Alteryx (NYSE:AYX) shares were down 2.1% during mid-day trading on Wednesday following insider selling activity. The stock traded as low as $30.78 and last traded at $32.34. Approximately 70,844 shares were traded during trading, a decline of 89% from the average daily volume of 661,296 shares. The stock had previously closed at $31.66.
Specifically, Chairman Dean Stoecker sold 40,000 shares of the firm’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $36.50, for a total value of $1,460,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Abdiel Capital Management, Llc bought 140,000 shares of the firm’s stock in a transaction on Wednesday, May 16th. The stock was purchased at an average cost of $32.04 per share, for a total transaction of $4,485,600.00. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 232,500 shares of company stock worth $7,642,800 and sold 349,552 shares worth $11,957,187.
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Several equities analysts have commented on AYX shares. Zacks Investment Research lowered shares of Alteryx from a “hold” rating to a “sell” rating in a report on Monday, February 26th. Needham & Company LLC raised their target price on shares of Alteryx from $39.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, May 10th. KeyCorp reissued an “overweight” rating and issued a $35.00 target price (up from $29.00) on shares of Alteryx in a report on Thursday, February 22nd. ValuEngine raised shares of Alteryx from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Finally, Bank of America raised their target price on shares of Alteryx from $28.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $34.33.
Alteryx (NYSE:AYX) last announced its quarterly earnings results on Wednesday, May 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.06. The company had revenue of $42.82 million for the quarter, compared to analyst estimates of $39.86 million. Alteryx had a negative net margin of 11.67% and a negative return on equity of 8.69%. The firm’s revenue was up 50.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.08) EPS. research analysts forecast that Alteryx will post -0.41 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the stock. Seven Eight Capital LP bought a new stake in shares of Alteryx during the 1st quarter valued at approximately $222,000. California Public Employees Retirement System bought a new stake in shares of Alteryx during the 1st quarter valued at approximately $256,000. Metropolitan Life Insurance Co. NY bought a new stake in shares of Alteryx during the 4th quarter valued at approximately $192,000. Citigroup Inc. grew its holdings in shares of Alteryx by 4,702.5% during the 1st quarter. Citigroup Inc. now owns 9,653 shares of the company’s stock valued at $329,000 after purchasing an additional 9,452 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of Alteryx during the 4th quarter valued at approximately $256,000. 32.58% of the stock is currently owned by institutional investors.
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.