Piper Sandler gives a Neutral recommendation for Alteryx Inc (AYX)

Alteryx Inc’s filing revealed that its Director Stoecker Dean acquired Company’s shares for reported $1.66 million on Feb 01. In the deal valued at $47.46 per share,35,000 shares were bought. As a result of this transaction, Stoecker Dean now holds 60,000 shares worth roughly $2.87 million.

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Then, Natali Chris sold 1,000 shares, generating $43,310 in total proceeds. Upon selling the shares at $43.31, the Chief Accounting Officer now owns 40,464 shares.

Before that, Schloss Eileen sold 4,500 shares. Alteryx Inc shares valued at $294,615 were divested by the Director at a price of $65.47 per share. As a result of the transaction, Schloss Eileen now holds 6,715 shares, worth roughly $0.32 million.

Piper Sandler upgraded its Alteryx Inc [AYX] rating to a Neutral from a an Underweight in a research note published on Tuesday, December 15, 2023; the price target was increased to $50 from $32.

Price Performance Review of AYX

On Tuesday, Alteryx Inc [NYSE:AYX] saw its stock fall -0.13% to $47.76. Over the last five days, the stock has gained 0.21%. Alteryx Inc shares have risen nearly 1.27% since the year began. Nevertheless, the stocks have fallen -24.09% over the past one year. While a 52-week high of $70.63 was reached on 02/12/24, a 52-week low of $27.92 was recorded on 01/02/24. SMA at 50 days reached $46.63, while 200 days put it at $39.44. A total of 1.1 million shares were traded, compared to the trading of 1.75 million shares in the previous session.

Levels Of Support And Resistance For AYX Stock

The 24-hour chart illustrates a support level at 47.70, which if violated will result in even more drops to 47.65. On the upside, there is a resistance level at 47.83. A further resistance level may holdings at 47.91. The Relative Strength Index (RSI) on the 14-day chart is 72.13, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 20.00%. Stochastics %K at 85.44% indicates the stock is a selling.

How much short interest is there in Alteryx Inc?

A steep rise in short interest was recorded in Alteryx Inc stocks on Jan 31, 2024, dropping by -1.93 million shares to a total of 3.83 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 5.76 million shares. There was a decline of -50.39%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 6.08% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.53.

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