Alteryx Inc. [AYX] stock Initiated by Truist analyst, price target now $150

Alteryx Inc. [NYSE: AYX] traded at a low on 02/10/21, posting a -16.08 loss after which it closed the day’ session at $116.36. The company report on February 10, 2021 that Alteryx Appoints Suresh Vittal as Chief Product Officer.

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Experienced Product Leader and Former Adobe Executive Joins Company to Drive Innovation and Execution of Technology Roadmap.

Alteryx, Inc. (NYSE: AYX), a leader in analytic process automation (APA™), announced the appointment of Suresh Vittal as chief product officer (CPO). Vittal will report directly to Mark Anderson, chief executive officer (CEO), and will lead the Product Management, Engineering and Development organizations. He will also be responsible for the strategic vision of Alteryx’s leading analytics and data science innovation, including making machine learning and artificial intelligence (AI) easily accessible to citizen users.

The results of the trading session contributed to over 7855496 shares changing hands. Over the past one week, the price volatility of Alteryx Inc. stands at 4.27% while the volatility over the past one month is 4.23%.

The market cap for AYX stock reached $7.63 billion, with 66.27 million shares outstanding and 53.55 million shares in the current float. Compared to the average trading volume of 1.37M shares, AYX reached a trading volume of 7855496 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Alteryx Inc. [AYX]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AYX shares is $144.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AYX stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Truist have made an estimate for Alteryx Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 20, 2021. While these analysts kept the previous recommendation, Rosenblatt raised their target price to Buy. The new note on the price target was released on January 06, 2021, representing the official price target for Alteryx Inc. stock.

The Average True Range (ATR) for Alteryx Inc. is set at 6.46, with the Price to Sales ratio for AYX stock in the period of the last 12 months amounting to 15.54. The Price to Book ratio for the last quarter was 17.68, with the Price to Cash per share for the same quarter was set at 11.03. Price to Free Cash Flow for AYX in the course of the last twelve months was 438.62 with Quick ratio for the last quarter at 4.00.

How has AYX stock performed recently?

Alteryx Inc. [AYX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.57. With this latest performance, AYX shares gained by 2.65% in over the last four-week period, additionally plugging by 5.07% over the last 6 months – not to mention a drop of -18.25% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AYX stock in for the last two-week period is set at 40.39, with the RSI for the last a single of trading hit 34.63, and the three-weeks RSI is set at 43.66 for Alteryx Inc. [AYX]. The present Moving Average for the last 50 days of trading for this stock 122.56, while it was recorded at 131.13 for the last single week of trading, and 131.73 for the last 200 days.

Alteryx Inc. [AYX]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Alteryx Inc. [AYX] shares currently have an operating margin of +9.11 and a Gross Margin at +90.58. Alteryx Inc.’s Net Margin is presently recorded at +6.49.

Return on Total Capital for AYX is now 4.66, given the latest momentum, and Return on Invested Capital for the company is 3.48. Return on Equity for this stock inclined to 7.47, with Return on Assets sitting at 2.71. When it comes to the capital structure of this company, Alteryx Inc. [AYX] has a Total Debt to Total Equity ratio set at 172.84. Additionally, AYX Total Debt to Total Capital is recorded at 63.35, with Total Debt to Total Assets ending up at 53.14. Long-Term Debt to Equity for the company is recorded at 155.24, with the Long-Term Debt to Total Capital now at 56.90.

Reflecting on the efficiency of the workforce at the company, Alteryx Inc. [AYX] managed to generate an average of $22,619 per employee. Receivables Turnover for the company is 3.43 with a Total Asset Turnover recorded at a value of 0.42.Alteryx Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.00 and a Current Ratio set at 4.00.

Earnings analysis for Alteryx Inc. [AYX]

With the latest financial reports released by the company, Alteryx Inc. posted -0.1/share EPS, while the average EPS was predicted by analysts to be reported at -0.09/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -11.10%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AYX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Alteryx Inc. go to 34.60%.

Insider trade positions for Alteryx Inc. [AYX]

There are presently around $5,778 million, or 94.20% of AYX stock, in the hands of institutional investors. The top three institutional holders of AYX stocks are: CAPITAL WORLD INVESTORS with ownership of 4,601,556, which is approximately -5.628% of the company’s market cap and around 0.50% of the total institutional ownership; VANGUARD GROUP INC, holding 4,450,308 shares of the stock with an approximate value of $517.84 million in AYX stocks shares; and BROWN CAPITAL MANAGEMENT LLC, currently with $445.14 million in AYX stock with ownership of nearly 12.329% of the company’s market capitalization.

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Positions in Alteryx Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 201 institutional holders increased their position in Alteryx Inc. [NYSE:AYX] by around 8,211,489 shares. Additionally, 190 investors decreased positions by around 7,039,256 shares, while 49 investors held positions by with 34,402,004 shares. The mentioned changes placed institutional holdings at 49,652,749 shares, according to the latest SEC report filing. AYX stock had 74 new institutional investments in for a total of 2,309,050 shares, while 78 institutional investors sold positions of 2,541,201 shares during the same period.

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