Alteryx (AYX) Expected to Post Earnings of -$0.07 Per Share

Equities analysts expect that Alteryx (NYSE:AYX) will announce earnings of ($0.07) per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Alteryx’s earnings. The lowest EPS estimate is ($0.07) and the highest is ($0.06). Alteryx posted earnings of ($0.08) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.5%. The firm is scheduled to announce its next earnings results on Wednesday, May 9th.

On average, analysts expect that Alteryx will report full-year earnings of ($0.26) per share for the current financial year, with EPS estimates ranging from ($0.28) to ($0.24). For the next fiscal year, analysts forecast that the business will report earnings of ($0.14) per share, with EPS estimates ranging from ($0.23) to ($0.06). Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Alteryx.

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Alteryx (NYSE:AYX) last posted its earnings results on Wednesday, February 21st. The company reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.05. The business had revenue of $38.60 million during the quarter, compared to analyst estimates of $35.89 million. Alteryx had a negative return on equity of 8.51% and a negative net margin of 13.30%. The company’s quarterly revenue was up 54.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.11) EPS.

A number of research firms have weighed in on AYX. Zacks Investment Research raised Alteryx from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Tuesday, January 9th. KeyCorp reissued a “sector weight” rating on shares of Alteryx in a report on Wednesday, March 14th. Goldman Sachs lowered Alteryx from a “buy” rating to a “neutral” rating and set a $29.00 price objective for the company. in a report on Wednesday, January 31st. Cowen reissued an “outperform” rating and set a $34.00 price objective (up previously from $29.00) on shares of Alteryx in a report on Thursday, February 22nd. Finally, Bank of America boosted their price objective on Alteryx from $28.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $25.80.

AYX stock opened at $34.30 on Friday. Alteryx has a twelve month low of $14.79 and a twelve month high of $38.88.

In other Alteryx news, CEO Dean Stoecker sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $28.16, for a total value of $563,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CRO Robert Scott Jones sold 40,226 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $33.88, for a total value of $1,362,856.88. The disclosure for this sale can be found here. Insiders have sold 309,552 shares of company stock valued at $10,309,587 in the last three months.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Abdiel Capital Advisors LP boosted its stake in Alteryx by 1.9% in the fourth quarter. Abdiel Capital Advisors LP now owns 4,001,344 shares of the company’s stock worth $101,114,000 after buying an additional 75,000 shares in the last quarter. BlackRock Inc. boosted its stake in Alteryx by 92.0% in the fourth quarter. BlackRock Inc. now owns 1,329,504 shares of the company’s stock worth $33,596,000 after buying an additional 636,948 shares in the last quarter. Keenan Capital LLC purchased a new stake in Alteryx in the fourth quarter worth approximately $23,726,000. Millennium Management LLC boosted its stake in Alteryx by 9.8% in the fourth quarter. Millennium Management LLC now owns 349,792 shares of the company’s stock worth $8,839,000 after buying an additional 31,185 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Alteryx by 76.8% in the fourth quarter. Renaissance Technologies LLC now owns 332,898 shares of the company’s stock worth $8,412,000 after buying an additional 144,598 shares in the last quarter. 33.12% of the stock is owned by institutional investors and hedge funds.

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About Alteryx

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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