Alteryx, Inc. (NYSE:AYX) Receives $47.75 Consensus Price Target from Brokerages

Shares of Alteryx, Inc. (NYSE:AYXGet Free Report) have received an average recommendation of “Hold” from the fourteen research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $47.75.

A number of equities research analysts recently issued reports on AYX shares. Citigroup reiterated a “neutral” rating and issued a $48.25 price objective on shares of Alteryx in a report on Tuesday, December 19th. JMP Securities restated a “market outperform” rating and issued a $60.00 target price on shares of Alteryx in a report on Monday, February 5th. Piper Sandler reiterated a “neutral” rating and set a $48.25 price target on shares of Alteryx in a report on Wednesday, February 7th. Rosenblatt Securities reissued a “neutral” rating and set a $48.25 target price on shares of Alteryx in a research report on Friday, February 9th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Alteryx in a research report on Monday, December 18th.

Get Our Latest Analysis on AYX

Insider Buying and Selling

In other Alteryx news, Director Dean Stoecker bought 35,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were acquired at an average price of $47.46 per share, with a total value of $1,661,100.00. Following the completion of the purchase, the director now directly owns 60,000 shares in the company, valued at approximately $2,847,600. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Dean Stoecker purchased 35,000 shares of the stock in a transaction on Thursday, February 1st. The shares were purchased at an average cost of $47.46 per share, for a total transaction of $1,661,100.00. Following the completion of the transaction, the director now directly owns 60,000 shares of the company’s stock, valued at approximately $2,847,600. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Christopher M. Lal acquired 9,156 shares of the business’s stock in a transaction on Friday, March 8th. The shares were bought at an average cost of $48.16 per share, with a total value of $440,952.96. Following the completion of the acquisition, the insider now owns 118,001 shares of the company’s stock, valued at approximately $5,682,928.16. The disclosure for this purchase can be found here. Insiders bought a total of 86,656 shares of company stock valued at $4,137,803 over the last ninety days. 13.56% of the stock is owned by company insiders.

Institutional Investors Weigh In On Alteryx

Large investors have recently bought and sold shares of the business. Hawk Ridge Capital Management LP bought a new stake in shares of Alteryx during the second quarter worth $120,861,000. FIL Ltd acquired a new stake in Alteryx in the 4th quarter valued at about $121,442,000. Marshall Wace LLP lifted its position in shares of Alteryx by 584.6% during the second quarter. Marshall Wace LLP now owns 1,651,269 shares of the company’s stock worth $74,968,000 after purchasing an additional 1,410,065 shares in the last quarter. Jericho Capital Asset Management L.P. bought a new stake in shares of Alteryx during the third quarter valued at approximately $50,168,000. Finally, Balyasny Asset Management L.P. increased its holdings in shares of Alteryx by 273.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,459,852 shares of the company’s stock valued at $68,847,000 after purchasing an additional 1,069,388 shares in the last quarter. 72.37% of the stock is currently owned by institutional investors.

Alteryx Price Performance

AYX opened at $48.26 on Wednesday. The stock has a fifty day moving average price of $47.84 and a 200 day moving average price of $42.17. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 4.42. Alteryx has a 1 year low of $27.92 and a 1 year high of $59.65. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of -18.56 and a beta of 0.49.

Alteryx (NYSE:AYXGet Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.67. Alteryx had a negative return on equity of 118.87% and a negative net margin of 18.46%. The business had revenue of $351.00 million during the quarter, compared to analyst estimates of $337.67 million. Analysts forecast that Alteryx will post -1.22 EPS for the current fiscal year.

Alteryx Company Profile

(Get Free Report

Alteryx, Inc, together with its subsidiaries, operates in the analytics automation business in the United States and internationally. The company's analytics platform automates tasks for workers across the analytics value chain. Its analytics platform comprises Alteryx Designer, a data profiling, preparation, blending, and analytics product; Alteryx Server, a server-based product for scheduling, sharing, and running analytic processes and applications in a web-based environment; Alteryx Intelligence Suite, a solution that provides automated modeling, optical character recognition, and natural language processing; and Alteryx Connect, a collaborative data exploration platform.

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Analyst Recommendations for Alteryx (NYSE:AYX)

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