In a report released today, Robert Majek from Raymond James reiterated a Hold rating on Alteryx (AYX – Research Report). The company’s shares closed last Tuesday at $76.39, close to its 52-week low of $74.73.
According to TipRanks.com, Majek is a 2-star analyst with an average return of 1.4% and a 50.0% success rate. Majek covers the Technology sector, focusing on stocks such as Limelight Networks, Citrix Systems, and NortonLifeLock.
Currently, the analyst consensus on Alteryx is a Strong Buy with an average price target of $133.90.
Based on Alteryx’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $161 million and net profit of $22.04 million. In comparison, last year the company earned revenue of $156 million and had a net profit of $30.69 million.
Based on the recent corporate insider activity of 100 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AYX in relation to earlier this year.
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Alteryx, Inc. engages in the provision of self-service data analytics software. Its subscription-based platform allows organizations to prepare, blend, and analyze data from a multitude of sources and benefit from data-driven decisions. The company was founded by Dean A. Stoecker, Olivia Duane-Adams, and Edward P. Harding, Jr. in March 1997 and is headquartered in Irvine, CA.