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Alteryx, Inc. (AYX)

NYSE - NYSE Delayed Price. Currency in USD
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55.84-1.44 (-2.51%)
At close: 04:00PM EDT
55.77 -0.07 (-0.13%)
After hours: 06:42PM EDT
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  • j
    joe
    Still progressing with extremely low volume.
    My belief is dramatically increased upside volume will make this explode soon. Stay patient and disregard after hours pricing. It’s definitely
    game play.
    Software development is in tune with what public and private sector needs to be competitive and survive in today’s technological market place.
    Bullish
  • M
    MICK
    Buy AYX!
    Bullish
  • T
    Thomas
    Only reason why this is holding up well relatively to market is its low volume.
  • T
    Thomas
    Maybe I'm wrong here but I see a extremely week equity basis, negative cash flow and only about $100m in cash - Imo, they have to raise cash anytime soon.
  • j
    joe
    These recent words will be paid for dearly tomorrow morning.
    “Alteryx a new best idea short at Hedgeye”
    Bullish
  • F
    Fire
    As I said when mark left Paulo Alto Networks to ayx, he didn’t leave a great company to fail at a new one. Has brought people with him, made a perfect acquisition in trifecta and strategically shifted the company to the cloud and to large customers. Very impressive.
  • j
    joe
    Once this hits $70, big wings will take this flight much higher.
    Bullish
  • F
    Fire
    Looks like earnings will be very good.
  • j
    joe
    100+ coming quickly.
    Bullish
  • F
    Fire
    Cruiuuuuushed it!
  • j
    joe
    Hopefully, you jumped aboard ✅
    Bullish
  • j
    joe
    Low volume now but future purchase volume will soon bring pricing much higher.
    Bullish
  • j
    joe
    The best part is still on the horizon, stay patient.
    Bullish
  • D
    DigitalRobberBarons
    I've been in the BI and Analytics space for 24 years and have seen many software platforms. Alteryx looks like a great acquisition target or has potential to grow their market share because their tools actually are easy to use and work well. I'm starting a position at this price and adding if it drops.
  • C
    Chris Usiak
    I believe the risk reward sets up quite well, right here. Between Thursday and Friday, the stock got over a 33% hair cut. Which I believe was extremely over done.

    Looks like analysts agree, as many barely moved their price targets:
    Alteryx price target lowered to $195 from $216 at Goldman Sachs, Buy

    Alteryx price target lowered to $185 from $195 at Piper Sandler, Overweight
    Alteryx price target lowered to $180 from $190 at Oppenheimer, Outperform
    Alteryx price target lowered to $172 from $192 at Needham, Buy

    My reasons for adding:
    1. As noted in article, company always guides very conservative (just like they did the previous quarter, and then beats). So it fully makes sense for them to do so again given we are still in the midst of the pandemic (and even with their conservative forecast as still projecting to grow their revenues). With ARR projected to grow 30%.

    2. They are best in breed in their field with long term multi year/decade secular tailwinds at their back. They used this time to further enhance and build out their APA platform. Which will allow them to hit the ground running as the virus issues get better resolved. This will allow a rapid re-acceleration of revenues. When this occurs their will be little time to get on board (Without missing a quick 25-50% upside). It will not take much to get this, it could simply be in the next quarter a simple comment about an improvement in outlook and conditions in the market and it will be a rocket higher.

    Many people are looking for a "re-opening" stock to buy in anticipation of better news on the virus / vaccine front. I would contend Alteryx is an excellent choice especially after their recent selloff has been largely de-risked. One that offers a potential 100% upside within 12 months, 300 % potential in 24months, both on a stand alone basis (or possible takeout target).
    Bullish
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