Alteryx (NYSE:AYX) had its price objective raised by equities research analysts at Wedbush from $152.00 to $168.00 in a report released on Friday, BenzingaRatingsTable reports. The firm currently has an “outperform” rating on the stock. Wedbush’s target price points to a potential upside of 16.42% from the company’s previous close.
A number of other equities research analysts also recently issued reports on the stock. Bank of America cut their target price on shares of Alteryx from $140.00 to $112.00 and set a “buy” rating for the company in a research report on Friday, November 1st. JMP Securities increased their target price on shares of Alteryx to $162.00 and gave the stock an “outperform” rating in a research report on Friday. Piper Jaffray Companies initiated coverage on shares of Alteryx in a research report on Monday, November 25th. They issued a “neutral” rating and a $112.00 target price for the company. They noted that the move was a valuation call. Needham & Company LLC increased their target price on shares of Alteryx from $140.00 to $151.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Piper Sandler increased their target price on shares of Alteryx from $112.00 to $144.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Alteryx has a consensus rating of “Buy” and an average price target of $134.33.
Shares of NYSE:AYX opened at $144.30 on Friday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 5.22 and a current ratio of 5.22. The company has a market cap of $9.30 billion, a PE ratio of -801.62, a price-to-earnings-growth ratio of 8.60 and a beta of 0.90. Alteryx has a 52 week low of $64.52 and a 52 week high of $147.95. The firm has a 50 day simple moving average of $125.29 and a 200 day simple moving average of $116.11.
In other news, CEO Dean Stoecker sold 30,000 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $95.61, for a total transaction of $2,868,300.00. Following the transaction, the chief executive officer now owns 98,576 shares in the company, valued at approximately $9,424,851.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Robert Scott Jones sold 4,166 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $141.00, for a total transaction of $587,406.00. The disclosure for this sale can be found here. Insiders have sold a total of 130,515 shares of company stock worth $14,316,177 in the last 90 days. 19.82% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in AYX. Capital Investment Advisory Services LLC bought a new position in shares of Alteryx during the 3rd quarter valued at $35,000. Valeo Financial Advisors LLC bought a new position in shares of Alteryx during the 3rd quarter valued at $54,000. Sowell Financial Services LLC raised its holdings in shares of Alteryx by 590.6% during the 4th quarter. Sowell Financial Services LLC now owns 587 shares of the company’s stock valued at $59,000 after purchasing an additional 502 shares in the last quarter. Baldwin Brothers Inc. MA bought a new position in shares of Alteryx during the 4th quarter valued at $60,000. Finally, Focused Wealth Management Inc bought a new position in shares of Alteryx during the 3rd quarter valued at $64,000. Institutional investors and hedge funds own 70.35% of the company’s stock.
Alteryx Company Profile
Alteryx, Inc operates a self-service data analytics software platform that enables organizations to enhance business outcomes and the productivity of their business analysts, data scientists, and citizen data scientists worldwide. Its software platform includes Alteryx Designer, a data profiling, preparation, blending, and analytics product used to create visual workflows or analytic processes; Alteryx Server, a server-based product for scheduling, sharing, and running analytic processes and applications in a Web-based environment; Alteryx Connect, a collaborative data exploration platform for discovering information assets and sharing recommendations across the enterprise; and Alteryx Promote, an analytics model management product for data scientists and analytics teams to build, manage, monitor, and deploy predictive models into real-time production applications.
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