.00 in a research note on Tuesday, August 8th. William Blair initiated coverage on shares of Alteryx in a research note on Thursday, August 31st. They issued a “market perform” rating on the stock. Morgan Stanley lowered their price objective on shares of Alteryx from $59.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 8th. JMP Securities lowered their price objective on shares of Alteryx from $95.00 to $60.00 and set a “market outperform” rating on the stock in a research note on Tuesday, August 8th. Finally, Truist Financial reduced their target price on Alteryx from $65.00 to $40.00 and set a “buy” rating for the company in a research report on Tuesday, August 8th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Alteryx presently has an average rating of “Moderate Buy” and an average target price of $53.17.
Alteryx Price Performance
Shares of NYSE AYX traded down $0.76 during midday trading on Friday, reaching $34.85. 2,288,888 shares of the company traded hands, compared to its average volume of 1,769,291. The firm has a market cap of $2.48 billion, a PE ratio of -7.71 and a beta of 0.51. The stock’s 50-day simple moving average is $34.92 and its 200-day simple moving average is $43.28. Alteryx, Inc. has a 12 month low of $27.92 and a 12 month high of $70.63. The company has a debt-to-equity ratio of 23.75, a quick ratio of 2.61 and a current ratio of 2.61.
Alteryx (NYSE:AYX – Get Free Report) last issued its quarterly earnings data on Monday, August 7th. The company reported ($1.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.27) by ($0.02). The company had revenue of $188.00 million for the quarter, compared to the consensus estimate of $182.15 million. Alteryx had a negative net margin of 34.87% and a negative return on equity of 172.29%. As a group, equities analysts anticipate that Alteryx, Inc. will post -2.23 earnings per share for the current fiscal year.
Alteryx, Inc operates in analytic process automation business in the Asia-Pacific, Europe, the Middle East, Africa, North 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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