Brokerages Set Alteryx, Inc. (NYSE:AYX) PT at $47.75

Alteryx, Inc. (NYSE:AYX) has earned a consensus recommendation of “Hold” from the fourteen brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $47.75.

A number of analysts recently commented on the stock. JMP Securities restated a “market outperform” rating and set a $60.00 price target on shares of Alteryx in a research note on Monday, February 5th. Citigroup reiterated a “neutral” rating and issued a $48.25 target price on shares of Alteryx in a research note on Tuesday, December 19th. Piper Sandler reiterated a “neutral” rating and issued a $48.25 target price on shares of Alteryx in a research note on Wednesday, February 7th. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $48.25 target price on shares of Alteryx in a research note on Friday, February 9th.

Alteryx Stock Up 0.0 %

Alteryx stock opened at $48.26 on Friday. Alteryx has a twelve month low of $27.92 and a twelve month high of $59.65. The firm has a 50 day moving average price of $48.12 and a 200-day moving average price of $43.77. The company has a market capitalization of $3.49 billion, a P/E ratio of -18.56 and a beta of 0.49. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 4.42.

Alteryx (NYSE:AYX) last released its earnings results on Tuesday, February 6th. The company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.67. The firm had revenue of $351.00 million during the quarter, compared to the consensus estimate of $337.67 million. Alteryx had a negative net margin of 18.46% and a negative return on equity of 118.87%. As a group, equities analysts predict that Alteryx will post -1.22 EPS for the current year.

Insider Activity

In other Alteryx news, Director Dean Stoecker bought 42,500 shares of Alteryx stock in a transaction that occurred on Thursday, February 15th. The shares were bought at an average price of $47.90 per share, with a total value of $2,035,750.00. Following the acquisition, the director now owns 77,500 shares in the company, valued at $3,712,250. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Alteryx news, insider Christopher M. Lal bought 9,156 shares of Alteryx stock in a transaction that occurred on Friday, March 8th. The shares were bought at an average price of $48.16 per share, with a total value of $440,952.96. Following the acquisition, the insider now owns 118,001 shares in the company, valued at $5,682,928.16. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dean Stoecker purchased 42,500 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was purchased at an average cost of $47.90 per share, for a total transaction of $2,035,750.00. Following the acquisition, the director now owns 77,500 shares in the company, valued at $3,712,250. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 86,656 shares of company stock worth $4,137,803. 13.56% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Alteryx

Large investors have recently added to or reduced their stakes in the company. Ancora Advisors LLC bought a new stake in shares of Alteryx during the 1st quarter valued at about $29,000. Fortis Capital Advisors LLC bought a new stake in shares of Alteryx during the 1st quarter valued at about $36,000. Coppell Advisory Solutions Corp. bought a new stake in shares of Alteryx during the 4th quarter valued at about $54,000. PNC Financial Services Group Inc. boosted its stake in shares of Alteryx by 165.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,482 shares of the company’s stock valued at $56,000 after purchasing an additional 924 shares in the last quarter. Finally, CWM LLC boosted its stake in shares of Alteryx by 32.1% during the 3rd quarter. CWM LLC now owns 1,638 shares of the company’s stock valued at $62,000 after purchasing an additional 398 shares in the last quarter. Institutional investors own 72.37% of the company’s stock.

Alteryx Company Profile

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.