Alteryx Inc (NYSE: AYX) stock jumped 1.71% on Monday to $39.27 against a previous-day closing price of $38.61. With 1.55 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.23 million shares. The 52-week range on AYX shows that it touched its highest point at $70.63 and its lowest point at $27.92 during that stretch. It currently has a 1-year price target of $47.73. Beta for the stock currently stands at 0.48.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AYX was up-trending over the past week, with a rise of 4.78%, but this was up by 12.39% over a month. Three-month performance surged to 38.27% while six-month performance fell -0.38%. The stock lost -11.03% in the past year, while it has lost -22.50% so far this year. A look at the trailing 12-month EPS for AYX yields -4.13 with Next year EPS estimates of 1.18. EPS is expected to grow by 1.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -66.12%.
Float and Shares Shorts:
At present, 61.62 million AYX shares are outstanding with a float of 60.72 million shares on hand for trading. On Oct 30, 2023, short shares totaled 6.05 million, which was 8.43% higher than short shares on Sep 28, 2023. In addition to AYX as the firm’s Alteryx, Inc., PAYX serves as its Paychex, Inc..
Institutional Ownership:
Through their ownership of 85.78% of AYX’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 59.25% of AYX, in contrast to 36.90% held by mutual funds. Shares owned by individuals account for 15.05%. As the largest shareholder in AYX with 10.26% of the stake, The Vanguard Group, Inc. holds 6,480,587 shares worth 6,480,587. A second-largest stockholder of AYX, Mackenzie Financial Corp., holds 2,975,944 shares, controlling over 4.71% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in AYX, holding 2,900,880 shares or 4.59% stake. With a 2.96% stake in AYX, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 1,866,887 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 2.45% of AYX stock, is the second-largest Mutual Fund holder. It holds 1,546,173 shares valued at 49.49 million. American Funds Small Cap World Fu holds 2.30% of the stake in AYX, owning 1,450,000 shares worth 46.41 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AYX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With AYX analysts setting a high price target of $64.00 and a low target of $32.00, the average target price over the next 12 months is $47.73. Based on these targets, AYX could surge 62.97% to reach the target high and fall by -18.51% to reach the target low. Reaching the average price target will result in a growth of 21.54% from current levels.
Summary of Insider Activity:
Insiders traded AYX stock several times over the past three months with 0 Buys and 6 Sells. In these transactions, 0 shares were bought while 37,202 shares were sold. The number of buy transactions has increased to 18 while that of sell transactions has risen to 30 over the past year. The total number of shares bought during that period was 394,197 while 173,758 shares were sold.
