Alteryx Insiders Placed Bullish Bets Worth US$4.14m
In the last year, multiple insiders have substantially increased their holdings of Alteryx, Inc. (NYSE:AYX) stock, indicating that insiders' optimism about the company's prospects has increased.
Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.
Check out our latest analysis for Alteryx
The Last 12 Months Of Insider Transactions At Alteryx
Over the last year, we can see that the biggest insider purchase was by Co-Founder & Executive Chairman Dean Stoecker for US$2.0m worth of shares, at about US$47.90 per share. So it's clear an insider wanted to buy, at around the current price, which is US$48.24. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Alteryx insiders decided to buy shares at close to current prices.
Over the last year, we can see that insiders have bought 86.66k shares worth US$4.1m. But insiders sold 1.00k shares worth US$43k. Overall, Alteryx insiders were net buyers during the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Alteryx is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Alteryx Insiders Bought Stock Recently
Over the last three months, we've seen significant insider buying at Alteryx. Overall, two insiders shelled out US$4.1m for shares in the company -- and none sold. This makes one think the business has some good points.
Does Alteryx Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Alteryx insiders own 11% of the company, worth about US$399m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Does This Data Suggest About Alteryx Insiders?
The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Alteryx. Looks promising! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Alteryx. Our analysis shows 3 warning signs for Alteryx (1 doesn't sit too well with us!) and we strongly recommend you look at these before investing.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
