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Alteryx (AYX) Receives a Buy from William Blair

In a report released today, Kamil Mielczarek from William Blair maintained a Buy rating on Alteryx (AYXResearch Report). The company’s shares closed last Tuesday at $71.91, close to its 52-week low of $66.66.

According to TipRanks.com, Mielczarek is a 2-star analyst with an average return of 4.9% and a 55.6% success rate. Mielczarek covers the Technology sector, focusing on stocks such as Palantir Technologies, Microstrategy, and Sumo Logic.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alteryx with a $110.33 average price target.

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Based on Alteryx’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $120 million and GAAP net loss of $43.44 million. In comparison, last year the company earned revenue of $96.23 million and had a GAAP net loss of $35.29 million.

Based on the recent corporate insider activity of 77 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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