Alteryx (AYX) Posts Earnings Results, Beats Estimates By $0.14 EPS

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Alteryx (NYSE:AYX) released its quarterly earnings results on Wednesday. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.14, Morningstar.com reports. Alteryx had a negative return on equity of 7.39% and a negative net margin of 8.74%. The business had revenue of $76.02 million during the quarter, compared to analysts’ expectations of $71.41 million. During the same period in the previous year, the business posted ($0.01) earnings per share. The firm’s revenue for the quarter was up 51.0% compared to the same quarter last year.

NYSE:AYX traded up $7.95 on Thursday, hitting $95.46. 2,987,742 shares of the stock were exchanged, compared to its average volume of 1,078,768. The stock has a market capitalization of $5.48 billion, a P/E ratio of -477.30, a P/E/G ratio of 104.38 and a beta of 1.03. Alteryx has a 52 week low of $30.71 and a 52 week high of $98.85. The company has a current ratio of 3.71, a quick ratio of 3.71 and a debt-to-equity ratio of 0.58.

A number of research firms recently issued reports on AYX. JMP Securities lifted their price target on Alteryx from $84.00 to $96.00 and gave the company a “market outperform” rating in a report on Thursday. Wedbush boosted their price objective on Alteryx from $76.00 to $93.00 and gave the stock a “neutral” rating in a report on Thursday. Needham & Company LLC boosted their price objective on Alteryx to $108.00 and gave the stock a “buy” rating in a report on Thursday. Bank of America reissued a “buy” rating and set a $105.00 price objective (up from $90.00) on shares of Alteryx in a report on Thursday. Finally, JPMorgan Chase & Co. boosted their price objective on Alteryx to $70.00 and gave the stock a “neutral” rating in a report on Thursday, February 28th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Alteryx presently has a consensus rating of “Buy” and a consensus target price of $87.25.

In other news, CRO Robert Scott Jones sold 1,598 shares of the business’s stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $70.15, for a total transaction of $112,099.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kevin Rubin sold 68,000 shares of the business’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $76.48, for a total value of $5,200,640.00. The disclosure for this sale can be found here. Insiders have sold a total of 262,358 shares of company stock valued at $19,560,974 over the last three months. Company insiders own 19.82% of the company’s stock.

Several institutional investors have recently bought and sold shares of AYX. JPMorgan Chase & Co. grew its position in shares of Alteryx by 219.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 504,173 shares of the company’s stock worth $28,844,000 after buying an additional 346,239 shares during the period. 1832 Asset Management L.P. acquired a new position in shares of Alteryx during the 4th quarter worth about $18,923,000. New York State Common Retirement Fund grew its position in shares of Alteryx by 728.2% during the 4th quarter. New York State Common Retirement Fund now owns 272,465 shares of the company’s stock worth $16,203,000 after buying an additional 239,565 shares during the period. Bank of America Corp DE grew its position in shares of Alteryx by 122.0% during the 4th quarter. Bank of America Corp DE now owns 432,306 shares of the company’s stock worth $25,709,000 after buying an additional 237,603 shares during the period. Finally, BlackRock Inc. grew its position in shares of Alteryx by 11.6% during the 3rd quarter. BlackRock Inc. now owns 2,261,828 shares of the company’s stock worth $129,399,000 after buying an additional 234,250 shares during the period. Institutional investors own 57.54% of the company’s stock.

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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.

Further Reading: Bollinger Bands

Earnings History for Alteryx (NYSE:AYX)

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