Alteryx Inc was Downgraded to a Hold Rating at KeyBanc

By Jason Carr

Alteryx Inc (NYSE: AYX) received a Hold rating from KeyBanc analyst Brent Bracelin yesterday. The company’s shares closed yesterday at $38.13, close to its 52-week high of $38.88.

According to TipRanks.com, Bracelin is a top 100 analyst with an average return of 20.0% and a 75.5% success rate. Bracelin covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Tyler Technologies, and CommVault Systems.

Alteryx Inc has an analyst consensus of Moderate Buy, with a price target consensus of $31.50.

Based on Alteryx Inc’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $38.59 million and GAAP net loss of $1.54 million. In comparison, last year the company earned revenue of $24.96 million and had a GAAP net loss of $6.08 million.

Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is negative on the stock.

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Alteryx, Inc. provides platform for strategic analytics. The company offers its services with a single workflow for data blending, analytics, and reporting. Its workflow allows the seamless blending of internal, third party and cloud-based data, and simple analysis using prebuilt tools for spatial and predictive analytics.