Rathbone Brothers plc boosted its holdings in Alteryx Inc (NYSE:AYX) by 61.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 25,000 shares of the company’s stock after purchasing an additional 9,550 shares during the period. Rathbone Brothers plc’s holdings in Alteryx were worth $954,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of AYX. Whale Rock Capital Management LLC bought a new position in Alteryx in the 1st quarter worth approximately $40,538,000. BlackRock Inc. increased its position in Alteryx by 92.0% in the 4th quarter. BlackRock Inc. now owns 1,329,504 shares of the company’s stock worth $33,596,000 after buying an additional 636,948 shares during the period. Tensile Capital Management LLC increased its position in Alteryx by 103.7% in the 1st quarter. Tensile Capital Management LLC now owns 490,822 shares of the company’s stock worth $16,757,000 after buying an additional 249,892 shares during the period. Spark Investment Management LLC increased its position in Alteryx by 631.6% in the 1st quarter. Spark Investment Management LLC now owns 192,400 shares of the company’s stock worth $6,568,000 after buying an additional 166,100 shares during the period. Finally, Renaissance Technologies LLC increased its position in Alteryx by 76.8% in the 4th quarter. Renaissance Technologies LLC now owns 332,898 shares of the company’s stock worth $8,412,000 after buying an additional 144,598 shares during the period. 36.28% of the stock is currently owned by institutional investors.
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AYX opened at $42.57 on Wednesday. Alteryx Inc has a 1 year low of $18.64 and a 1 year high of $43.18.
Alteryx (NYSE:AYX) last released its quarterly earnings data on Wednesday, May 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.06. The business had revenue of $42.82 million for the quarter, compared to analysts’ expectations of $39.86 million. Alteryx had a negative return on equity of 8.69% and a negative net margin of 11.67%. Alteryx’s quarterly revenue was up 50.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.08) earnings per share. analysts predict that Alteryx Inc will post -0.41 earnings per share for the current year.
Several research analysts have commented on AYX shares. Needham & Company LLC started coverage on Alteryx in a research report on Tuesday, April 10th. They issued a “buy” rating and a $39.00 price target on the stock. ValuEngine raised Alteryx from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. KeyCorp raised Alteryx from a “sector weight” rating to an “overweight” rating and set a $40.00 price target on the stock in a research report on Sunday, May 20th. JMP Securities lifted their price target on Alteryx from $37.00 to $45.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 12th. Finally, Citigroup started coverage on Alteryx in a research report on Friday, June 22nd. They set an “outperform” rating and a $48.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $40.11.
In related news, major shareholder Qualified Master Fund L. Abdiel purchased 200,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 6th. The shares were acquired at an average price of $38.60 per share, with a total value of $7,720,000.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CRO Robert Scott Jones sold 6,076 shares of the business’s stock in a transaction on Friday, June 1st. The shares were sold at an average price of $33.82, for a total value of $205,490.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 620,000 shares of company stock worth $21,349,000 and have sold 252,613 shares worth $9,161,124. Insiders own 39.01% of the company’s stock.
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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