$90.34 Million in Sales Expected for Alteryx Inc (NYSE:AYX) This Quarter

Equities analysts expect that Alteryx Inc (NYSE:AYX) will announce sales of $90.34 million for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Alteryx’s earnings, with the lowest sales estimate coming in at $89.38 million and the highest estimate coming in at $93.90 million. Alteryx posted sales of $54.18 million during the same quarter last year, which would indicate a positive year over year growth rate of 66.7%. The business is scheduled to issue its next earnings report on Wednesday, November 6th.

According to Zacks, analysts expect that Alteryx will report full-year sales of $374.39 million for the current fiscal year, with estimates ranging from $372.26 million to $382.10 million. For the next financial year, analysts forecast that the firm will post sales of $493.92 million, with estimates ranging from $472.84 million to $531.00 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Alteryx.

Alteryx (NYSE:AYX) last posted its quarterly earnings data on Wednesday, July 31st. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.09. Alteryx had a negative net margin of 1.71% and a negative return on equity of 1.93%. The firm had revenue of $82.04 million for the quarter, compared to analyst estimates of $76.60 million. During the same period last year, the firm posted ($0.09) EPS. Alteryx’s quarterly revenue was up 59.3% on a year-over-year basis.

AYX has been the topic of a number of research analyst reports. KeyCorp raised their price target on Alteryx from $123.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. William Blair reiterated an “outperform” rating on shares of Alteryx in a research report on Wednesday, July 31st. Wedbush boosted their target price on Alteryx from $93.00 to $123.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Bank of America lifted their price objective on Alteryx from $126.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, ValuEngine cut Alteryx from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Alteryx has a consensus rating of “Buy” and a consensus price target of $120.16.

NYSE AYX traded up $0.24 during trading hours on Friday, hitting $118.20. The company had a trading volume of 30,284 shares, compared to its average volume of 1,712,526. The firm has a market cap of $7.36 billion, a P/E ratio of -590.75, a price-to-earnings-growth ratio of 44.36 and a beta of 1.14. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.09. Alteryx has a fifty-two week low of $42.23 and a fifty-two week high of $147.79. The business has a fifty day simple moving average of $131.62 and a 200-day simple moving average of $103.24.

In other Alteryx news, CFO Kevin Rubin sold 13,000 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $135.75, for a total value of $1,764,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher M. Lal sold 5,840 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $141.90, for a total transaction of $828,696.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 145,698 shares of company stock worth $18,816,004. 19.82% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of AYX. Strs Ohio grew its position in Alteryx by 141.9% in the 2nd quarter. Strs Ohio now owns 1,693 shares of the company’s stock valued at $184,000 after buying an additional 993 shares during the last quarter. Aperio Group LLC acquired a new stake in shares of Alteryx in the 2nd quarter valued at about $156,000. AlpInvest Partners B.V. boosted its stake in Alteryx by 76.9% during the 2nd quarter. AlpInvest Partners B.V. now owns 116,799 shares of the company’s stock valued at $12,745,000 after purchasing an additional 50,777 shares during the last quarter. AE Wealth Management LLC acquired a new position in Alteryx during the 2nd quarter valued at about $218,000. Finally, Corvex Management LP purchased a new position in shares of Alteryx in the 2nd quarter worth approximately $35,791,000. Institutional investors and hedge funds own 69.77% of the company’s stock.

Alteryx Company Profile

Alteryx, Inc operates a self-service data analytics software platform that enables organizations to enhance business outcomes and the productivity of their business analysts, data scientists, and citizen data scientists worldwide. Its software platform includes Alteryx Designer, a data profiling, preparation, blending, and analytics product used to create visual workflows or analytic processes; Alteryx Server, a 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; and Alteryx Promote, an analytics model management product for data scientists and analytics teams to build, manage, monitor, and deploy predictive models into real-time production applications.

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