Stocks of Alteryx Inc. (NYSE:AYX) traded higher last session on Wall Street, down -2.87% to $28.47.
According to the data, Alteryx Inc. (NYSE:AYX) has 18 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $65.20 and a low of $30.00, we find $45.00. Given the previous closing price of $29.31, this indicates a potential upside of 53.53 percent. AYX stock price is now -29.14% away from the 50-day moving average and -40.71% away from the 200-day moving average. The market capitalization of the company currently stands at $2.01B.
A total of 8 analysts have issued a hold rating and 10 have given it a buy rating. Brokers who have rated the stock have averaged $48.01 as their price target over the next twelve months.
With the price target reduced from $68 to $30, Piper Sandler Downgraded its rating from Overweight to Neutral for Alteryx Inc. (NYSE: AYX).
In other news, Natali Chris, Chief Accounting Officer sold 1,000 shares of the company’s stock on Jun 02. The stock was sold for $43,310 at an average price of $43.31. Upon completion of the transaction, the Chief Accounting Officer now directly owns 40,464 shares in the company, valued at $1.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 08, Director Schloss Eileen sold 4,500 shares of the business’s stock. A total of $294,615 was realized by selling the stock at an average price of $65.47. This leaves the insider owning 6,715 shares of the company worth $0.19 million. Insiders disposed of 147,135 shares of company stock worth roughly $4.19 million over the past 1 year. A total of 1.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AYX stock. A new stake in Alteryx Inc. shares was purchased by HAWK RIDGE CAPITAL MANAGEMENT LP during the first quarter worth $75,791,000. OPTIMUS PRIME FUND MANAGEMENT CO., LTD. invested $32,741,000 in shares of AYX during the first quarter. In the first quarter, KADENSA CAPITAL LTD acquired a new stake in Alteryx Inc. valued at approximately $8,353,000. UBS OCONNOR LLC acquired a new stake in AYX for approximately $7,829,000. POINT72 ASSET MANAGEMENT, L.P. purchased a new stake in AYX valued at around $7,195,000 in the second quarter. In total, there are 395 active investors with 86.40% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $29.31 for Alteryx Inc. (NYSE: AYX). During the past 12 months, Alteryx Inc. has had a low of $28.48 and a high of $70.63. As of last week, the company has a debt-to-equity ratio of 23.75, a current ratio of 2.60, and a quick ratio of 2.60. The fifty day moving average price for AYX is $39.94 and a two-hundred day moving average price translates $47.91 for the stock.
The latest earnings results from Alteryx Inc. (NYSE: AYX) was released for Jun, 2023. According to the Software – Application Company, earnings per share came in at -$0.37, beating analysts’ expectations of -$0.67 by 0.3. This compares to -$1.57 EPS in the same period last year. The net profit margin was -34.90% and return on equity was -248.70% for AYX. The company reported revenue of $188.0 million for the quarter, compared to $181.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.87 percent. For the current quarter, analysts expect AYX to generate $210.24M in revenue.
Alteryx Inc.(AYX) Company Profile
Alteryx, Inc. operates in analytic process automation business in the Asia-Pacific, Europe, the Middle East, Africa, North America, and internationally. The company’s analytics platform enables organizations to enhance business outcomes and the productivity of their business analysts, data scientists, citizen data scientists, and data engineers. Its analytics platform comprises Alteryx Designer, a data profiling, preparation, blending, and analytics product; Alteryx Server, a server-based product for scheduling, sharing, and running analytic processes and applications in a web-based environment; Alteryx Intelligence Suite, an automated modeling, optical character recognition, and natural language processing product; and Alteryx Connect, a collaborative data exploration platform. The company’s platform also offers cloud-native products comprising Alteryx Designer Cloud, a browser-based version of Alteryx Designer product; Alteryx Machine Learning, an automated machine learning product to build, validate, iterate, and explore machine learning models; and Alteryx Auto Insights, an analytics solution that automates insights for business users. In addition, it provides technical support, instruction, and customer services. It serves retail, food services, consumer products, telecom and cable, media and entertainment, professional services, financial services, energy and utilities, public sector, manufacturing, travel and hospitality, healthcare and insurance, and technology industries. Alteryx, Inc. was founded in 1997 and is headquartered in Irvine, California.
