Alteryx Inc. (NYSE: AYX): Hunting Genuine Value In Market Debris

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Abdiel Capital Advisors LP recently announced the acquisition of new stake in Alteryx Inc. (NYSE:AYX). The institutional investor has increased its shareholding in the Technology company by 3.48% to 3.69 million shares with purchase of 0.12 million shares. This fresh investment now brings its stake to 6.96% valued currently at $605.87 million. In addition, BlackRock Fund Advisors raised its holdings by 391.0 to 2.06 million shares. And Alkeon Capital Management LLC has lifted its position by 63.97% or 0.66 million shares – to 1.68 million shares.

With over 0.81 million Alteryx Inc. (AYX) shares trading Friday and a closing price of $162.60 on the day, the dollar volume was approximately $132.14 million. The shares have shown a positive weekly performance of 0.49% and its price on 07/24/20 lost nearly -0.47%. Currently, there are 65.57M common shares owned by the public and among those 52.50M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 15 analysts who have offered their price forecasts for AYX have a consensus price objective of $151.54. The analysts have set the share’s price value over the next 12 months at a high of $216.00 and a low of $80.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Alteryx Inc. stock is 1.90 for the next 12 months. The average price target is -7.09% below its last price level and a downside to the estimated low will see the stock lose -103.25% over that period. But an upside of 24.72% will see the stock hit the forecast high price target while mean target price for the stock is $150.00.

Insiders at the company have transacted a total of 390 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 118 of these insider trades were purchases, accounting for 954,488 shares. Insider sales of the common stock occurred on 272 occasions, with total insider shares sold totaling 1,261,214 shares.

The top 3 mutual fund holders in Alteryx Inc. are American Funds Small Cap World Fu, American Funds Growth Fund of Ame, and American Funds New Perspective Fu. American Funds Small Cap World Fu owns 2.39 million shares of the company’s stock, all valued at over $392.65 million. The company bought an additional 0.15 million shares recently to bring their total holdings to about 4.51% of the shares outstanding. American Funds Growth Fund of Ame bought 0.74 million shares to see its total holdings expand to 2.08 million shares valued at over $341.98 million and representing 3.93% of the shares outstanding. American Funds New Perspective Fu bought 95550.0 shares to bring its total holdings to over 1.96 million shares at a value of $322.53 million. American Funds New Perspective Fu now owns shares totaling to 3.71% of the shares outstanding.

Shares of Alteryx Inc. (NYSE: AYX) opened at $160.00, down -$3.36 from a prior closing price of $163.36. However, the script later closed the day at $162.60, down -0.47%. The company’s stock has a 5-day price change of 0.49% and 44.48% over the past three months. AYX shares are trading 62.49% year to date (YTD), with the 12-month market performance up to 33.97% higher. It has a 12-month low price of $75.17 and touched a high of $185.75 over the same period. Currently, 0.81 million shares have been traded, compared to an average intraday trading volume of 1.61 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.40%, 6.00%, and 32.53% respectively.

Institutional ownership of Alteryx Inc. (NYSE: AYX) shares accounts for 95.40% of the company’s 65.57M shares outstanding. Mutual fund holders own 40.87%, while other institutional holders and individual stakeholders account for 52.87% and 11.11% respectively.

It has a market capitalization of $10.52B and a beta (3y monthly) value of 1.35. The earnings-per-share (ttm) stands at -$0.03. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.22% over the week and 5.37% over the month.

Analysts forecast that Alteryx Inc. (AYX) will achieve an EPS of -$0.14 for the current quarter, $0.13 for the next quarter and $1.1 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.19 while analysts give the company a high EPS estimate of -$0.07. Comparatively, EPS for the current quarter was $0.01 a year ago. Earnings per share for the fiscal year are expected to decrease by -8.70%, and 105.33% over the next financial year. EPS should grow at an annualized rate of 41.80% over the next five years, compared to 24.70% over the past 5-year period.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 15 brokerage firm advisors rate Alteryx Inc. (AYX) as a “Strong Buy” at a consensus score of 1.90. Specifically, 11 Wall Street analysts polled rate the stock as a buy, while 2 of the 15 advise that investors “hold,” and 2 rated it as a “Sell.”

Looking at the support for the AYX, a number of firms have released research notes about the stock. Needham stated their Buy rating for the stock in a research note on May 22, 2020, with the firm’s price target at $140-$164. Piper Sandler coverage for the Alteryx Inc. (AYX) stock in a research note released on May 19, 2020 offered a Overweight rating with a price target of $160. JP Morgan was of a view on April 23, 2020 that the stock is Underweight, while Needham gave the stock Buy rating on February 14, 2020, issuing a price target of $151- $167. Piper Jaffray on their part issued Neutral rating on November 26, 2019.

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