Alteryx, Inc. (AYX) Shares Up 6.9%

Alteryx, Inc. (NYSE:AYX)’s share price shot up 6.9% during trading on Tuesday . The company traded as high as $27.59 and last traded at $27.45. 860,400 shares were traded during mid-day trading, an increase of 136% from the average session volume of 364,707 shares. The stock had previously closed at $25.69.

A number of equities analysts have issued reports on the stock. Cowen and Company restated an “outperform” rating and issued a $23.00 price objective (up previously from $21.00) on shares of Alteryx in a research report on Thursday, August 3rd. Zacks Investment Research cut shares of Alteryx from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. KeyCorp restated a “buy” rating and issued a $24.00 price objective on shares of Alteryx in a research report on Friday, September 22nd. Finally, Bank of America Corporation assumed coverage on shares of Alteryx in a research report on Monday, October 16th. They issued a “buy” rating and a $26.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $21.70.

Alteryx (NYSE:AYX) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.10. Alteryx had a negative net margin of 18.68% and a negative return on equity of 19.62%. The firm had revenue of $34.16 million for the quarter, compared to analysts’ expectations of $32.06 million. During the same quarter in the previous year, the company earned ($0.07) earnings per share. The company’s revenue for the quarter was up 52.1% compared to the same quarter last year. analysts forecast that Alteryx, Inc. will post -0.33 EPS for the current year.

In related news, SVP Christopher M. Lal sold 15,000 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $25.85, for a total transaction of $387,750.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Qualified Master Fund L. Abdiel purchased 40,000 shares of Alteryx stock in a transaction that occurred on Tuesday, August 29th. The shares were bought at an average price of $22.70 per share, for a total transaction of $908,000.00. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 2,272,500 shares of company stock worth $47,909,900 and have sold 7,781,470 shares worth $157,958,732.

Several hedge funds and other institutional investors have recently made changes to their positions in AYX. Abdiel Capital Advisors LP purchased a new position in shares of Alteryx during the second quarter valued at about $24,460,000. Vanguard Group Inc. increased its position in shares of Alteryx by 2,833.6% during the second quarter. Vanguard Group Inc. now owns 586,718 shares of the company’s stock valued at $11,453,000 after buying an additional 566,718 shares during the period. FMR LLC purchased a new position in shares of Alteryx during the first quarter valued at about $6,400,000. Citadel Advisors LLC increased its position in shares of Alteryx by 1,570.2% during the third quarter. Citadel Advisors LLC now owns 354,954 shares of the company’s stock valued at $7,230,000 after buying an additional 333,702 shares during the period. Finally, Tygh Capital Management Inc. increased its position in shares of Alteryx by 1,668.0% during the second quarter. Tygh Capital Management Inc. now owns 353,590 shares of the company’s stock valued at $6,902,000 after buying an additional 333,590 shares during the period. Institutional investors own 18.53% of the company’s stock.

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About Alteryx

Alteryx, Inc is a United States-based provider of self-service data analytics software. The Company offers various products, such as Alteryx Designer, Alteryx Server and Alteryx Analytics Gallery. Alteryx Designer is a repeatable workflow for self-service data analytics. Alteryx Designer allows data analysts by combining data preparation, data blending, and analytics-predictive, statistical and spatial-using the same user interface.

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