Alteryx (AYX) Received its Third Buy in a Row

After Oppenheimer and Merrill Lynch gave Alteryx (NYSE: AYX) a Buy rating last month, the company received another Buy, this time from Rosenblatt Securities. Analyst Blair Abernethy maintained a Buy rating on Alteryx yesterday. The company’s shares closed last Friday at $112.41.

According to, Abernethy is a 4-star analyst with an average return of 16.3% and a 73.0% success rate. Abernethy covers the Technology sector, focusing on stocks such as Sumo Logic, Dynatrace, and Snowflake.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Alteryx with a $147.67 average price target, which is a 31.1% upside from current levels. In a report issued on February 9, Oppenheimer also maintained a Buy rating on the stock with a $180.00 price target.

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Alteryx’s market cap is currently $7.52B and has a P/E ratio of -293.70. The company has a Price to Book ratio of 17.62.

Based on the recent corporate insider activity of 100 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AYX in relation to earlier this year.

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Alteryx, Inc. engages in the provision of self-service data analytics software. Its subscription-based platform allows organizations to prepare, blend, and analyze data from a multitude of sources and benefit from data-driven decisions. The company was founded by Dean A. Stoecker, Olivia Duane-Adams, and Edward P. Harding, Jr. in March 1997 and is headquartered in Irvine, CA.

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