Zacks: Analysts Expect Alteryx Inc (AYX) Will Post Quarterly Sales of $35.86 Million

Brokerages expect that Alteryx Inc (NYSE:AYX) will report $35.86 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Alteryx’s earnings, with the highest sales estimate coming in at $36.00 million and the lowest estimate coming in at $35.80 million. The firm is expected to report its next quarterly earnings report after the market closes on Wednesday, February 21st.

According to Zacks, analysts expect that Alteryx will report full-year sales of $35.86 million for the current year, with estimates ranging from $128.80 million to $129.01 million. For the next financial year, analysts forecast that the company will report sales of $174.76 million per share, with estimates ranging from $168.70 million to $178.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Alteryx.

Alteryx (NYSE:AYX) last issued its quarterly earnings data on Thursday, November 9th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.10. Alteryx had a negative net margin of 18.68% and a negative return on equity of 19.62%. The firm had revenue of $34.16 million during the quarter, compared to the consensus estimate of $32.06 million. During the same quarter in the previous year, the firm posted ($0.07) EPS. The company’s revenue for the quarter was up 52.1% compared to the same quarter last year.

A number of brokerages have recently issued reports on AYX. KeyCorp reissued an “overweight” rating and set a $29.00 price objective (up previously from $24.00) on shares of Alteryx in a research report on Thursday, November 9th. Zacks Investment Research downgraded shares of Alteryx from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. Bank of America began coverage on shares of Alteryx in a research report on Monday, October 16th. They set a “buy” rating and a $26.00 price objective for the company. Finally, Goldman Sachs Group downgraded shares of Alteryx from a “buy” rating to a “neutral” rating and set a $29.00 price objective for the company. in a research report on Wednesday, January 31st. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Alteryx has an average rating of “Buy” and a consensus target price of $23.40.

Shares of Alteryx (NYSE AYX) opened at $25.54 on Monday. Alteryx has a 1 year low of $14.61 and a 1 year high of $31.60.

In related news, CEO Dean Stoecker sold 20,000 shares of the company’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $25.87, for a total value of $517,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Qualified Master Fund L. Abdiel bought 75,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The stock was purchased at an average cost of $25.54 per share, with a total value of $1,915,500.00. The disclosure for this purchase can be found here. Insiders sold a total of 241,470 shares of company stock valued at $6,306,932 in the last ninety days.

Hedge funds have recently made changes to their positions in the business. Nationwide Fund Advisors purchased a new stake in Alteryx in the 2nd quarter worth $100,000. The Manufacturers Life Insurance Company lifted its stake in Alteryx by 685.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,853 shares of the company’s stock worth $154,000 after purchasing an additional 6,853 shares in the last quarter. New York State Common Retirement Fund purchased a new stake in Alteryx in the 2nd quarter worth $187,000. Invictus RG purchased a new stake in Alteryx in the 3rd quarter worth $202,000. Finally, Rhumbline Advisers purchased a new stake in Alteryx in the 2nd quarter worth $195,000. Institutional investors and hedge funds own 28.21% of the company’s stock.

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Alteryx Company Profile

Alteryx, Inc is a United States-based provider of self-service data analytics software. The Company offers various products, such as Alteryx Designer, Alteryx Server and Alteryx Analytics Gallery. Alteryx Designer is a repeatable workflow for self-service data analytics. Alteryx Designer allows data analysts by combining data preparation, data blending, and analytics-predictive, statistical and spatial-using the same user interface.

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