Brokerages Anticipate Alteryx Inc (NYSE:AYX) Will Post Quarterly Sales of $93.73 Million

Equities analysts predict that Alteryx Inc (NYSE:AYX) will report $93.73 million in sales for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Alteryx’s earnings. The highest sales estimate is $96.00 million and the lowest is $92.51 million. Alteryx posted sales of $82.04 million during the same quarter last year, which suggests a positive year-over-year growth rate of 14.2%. The business is expected to announce its next quarterly earnings report on Wednesday, July 29th.

On average, analysts expect that Alteryx will report full year sales of $494.33 million for the current fiscal year, with estimates ranging from $482.10 million to $517.70 million. For the next year, analysts expect that the company will post sales of $640.90 million, with estimates ranging from $611.00 million to $668.90 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Alteryx.

Alteryx (NYSE:AYX) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.01). The business had revenue of $108.80 million during the quarter, compared to analyst estimates of $105.64 million. Alteryx had a net margin of 1.28% and a return on equity of 7.04%. The business’s revenue for the quarter was up 43.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.04 EPS.

A number of equities analysts have issued reports on AYX shares. DA Davidson cut their price objective on shares of Alteryx from $145.00 to $110.00 and set a “neutral” rating on the stock in a report on Thursday, May 7th. JPMorgan Chase & Co. downgraded shares of Alteryx from a “neutral” rating to an “underweight” rating and set a $88.00 price objective on the stock. in a report on Thursday, April 23rd. Needham & Company LLC lifted their price objective on shares of Alteryx from $140.00 to $164.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Wedbush cut their price objective on shares of Alteryx from $146.00 to $138.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Finally, Cowen cut their price target on shares of Alteryx from $145.00 to $135.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $137.07.

In related news, Director Kimberly Alexy sold 464 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $121.25, for a total value of $56,260.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Christopher M. Lal sold 5,840 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $142.21, for a total value of $830,506.40. The disclosure for this sale can be found here. Insiders sold a total of 160,689 shares of company stock worth $20,026,744 over the last 90 days. 13.58% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in AYX. Cambridge Investment Research Advisors Inc. increased its position in shares of Alteryx by 17.8% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 2,741 shares of the company’s stock valued at $274,000 after buying an additional 414 shares during the period. Rhumbline Advisers increased its position in shares of Alteryx by 2.5% during the fourth quarter. Rhumbline Advisers now owns 44,430 shares of the company’s stock valued at $4,446,000 after buying an additional 1,067 shares during the period. Swiss National Bank increased its position in shares of Alteryx by 13.9% during the fourth quarter. Swiss National Bank now owns 94,800 shares of the company’s stock valued at $9,487,000 after buying an additional 11,600 shares during the period. State Street Corp increased its position in shares of Alteryx by 1.1% during the fourth quarter. State Street Corp now owns 639,426 shares of the company’s stock valued at $63,987,000 after buying an additional 7,174 shares during the period. Finally, Sowell Financial Services LLC increased its position in shares of Alteryx by 590.6% during the fourth quarter. Sowell Financial Services LLC now owns 587 shares of the company’s stock valued at $59,000 after buying an additional 502 shares during the period. Hedge funds and other institutional investors own 73.68% of the company’s stock.

AYX traded down $1.83 during mid-day trading on Friday, reaching $162.42. 1,457,356 shares of the stock were exchanged, compared to its average volume of 1,449,420. The company has a debt-to-equity ratio of 1.59, a quick ratio of 4.11 and a current ratio of 4.11. The stock has a market capitalization of $10.71 billion, a PE ratio of 3,248.40 and a beta of 1.41. The company has a 50 day moving average price of $142.13 and a two-hundred day moving average price of $123.18. Alteryx has a 1 year low of $75.17 and a 1 year high of $168.56.

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, 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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