Alteryx Inc (NYSE:AYX) reached a new 52-week high during mid-day trading on Thursday following a better than expected earnings announcement. The company traded as high as $34.33 and last traded at $34.02, with a volume of 1361509 shares changing hands. The stock had previously closed at $29.52.
The company reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.05. Alteryx had a negative net margin of 13.30% and a negative return on equity of 8.64%. The company had revenue of $38.60 million for the quarter, compared to analysts’ expectations of $35.89 million. During the same period in the prior year, the business earned ($0.11) EPS. The firm’s quarterly revenue was up 54.6% on a year-over-year basis.
AYX has been the topic of several recent research reports. KeyCorp reiterated an “overweight” rating and set a $29.00 target price (up from $24.00) on shares of Alteryx in a report on Thursday, November 9th. Bank of America increased their target price on shares of Alteryx from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, November 10th. Zacks Investment Research cut shares of Alteryx from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. Goldman Sachs Group cut shares of Alteryx from a “buy” rating to a “neutral” rating and set a $29.00 target price on the stock. in a report on Wednesday, January 31st. Finally, Cowen reiterated an “outperform” rating and set a $34.00 target price (up from $29.00) on shares of Alteryx in a report on Thursday. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $25.80.
Several large investors have recently added to or reduced their stakes in the company. Alkeon Capital Management LLC bought a new stake in shares of Alteryx in the 4th quarter valued at about $632,000. MetLife Investment Advisors LLC bought a new stake in shares of Alteryx in the 4th quarter valued at about $279,000. Tensile Capital Management LLC bought a new stake in shares of Alteryx in the 4th quarter valued at about $6,088,000. Metropolitan Life Insurance Co. NY bought a new stake in shares of Alteryx in the 4th quarter valued at about $192,000. Finally, PEAK6 Investments L.P. bought a new stake in shares of Alteryx in the 4th quarter valued at about $433,000. Institutional investors and hedge funds own 31.57% of the company’s stock.
The stock has a market capitalization of $1,970.00 and a price-to-earnings ratio of -59.61.
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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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