Alteryx (AYX) PT Raised to $74.00 at KeyCorp

Alteryx (NYSE:AYX) had its target price upped by stock analysts at KeyCorp from $61.00 to $74.00 in a research report issued to clients and investors on Thursday, The Fly reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s price target would suggest a potential upside of 27.85% from the company’s previous close.

AYX has been the topic of several other reports. Citigroup set a $81.00 target price on Alteryx and gave the stock a “buy” rating in a report on Tuesday, September 18th. Needham & Company LLC increased their target price on Alteryx from $51.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, August 14th. Oppenheimer increased their target price on Alteryx from $48.00 to $56.00 and gave the stock an “outperform” rating in a report on Thursday, August 9th. JMP Securities increased their target price on Alteryx from $45.00 to $52.00 and gave the stock a “market outperform” rating in a report on Thursday, August 9th. Finally, Zacks Investment Research lowered Alteryx from a “hold” rating to a “sell” rating in a report on Tuesday, August 14th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $66.45.

NYSE AYX traded down $0.41 on Thursday, reaching $57.88. The stock had a trading volume of 936,512 shares, compared to its average volume of 1,147,495. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.71 and a quick ratio of 2.71. Alteryx has a 1-year low of $23.00 and a 1-year high of $67.40. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of -186.71 and a beta of 0.99.

Alteryx (NYSE:AYX) last issued its quarterly earnings data on Wednesday, November 7th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.13. Alteryx had a negative return on equity of 7.38% and a negative net margin of 6.72%. The firm had revenue of $54.18 million for the quarter, compared to analyst estimates of $49.79 million. During the same period in the prior year, the firm posted $0.02 EPS. The company’s revenue for the quarter was up 58.6% on a year-over-year basis. On average, equities analysts anticipate that Alteryx will post -0.47 earnings per share for the current fiscal year.

In related news, SVP Christopher M. Lal sold 30,000 shares of the company’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $53.91, for a total transaction of $1,617,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Abdiel Capital Management, Llc acquired 75,000 shares of the company’s stock in a transaction that occurred on Thursday, November 1st. The shares were acquired at an average price of $53.54 per share, with a total value of $4,015,500.00. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 194,855 shares of company stock worth $9,551,233 and have sold 3,390,485 shares worth $187,381,390. Corporate insiders own 39.01% of the company’s stock.

Several hedge funds have recently made changes to their positions in AYX. Sandler Capital Management bought a new stake in shares of Alteryx during the 2nd quarter worth $29,515,000. BlackRock Inc. lifted its position in shares of Alteryx by 47.8% during the 2nd quarter. BlackRock Inc. now owns 2,027,578 shares of the company’s stock worth $77,373,000 after buying an additional 655,701 shares during the last quarter. FMR LLC lifted its position in shares of Alteryx by 1,950.6% during the 3rd quarter. FMR LLC now owns 369,100 shares of the company’s stock worth $21,116,000 after buying an additional 351,100 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Alteryx by 219.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 504,173 shares of the company’s stock worth $28,844,000 after buying an additional 346,239 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of Alteryx during the 2nd quarter worth $12,649,000. Institutional investors and hedge funds own 43.05% 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. Its software platform includes Alteryx Designer for data preparation, blending, and analytics that could be deployable in the cloud and on premise; Alteryx Server, a secure and scalable 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; Alteryx Promote, an analytics model management product for data scientists and analytics teams to build, manage, monitor, and deploy predictive models to production; and Alteryx Analytics Gallery, a cloud-based collaboration offering that allows users to share workflows in a centralized repository.

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