TheStreet Lowers Alteryx (AYX) to D+

TheStreet downgraded shares of Alteryx (NYSE:AYX) from a c rating to a d+ rating in a research note released on Thursday morning.

Several other analysts have also issued reports on the stock. Citigroup upped their price target on shares of Alteryx from $85.00 to $93.00 and gave the company a buy rating in a research report on Friday. Oppenheimer upped their price target on shares of Alteryx from $65.00 to $85.00 and gave the company an outperform rating in a research report on Thursday. JPMorgan Chase & Co. upped their price target on shares of Alteryx to $70.00 and gave the company a neutral rating in a research report on Thursday. DA Davidson upped their price target on shares of Alteryx to $74.00 and gave the company a neutral rating in a research report on Thursday. They noted that the move was a valuation call. Finally, Bank of America restated a buy rating and set a $90.00 price target (up from $72.00) on shares of Alteryx in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $78.17.

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NYSE AYX opened at $74.00 on Thursday. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 0.88. Alteryx has a 12-month low of $30.45 and a 12-month high of $79.97. The stock has a market cap of $4.52 billion, a price-to-earnings ratio of -370.00 and a beta of 1.10.

Alteryx (NYSE:AYX) last posted its quarterly earnings results on Wednesday, February 27th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. Alteryx had a negative net margin of 6.72% and a negative return on equity of 7.06%. The business had revenue of $60.50 million during the quarter, compared to analyst estimates of $57.59 million. During the same period in the prior year, the business posted $0.02 earnings per share. The company’s revenue was up 56.7% on a year-over-year basis. Sell-side analysts predict that Alteryx will post -0.33 earnings per share for the current fiscal year.

In related news, CFO Kevin Rubin sold 8,500 shares of the stock in a transaction dated Monday, December 10th. The shares were sold at an average price of $59.62, for a total value of $506,770.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Dean Stoecker sold 40,000 shares of the stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $58.57, for a total transaction of $2,342,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,323,524 shares of company stock valued at $88,559,687. Insiders own 39.01% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Rehmann Capital Advisory Group raised its stake in Alteryx by 205.5% in the fourth quarter. Rehmann Capital Advisory Group now owns 611 shares of the company’s stock worth $36,000 after buying an additional 411 shares in the last quarter. Bessemer Group Inc. bought a new position in Alteryx in the third quarter worth about $140,000. Bank of Montreal Can raised its stake in Alteryx by 7.9% in the fourth quarter. Bank of Montreal Can now owns 2,873 shares of the company’s stock worth $172,000 after buying an additional 210 shares in the last quarter. Ibex Investors LLC bought a new position in Alteryx in the third quarter worth about $201,000. Finally, State Treasurer State of Michigan bought a new position in shares of Alteryx during the third quarter valued at approximately $203,000. 54.96% of the stock is owned by institutional investors.

About Alteryx

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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