Malaga Cove Capital LLC increased its stake in Alteryx Inc (NYSE:AYX) by 62.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,746 shares of the company’s stock after acquiring an additional 6,049 shares during the period. Malaga Cove Capital LLC’s holdings in Alteryx were worth $1,321,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Morgan Stanley increased its holdings in Alteryx by 105.1% during the 3rd quarter. Morgan Stanley now owns 249,698 shares of the company’s stock valued at $14,285,000 after purchasing an additional 127,927 shares during the period. Federated Investors Inc. PA increased its holdings in Alteryx by 11.8% during the 3rd quarter. Federated Investors Inc. PA now owns 335,406 shares of the company’s stock valued at $19,189,000 after purchasing an additional 35,406 shares during the period. Jane Street Group LLC purchased a new position in Alteryx during the 3rd quarter valued at about $452,000. Rehmann Capital Advisory Group increased its holdings in Alteryx by 5,621.0% during the 3rd quarter. Rehmann Capital Advisory Group now owns 11,442 shares of the company’s stock valued at $200,000 after purchasing an additional 11,242 shares during the period. Finally, LPL Financial LLC purchased a new position in Alteryx during the 3rd quarter valued at about $224,000. 57.41% of the stock is owned by institutional investors.
Shares of Alteryx stock traded up $0.32 during midday trading on Thursday, hitting $81.86. The company had a trading volume of 7,669 shares, compared to its average volume of 1,167,223. The company has a quick ratio of 3.71, a current ratio of 3.71 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $5.04 billion, a P/E ratio of -409.05, a PEG ratio of 93.29 and a beta of 1.08. Alteryx Inc has a 52-week low of $30.45 and a 52-week high of $86.19.
Alteryx (NYSE:AYX) last posted its quarterly earnings results on Wednesday, February 27th. The company reported ($0.08) earnings per share for the quarter, hitting the consensus estimate of ($0.08). The company had revenue of $60.50 million for the quarter, compared to the consensus estimate of $57.59 million. Alteryx had a negative return on equity of 7.39% and a negative net margin of 8.74%. The firm’s quarterly revenue was up 56.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.02 EPS. As a group, equities analysts expect that Alteryx Inc will post 0.06 EPS for the current year.
A number of research analysts recently issued reports on the company. TheStreet downgraded Alteryx from a “c” rating to a “d+” rating in a report on Thursday, February 28th. Citigroup upped their target price on Alteryx from $85.00 to $93.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Oppenheimer upped their target price on Alteryx from $65.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, February 28th. JPMorgan Chase & Co. upped their target price on Alteryx to $70.00 and gave the stock a “neutral” rating in a report on Thursday, February 28th. Finally, DA Davidson upped their target price on Alteryx to $74.00 and gave the stock a “neutral” rating in a report on Thursday, February 28th. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $78.17.
In related news, SVP Christopher M. Lal sold 2,757 shares of the company’s stock in a transaction that occurred on Wednesday, January 30th. The stock was sold at an average price of $68.69, for a total value of $189,378.33. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CRO Robert Scott Jones sold 1,598 shares of the company’s stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $70.15, for a total value of $112,099.70. The disclosure for this sale can be found here. Insiders sold a total of 1,419,449 shares of company stock worth $96,720,279 in the last 90 days. 39.01% of the stock is currently owned by company insiders.
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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.
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