The Vanguard Group, Inc. recently announced the acquisition of new stake in Alteryx Inc (NYSE:AYX). The institutional investor has increased its shareholding in the Technology company by 8.91% to 6.48 million shares with purchase of 0.53 million shares. This fresh investment now brings its stake to 10.14% valued currently at $259.55 million. In addition, Mackenzie Financial Corp. raised its holdings by 9276.0 to 2.98 million shares. And BlackRock Fund Advisors has lifted its position by 1.28% or 36548.0 shares – to 2.9 million shares.
With over 7.31 million Alteryx Inc (AYX) shares trading Tuesday and a closing price of $47.05 on the day, the dollar volume was approximately $343.91 million. The shares have shown a positive half year performance of 3.98% and its price on 01/02/24 lost nearly -0.23%. Currently, there are 61.62M common shares owned by the public and among those 61.26M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 16 analysts who have offered their price forecasts for AYX have a consensus price objective of $49.53. The analysts have set the share’s price value over the next 12 months at a high of $60.00 and a low of $45.00. The average price target is 5.01% above its recent price level and a downside to the estimated low will see the stock lose -4.56% over that period. But an upside of 21.58% will see the stock hit the forecast high price target while median target price for the stock is $48.25.
Insiders at the company have transacted a total of 38 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 17 of these insider trades were purchases, accounting for 388,677 shares. Insider sales of the common stock occurred on 21 occasions, with total insider shares sold totaling 137,585 shares.
The top 3 mutual fund holders in Alteryx Inc are Vanguard Total Stock Market ETF, Vanguard Small Cap Index Fund, and American Funds Small Cap World Fu. Vanguard Total Stock Market ETF owns 1.87 million shares of the company’s stock, all valued at over $74.88 million. The company bought an additional 2829.0 shares recently to bring their total holdings to about 2.93% of the shares outstanding. Vanguard Small Cap Index Fund bought 9484.0 shares to see its total holdings expand to 1.56 million shares valued at over $62.3 million and representing 2.44% of the shares outstanding. American Funds Small Cap World Fu sold -0.69 million shares to bring its total holdings to over 1.45 million shares at a value of $58.07 million. American Funds Small Cap World Fu now owns shares totaling to 2.27% of the shares outstanding.
Shares of Alteryx Inc (NYSE: AYX) opened at $47.11, down -$0.05 from a prior closing price of $47.16. However, the script later moved the day high at 47.17, down -0.23%. The company’s stock has a 5-day price change of -0.25% and 27.75% over the past three months. AYX shares are trading -0.23% year to date (YTD), with the 12-month market performance down to -6.89% lower. It has a 12-month low price of $27.92 and touched a high of $70.63 over the same period. AYX has an average intraday trading volume of 2.32 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 3.49%, 19.26%, and 16.11% respectively.
Institutional ownership of Alteryx Inc (NYSE: AYX) shares accounts for 83.75% of the company’s 61.62M shares outstanding. Mutual fund holders own 36.46%, while other institutional holders and individual stakeholders account for 58.63% and 14.82% respectively.
It has a market capitalization of $3.40B and a beta (3y monthly) value of 0.56. The earnings-per-share (ttm) stands at -$4.13. Price movements for the stock have been influenced by the stock’s volatility, which stands at 0.34% over the week and 2.34% over the month.
Analysts forecast that Alteryx Inc (AYX) will achieve an EPS of $ASE Technology Holding Co., Ltd for the current quarter, $9.08 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $NCR Voyix Corporation while analysts give the company a high EPS estimate of $Alteryx, Inc.. Comparatively, EPS for the current quarter was $Atlantica Sustainable Infrastru a year ago. EPS should grow at an annualized rate of 1.00% over the next five years, compared to -66.12% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 16 brokerage firm advisors rate Alteryx Inc (AYX) as a “Moderate Buy” at a consensus score of 2.75. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 14 of the 16 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the AYX, a number of firms have released research notes about the stock. Piper Sandler stated their Neutral rating for the stock in a research note on December 15, 2023, with the firm’s price target at $32-$50.
