Brokerages forecast that Alteryx Inc (NYSE:AYX) will post sales of $71.14 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Alteryx’s earnings, with the lowest sales estimate coming in at $70.43 million and the highest estimate coming in at $74.00 million. Alteryx posted sales of $42.82 million in the same quarter last year, which suggests a positive year over year growth rate of 66.1%. The business is expected to report its next quarterly earnings report after the market closes on Wednesday, May 1st.
According to Zacks, analysts expect that Alteryx will report full year sales of $349.38 million for the current financial year, with estimates ranging from $347.50 million to $358.30 million. For the next year, analysts expect that the business will post sales of $456.45 million, with estimates ranging from $441.00 million to $472.40 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Alteryx.
Alteryx (NYSE:AYX) last posted its earnings results on Wednesday, February 27th. The company reported ($0.08) EPS for the quarter, hitting analysts’ consensus estimates of ($0.08). Alteryx had a negative return on equity of 7.39% and a negative net margin of 8.74%. The company had revenue of $60.50 million for the quarter, compared to the consensus estimate of $57.59 million. During the same period in the previous year, the business earned $0.02 earnings per share. The firm’s revenue for the quarter was up 56.7% on a year-over-year basis.
AYX has been the topic of several analyst reports. Bank of America reaffirmed a “buy” rating and set a $90.00 price target (up previously from $72.00) on shares of Alteryx in a research note on Thursday, February 28th. Wedbush lowered shares of Alteryx from an “outperform” rating to a “neutral” rating and set a $68.75 price objective for the company. in a report on Monday, February 11th. They noted that the move was a valuation call. DA Davidson raised their price objective on shares of Alteryx to $74.00 and gave the stock a “neutral” rating in a report on Thursday, February 28th. They noted that the move was a valuation call. Raymond James lowered shares of Alteryx from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 29th. They noted that the move was a valuation call. Finally, TheStreet lowered shares of Alteryx from a “c” rating to a “d+” rating in a report on Thursday, February 28th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $78.17.
In related news, insider Robert Scott Jones sold 1,599 shares of the stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $82.23, for a total value of $131,485.77. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Christopher M. Lal sold 13,002 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $85.00, for a total transaction of $1,105,170.00. The disclosure for this sale can be found here. Insiders sold a total of 1,410,949 shares of company stock worth $96,146,869 over the last quarter. Insiders own 39.01% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Morgan Stanley grew its stake in shares of Alteryx by 105.1% during the 3rd quarter. Morgan Stanley now owns 249,698 shares of the company’s stock worth $14,285,000 after acquiring an additional 127,927 shares in the last quarter. Federated Investors Inc. PA lifted its stake in Alteryx by 11.8% in the third quarter. Federated Investors Inc. PA now owns 335,406 shares of the company’s stock valued at $19,189,000 after buying an additional 35,406 shares during the period. Jane Street Group LLC acquired a new position in Alteryx in the third quarter valued at approximately $452,000. Rehmann Capital Advisory Group raised its position in shares of Alteryx by 5,621.0% during the third quarter. Rehmann Capital Advisory Group now owns 11,442 shares of the company’s stock worth $200,000 after purchasing an additional 11,242 shares during the period. Finally, LPL Financial LLC acquired a new position in shares of Alteryx during the third quarter worth approximately $224,000. Institutional investors and hedge funds own 57.42% of the company’s stock.
Alteryx stock traded up $0.04 during midday trading on Friday, hitting $84.48. 259,932 shares of the stock were exchanged, compared to its average volume of 1,087,690. Alteryx has a 1 year low of $30.45 and a 1 year high of $86.19. The company has a market capitalization of $5.22 billion, a price-to-earnings ratio of -422.40, a price-to-earnings-growth ratio of 98.19 and a beta of 1.08. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.71 and a quick ratio of 3.71.
Alteryx, Inc operates a self-service data analytics software platform that enables organizations to enhance business outcomes and the productivity of their business analysts. Its software platform includes Alteryx Designer for data preparation, blending, and analytics that could be deployable in the cloud and on premise; Alteryx Server, a secure and scalable server-based product for scheduling, sharing, and running analytic processes and applications in a Web-based environment; Alteryx Connect, a collaborative data exploration platform for discovering information assets and sharing recommendations across the enterprise; Alteryx Promote, an analytics model management product for data scientists and analytics teams to build, manage, monitor, and deploy predictive models to production; and Alteryx Analytics Gallery, a cloud-based collaboration offering that allows users to share workflows in a centralized repository.
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