Zacks: Brokerages Expect Alteryx Inc (AYX) Will Post Quarterly Sales of $57.11 Million

Wall Street analysts forecast that Alteryx Inc (NYSE:AYX) will report sales of $57.11 million for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Alteryx’s earnings. The lowest sales estimate is $56.90 million and the highest is $57.26 million. Alteryx reported sales of $38.59 million during the same quarter last year, which indicates a positive year-over-year growth rate of 48%. The firm is expected to report its next earnings results on Wednesday, February 20th.

On average, analysts expect that Alteryx will report full-year sales of $200.91 million for the current fiscal year, with estimates ranging from $200.70 million to $201.06 million. For the next financial year, analysts forecast that the firm will post sales of $268.74 million, with estimates ranging from $262.38 million to $275.70 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Alteryx.

Alteryx (NYSE:AYX) last released its quarterly earnings results on Wednesday, November 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.13. The firm had revenue of $54.18 million during the quarter, compared to the consensus estimate of $49.79 million. Alteryx had a negative net margin of 6.72% and a negative return on equity of 7.06%. The company’s revenue for the quarter was up 58.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.02 earnings per share.

AYX has been the subject of several analyst reports. Needham & Company LLC raised their price target on shares of Alteryx from $43.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, August 6th. KeyCorp reaffirmed a “buy” rating on shares of Alteryx in a research note on Wednesday, August 8th. JMP Securities raised their price target on shares of Alteryx from $45.00 to $52.00 and gave the company a “market outperform” rating in a research note on Thursday, August 9th. Citigroup raised their price target on shares of Alteryx from $57.00 to $61.00 and gave the company a “buy” rating in a research note on Thursday, August 9th. Finally, DA Davidson raised their price target on shares of Alteryx to $52.00 and gave the company a “neutral” rating in a research note on Thursday, August 9th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $66.45.

In other news, insider Robert Scott Jones sold 1,333 shares of the stock in a transaction on Friday, November 30th. The shares were sold at an average price of $58.16, for a total transaction of $77,527.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Abdiel Capital Management, Llc acquired 90,000 shares of the firm’s stock in a transaction dated Tuesday, October 30th. The shares were purchased at an average price of $47.40 per share, with a total value of $4,266,000.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 194,855 shares of company stock valued at $9,551,233 and have sold 218,167 shares valued at $11,845,984. Corporate insiders own 39.01% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. American International Group Inc. increased its position in shares of Alteryx by 6.4% during the third quarter. American International Group Inc. now owns 19,406 shares of the company’s stock worth $1,110,000 after buying an additional 1,172 shares during the period. Metropolitan Life Insurance Co. NY increased its position in shares of Alteryx by 20.9% during the second quarter. Metropolitan Life Insurance Co. NY now owns 9,182 shares of the company’s stock worth $350,000 after buying an additional 1,585 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Alteryx by 16.4% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 12,710 shares of the company’s stock worth $727,000 after buying an additional 1,788 shares during the period. MetLife Investment Advisors LLC increased its position in shares of Alteryx by 17.6% during the second quarter. MetLife Investment Advisors LLC now owns 12,993 shares of the company’s stock worth $496,000 after buying an additional 1,948 shares during the period. Finally, Bessemer Group Inc. acquired a new stake in shares of Alteryx during the third quarter worth $140,000. Institutional investors own 42.08% of the company’s stock.

Shares of AYX stock traded up $1.82 during trading hours on Monday, hitting $60.18. 828,945 shares of the company’s stock traded hands, compared to its average volume of 1,055,767. The company has a market capitalization of $3.58 billion, a P/E ratio of -194.13 and a beta of 0.99. Alteryx has a 12 month low of $23.95 and a 12 month high of $67.40. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.64 and a current ratio of 2.64.

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. 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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