The decline in Alteryx Inc. (AYX) stock price is a huge buying opportunity

Alteryx Inc. (NYSE: AYX) is -8.73% lower on its value in year-to-date trading and has touched a low of $75.17 and a high of $185.75 in the current 52-week trading range. The AYX stock was last observed hovering at around $121.79 in the last trading session, with the day’s loss setting it -10.63% off its average median price target of $151.00 for the next 12 months. It is also 39.91% off the consensus price target high of $185.00 offered by 17 analysts, but current levels are -13.43% lower than the price target low of $98.00 for the same period.

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Currently trading at $111.16, the stock is -9.57% and -9.50% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.28 million and changing -8.73% at the moment leaves the stock -13.88% off its SMA200. AYX registered 4.05% gain for a year compared to 6-month loss of -35.25%. The firm has a 50-day simple moving average (SMA 50) of $120.06 and a 200-day simple moving average (SMA200) of $133.17.

The stock witnessed a -6.04% gain in the last 1 month and extending the period to 3 months gives it a -1.71%, and is -13.79% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.21% over the week and 3.63% over the month.

Alteryx Inc. (AYX) has around 1176 employees, a market worth around $7.52B and $491.20M in sales. Fwd P/E is 146.84. Profit margin for the company is -3.20%. Distance from 52-week low is 47.88% and -40.16% from its 52-week high. The company has generated returns on investments over the last 12 months (3.40%).

Alteryx Inc. (AYX) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Alteryx Inc. (AYX) is a “Overweight”. 17 analysts offering their recommendations for the stock have an average rating of 2.20, where 6 rate it as a Hold and 0 think it is a “Overweight”. 10 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

Alteryx Inc. is expected to release its quarterly report on 05/12/2021 and quarterly earnings per share for the current quarter are estimated at $0.3 with sales reaching $149.26M over the same period.The EPS is expected to shrink by -8.70% this year, but quarterly earnings will post 15.80% year-over-year. Quarterly sales are estimated to shrink -4.60% in year-over-year returns.

Alteryx Inc. (AYX) Top Institutional Holders

490 institutions hold shares in Alteryx Inc. (AYX), with 570.62k shares held by insiders accounting for 0.86% while institutional investors hold 94.94% of the company’s shares. The shares outstanding are 66.27M, and float is at 53.56M with Short Float at 9.88%. Institutions hold 94.13% of the Float.

The top institutional shareholder in the company is Capital World Investors with over 4.6 million shares valued at $522.51 million. The investor’s holdings represent 8.51% of the AYX Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 4.45 million shares valued at $505.33 million to account for 8.23% of the shares outstanding. The other top investors are Brown Capital Management, Inc. which holds 3.83 million shares representing 7.08% and valued at over $434.39 million, while Capital Research Global Investors holds 5.71% of the shares totaling 3.09 million with a market value of $350.54 million.

Alteryx Inc. (AYX) Insider Activity

The most recent transaction is an insider sale by Jones Robert Scott, the company’s Pres. & Chief Revenue Officer. SEC filings show that Jones Robert Scott sold 4,167 shares of the company’s common stock on Dec 30 at a price of $123.04 per share for a total of $0.51 million. Following the sale, the insider now owns 39412.0 shares.

Alteryx Inc. disclosed in a document filed with the SEC on Dec 29 that Stoecker Dean (Director) sold a total of 7,500 shares of the company’s common stock. The trade occurred on Dec 29 and was made at $122.68 per share for $0.92 million. Following the transaction, the insider now directly holds 42500.0 shares of the AYX stock.

Still, SEC filings show that on Dec 28, Stoecker Dean (Director) disposed off 7,500 shares at an average price of $126.26 for $0.95 million. The insider now directly holds 50,000 shares of Alteryx Inc. (AYX).

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Alteryx Inc. (AYX): Who are the competitors?

The company’s main competitors (and peers) include Open Text Corporation (OTEX) that is 2.81% higher over the past 12 months. Palo Alto Networks Inc. (PANW) is 48.49% up on the 1-year trading charts. Short interest in the company’s stock has fallen -31.57% from the last report on Nov 12, 2020 to stand at a total of 6.96 million short shares sold with a short interest ratio of 3.63.

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