Stock Traders Buy Large Volume of Put Options on Alteryx (NYSE:AYX)

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Alteryx, Inc. (NYSE:AYX) was the target of some unusual options trading activity on Wednesday. Stock traders acquired 13,108 put options on the stock. This is an increase of 764% compared to the typical volume of 1,518 put options.

Several research firms recently weighed in on AYX. Zacks Investment Research cut shares of Alteryx from a “hold” rating to a “sell” rating in a research note on Wednesday, November 11th. Rosenblatt Securities reduced their price objective on shares of Alteryx from $150.00 to $145.00 and set a “buy” rating for the company in a research report on Wednesday. Cowen reduced their price objective on shares of Alteryx from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Tuesday, January 5th. Loop Capital reduced their price objective on shares of Alteryx from $140.00 to $110.00 in a research report on Tuesday, January 5th. Finally, Truist initiated coverage on shares of Alteryx in a research report on Wednesday, January 20th. They set a “buy” rating and a $150.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $153.27.

AYX stock traded up $0.93 during midday trading on Thursday, reaching $117.29. The company had a trading volume of 39,955 shares, compared to its average volume of 1,558,091. The company has a market capitalization of $7.81 billion, a price-to-earnings ratio of -430.96, a price-to-earnings-growth ratio of 87.28 and a beta of 0.85. The stock has a 50 day moving average price of $123.64 and a 200-day moving average price of $124.58. Alteryx has a 1-year low of $75.17 and a 1-year high of $185.75. The company has a debt-to-equity ratio of 1.49, a current ratio of 4.03 and a quick ratio of 4.03.

Alteryx (NYSE:AYX) last posted its quarterly earnings results on Monday, February 8th. The company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.46. Alteryx had a positive return on equity of 3.27% and a negative net margin of 3.20%. As a group, research analysts anticipate that Alteryx will post -0.1 earnings per share for the current year.

In related news, insider Christopher M. Lal sold 320 shares of the firm’s stock in a transaction on Friday, November 27th. The shares were sold at an average price of $120.00, for a total value of $38,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dean Stoecker sold 7,500 shares of the firm’s stock in a transaction on Wednesday, February 3rd. The shares were sold at an average price of $128.57, for a total transaction of $964,275.00. The disclosure for this sale can be found here. Insiders sold 2,283,471 shares of company stock valued at $261,174,162 over the last three months. 13.58% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Lakeview Capital Partners LLC raised its stake in Alteryx by 4.6% during the third quarter. Lakeview Capital Partners LLC now owns 2,044 shares of the company’s stock worth $232,000 after acquiring an additional 89 shares in the last quarter. Spearhead Capital Advisors LLC raised its stake in Alteryx by 6.1% during the third quarter. Spearhead Capital Advisors LLC now owns 1,800 shares of the company’s stock worth $204,000 after acquiring an additional 104 shares in the last quarter. Vigilare Wealth Management raised its stake in Alteryx by 4.3% during the third quarter. Vigilare Wealth Management now owns 2,521 shares of the company’s stock worth $286,000 after acquiring an additional 105 shares in the last quarter. Congress Asset Management Co. MA increased its stake in shares of Alteryx by 1.6% in the fourth quarter. Congress Asset Management Co. MA now owns 7,472 shares of the company’s stock valued at $910,000 after buying an additional 115 shares during the period. Finally, Aperio Group LLC increased its stake in shares of Alteryx by 1.9% in the third quarter. Aperio Group LLC now owns 7,476 shares of the company’s stock valued at $849,000 after buying an additional 140 shares during the period. 75.06% of the stock is owned by hedge funds and other institutional investors.

About Alteryx

Alteryx, Inc provides end-to-end analytics platform for data analysts and scientists worldwide. Its software platform includes Alteryx Designer, a data profiling, preparation, blending, and analytics product used to create visual workflows or analytic processes; Alteryx Server, a server-based product for scheduling, sharing, and running analytic processes and applications in a Web-based environment; Alteryx Connect, a collaborative data exploration platform for discovering information assets and sharing recommendations across the enterprise; and Alteryx Promote, an analytics model management product for data scientists and analytics teams to build, manage, monitor, and deploy predictive models into real-time production applications.

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