Alteryx (NYSE:AYX) PT Lowered to $175.00 at Citigroup

Alteryx (NYSE:AYX) had its price objective trimmed by Citigroup from $202.00 to $175.00 in a research report released on Friday morning, BenzingaRatingsTable reports. The firm currently has a buy rating on the stock.

AYX has been the topic of a number of other research reports. ValuEngine upgraded shares of Alteryx from a strong sell rating to a sell rating in a report on Friday, February 28th. Wedbush increased their price objective on shares of Alteryx from $152.00 to $168.00 and gave the company an outperform rating in a research report on Friday, February 14th. Cowen increased their price objective on shares of Alteryx from $147.00 to $165.00 and gave the company an outperform rating in a research report on Friday, February 14th. Zacks Investment Research upgraded shares of Alteryx from a hold rating to a buy rating and set a $122.00 price objective on the stock in a research report on Thursday, March 12th. Finally, Rosenblatt Securities increased their price objective on shares of Alteryx from $97.00 to $145.00 and gave the company a neutral rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company. Alteryx currently has an average rating of Buy and an average target price of $140.85.

AYX traded down $7.71 during midday trading on Friday, reaching $93.34. The company’s stock had a trading volume of 2,417,249 shares, compared to its average volume of 2,575,926. The firm has a market capitalization of $6.61 billion, a price-to-earnings ratio of 245.64, a PEG ratio of 7.55 and a beta of 0.88. The company has a current ratio of 3.94, a quick ratio of 3.94 and a debt-to-equity ratio of 1.55. Alteryx has a 1 year low of $75.17 and a 1 year high of $160.11. The stock’s 50-day moving average is $126.80 and its 200-day moving average is $114.03.

Alteryx (NYSE:AYX) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.43. The business had revenue of $156.45 million for the quarter, compared to analysts’ expectations of $131.00 million. Alteryx had a net margin of 6.49% and a return on equity of 11.89%. As a group, equities research analysts forecast that Alteryx will post 0.33 earnings per share for the current fiscal year.

In other Alteryx news, insider Christopher M. Lal sold 1,460 shares of the stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $100.96, for a total value of $147,401.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Dean Stoecker sold 30,000 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $121.21, for a total transaction of $3,636,300.00. The disclosure for this sale can be found here. Insiders sold 491,313 shares of company stock worth $69,050,524 over the last quarter. Insiders own 19.82% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. bought a new position in Alteryx in the fourth quarter worth approximately $2,126,000. Sowell Financial Services LLC raised its position in shares of Alteryx by 590.6% during the 4th quarter. Sowell Financial Services LLC now owns 587 shares of the company’s stock valued at $59,000 after purchasing an additional 502 shares during the period. Baldwin Brothers Inc. MA bought a new stake in shares of Alteryx during the 4th quarter valued at $60,000. Tower Research Capital LLC TRC bought a new stake in shares of Alteryx during the 3rd quarter valued at $70,000. Finally, IFP Advisors Inc raised its position in shares of Alteryx by 20.2% during the 4th quarter. IFP Advisors Inc now owns 726 shares of the company’s stock valued at $76,000 after purchasing an additional 122 shares during the period. Institutional investors and hedge funds own 73.64% 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, data scientists, and citizen data scientists worldwide. Its software platform includes Alteryx Designer, a data profiling, preparation, blending, and analytics product used to create visual workflows or analytic processes; Alteryx Server, a 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; and Alteryx Promote, an analytics model management product for data scientists and analytics teams to build, manage, monitor, and deploy predictive models into real-time production applications.

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