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 2.62% to 5.53 million shares with purchase of 0.14 million shares. This fresh investment now brings its stake to 8.97% valued currently at $227.3 million. In addition, Susquehanna Financial Group LLLP raised its holdings by 2.83 million to 2.84 million shares. And BlackRock Fund Advisors has lifted its position by 0.11% or 2971.0 shares – to 2.63 million shares.
With over 1.25 million Alteryx Inc. (AYX) shares trading Tuesday and a closing price of $38.60 on the day, the dollar volume was approximately $48.25 million. The shares have shown a negative half year performance of -12.67% and its price on 05/23/23 lost nearly -2.08%. Currently, there are 69.87M common shares owned by the public and among those 60.36M 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: 18 analysts who have offered their price forecasts for AYX have a consensus price objective of $66.13. The analysts have set the share’s price value over the next 12 months at a high of $95.00 and a low of $55.00. The average price target is 42.33% above its recent price level and an upside to the estimated low will see the stock gain 29.82% over that period. But an upside of 59.37% will see the stock hit the forecast high price target while median target price for the stock is $65.00.
Insiders at the company have transacted a total of 57 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 28 of these insider trades were purchases, accounting for 633,809 shares. Insider sales of the common stock occurred on 29 occasions, with total insider shares sold totaling 158,681 shares.
The top 3 mutual fund holders in Alteryx Inc. are American Funds Small Cap World Fu, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund. American Funds Small Cap World Fu owns 1.86 million shares of the company’s stock, all valued at over $76.55 million. The company sold -0.94 million shares recently to bring their total holdings to about 3.02% of the shares outstanding. Vanguard Total Stock Market ETF bought 27013.0 shares to see its total holdings expand to 1.81 million shares valued at over $74.45 million and representing 2.94% of the shares outstanding. Vanguard Small Cap Index Fund bought 16754.0 shares to bring its total holdings to over 1.53 million shares at a value of $63.02 million. Vanguard Small Cap Index Fund now owns shares totaling to 2.49% of the shares outstanding.
Shares of Alteryx Inc. (NYSE: AYX) opened at $39.13, down -$0.29 from a prior closing price of $39.42. However, the script later moved the day high at 39.95, down -2.08%. The company’s stock has a 5-day price change of 6.45% and -42.38% over the past three months. AYX shares are trading -23.82% year to date (YTD), with the 12-month market performance down to -30.65% lower. It has a 12-month low price of $34.70 and touched a high of $70.63 over the same period. AYX has an average intraday trading volume of 1.52 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 -1.39%, -20.95%, and -28.20% respectively.
Institutional ownership of Alteryx Inc. (NYSE: AYX) shares accounts for 86.40% of the company’s 69.87M shares outstanding. Mutual fund holders own 37.28%, while other institutional holders and individual stakeholders account for 47.79% and 15.56% respectively.
It has a market capitalization of $2.76B and a beta (3y monthly) value of 0.50. The earnings-per-share (ttm) stands at -$4.38. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.90% over the week and 4.38% over the month.
Analysts forecast that Alteryx Inc. (AYX) will achieve an EPS of -$0.66 for the current quarter, $0.09 for the next quarter and $1.09 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.69 while analysts give the company a high EPS estimate of -$0.65. Comparatively, EPS for the current quarter was -$0.46 a year ago. Earnings per share for the fiscal year are expected to decrease by -73.80%, and 60.09% over the next financial year. EPS should shrink at an annualized rate of 1.00% over the next five years, compared to 98.39% over the past 5-year period.
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