AdvisorNet Financial Inc cut its stake in shares of Alteryx, Inc. (NYSE:AYX – Get Rating) by 70.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 425 shares of the company’s stock after selling 1,000 shares during the quarter. AdvisorNet Financial Inc’s holdings in Alteryx were worth $30,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of AYX. Capital World Investors boosted its position in Alteryx by 12.9% during the fourth quarter. Capital World Investors now owns 7,223,884 shares of the company’s stock valued at $437,045,000 after purchasing an additional 824,762 shares during the last quarter. Wishbone Management LP acquired a new position in Alteryx during the fourth quarter valued at approximately $49,610,000. Mackenzie Financial Corp boosted its position in Alteryx by 33.9% during the fourth quarter. Mackenzie Financial Corp now owns 2,382,448 shares of the company’s stock valued at $144,138,000 after purchasing an additional 603,517 shares during the last quarter. Capital International Investors boosted its position in Alteryx by 293.3% during the fourth quarter. Capital International Investors now owns 523,076 shares of the company’s stock valued at $31,646,000 after purchasing an additional 390,076 shares during the last quarter. Finally, Needham Investment Management LLC boosted its position in Alteryx by 3,820.9% during the fourth quarter. Needham Investment Management LLC now owns 235,253 shares of the company’s stock valued at $14,233,000 after purchasing an additional 229,253 shares during the last quarter. 71.04% of the stock is owned by hedge funds and other institutional investors.
NYSE:AYX opened at $49.57 on Monday. The stock has a market cap of $3.38 billion, a P/E ratio of -13.66 and a beta of 0.79. The stock has a 50 day simple moving average of $55.83 and a 200 day simple moving average of $59.54. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 3.43. Alteryx, Inc. has a 1-year low of $43.45 and a 1-year high of $87.00.
Alteryx (NYSE:AYX – Get Rating) last released its quarterly earnings results on Tuesday, May 3rd. The company reported ($1.10) earnings per share for the quarter, missing the consensus estimate of ($0.96) by ($0.14). Alteryx had a negative return on equity of 46.53% and a negative net margin of 42.51%. The firm had revenue of $157.94 million for the quarter, compared to analyst estimates of $145.88 million. During the same period in the previous year, the business posted ($0.45) earnings per share. The business’s revenue for the quarter was up 33.0% on a year-over-year basis. As a group, sell-side analysts forecast that Alteryx, Inc. will post -2.51 EPS for the current year.
Several research analysts recently commented on the company. Loop Capital increased their price target on Alteryx from $60.00 to $67.00 in a research report on Wednesday, May 4th. Truist Financial cut their price objective on Alteryx from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, March 24th. Cowen raised their price objective on Alteryx from $75.00 to $90.00 in a research report on Wednesday, May 4th. FBN Securities started coverage on Alteryx in a research report on Monday, May 23rd. They issued an “outperform” rating and a $80.00 price objective for the company. Finally, Citigroup raised their price objective on Alteryx from $86.00 to $95.00 in a research report on Wednesday, May 4th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $83.64.
Alteryx Company Profile (Get Rating)
Alteryx, Inc provides end-to-end analytics platform for data analysts and scientists worldwide. Its analytic process automation 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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Source: defenseworld.net
