Alteryx (AYX) Issues Q3 Earnings Guidance

Alteryx (NYSE:AYX) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided EPS guidance of ($0.06-0.04) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.05). The company issued revenue guidance of $49-50 million, compared to the consensus revenue estimate of $46.86 million.Alteryx also updated its FY18 guidance to ($0.27-0.24) EPS.

NYSE AYX traded up $1.75 during trading hours on Wednesday, hitting $47.80. The company’s stock had a trading volume of 2,530,787 shares, compared to its average volume of 759,466. Alteryx has a twelve month low of $18.64 and a twelve month high of $47.82. The firm has a market capitalization of $2.60 billion, a P/E ratio of -154.19 and a beta of -0.90.

Alteryx (NYSE:AYX) last announced its quarterly earnings data on Wednesday, May 9th. The company reported ($0.01) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.06. Alteryx had a negative net margin of 11.67% and a negative return on equity of 8.69%. The business had revenue of $42.82 million for the quarter, compared to analyst estimates of $39.86 million. During the same period in the prior year, the business posted ($0.08) earnings per share. Alteryx’s revenue was up 50.0% compared to the same quarter last year. equities research analysts anticipate that Alteryx will post -0.43 earnings per share for the current fiscal year.

Several equities analysts recently weighed in on AYX shares. Rosenblatt Securities started coverage on shares of Alteryx in a report on Monday, July 9th. They issued a buy rating on the stock. Citigroup started coverage on shares of Alteryx in a report on Thursday, June 28th. They issued a buy rating and a $57.00 price objective on the stock. ValuEngine upgraded shares of Alteryx from a hold rating to a buy rating in a report on Wednesday, May 2nd. Needham & Company LLC initiated coverage on shares of Alteryx in a research note on Tuesday, April 10th. They issued a buy rating and a $39.00 target price for the company. Finally, KeyCorp reaffirmed a hold rating on shares of Alteryx in a research note on Wednesday, May 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $42.40.

In other news, major shareholder Qualified Master Fund L. Abdiel bought 190,000 shares of the stock in a transaction on Friday, May 18th. The stock was purchased at an average price of $31.98 per share, with a total value of $6,076,200.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Dean Stoecker sold 20,000 shares of the stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $32.08, for a total transaction of $641,600.00. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 620,000 shares of company stock valued at $21,349,000 and sold 256,780 shares valued at $9,793,171. 39.01% of the stock is currently owned by corporate insiders.

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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