Alteryx (NYSE:AYX) released its earnings results on Wednesday. The company reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.05, Briefing.com reports. Alteryx had a negative net margin of 18.68% and a negative return on equity of 19.62%. The business had revenue of $38.60 million for the quarter, compared to analysts’ expectations of $35.89 million. During the same period last year, the company earned ($0.11) earnings per share. The company’s quarterly revenue was up 54.6% on a year-over-year basis. Alteryx updated its Q1 guidance to (0.06)-(0.07) EPS and its FY18 guidance to (0.24)-(0.29) EPS.
Shares of Alteryx (AYX) traded up $0.22 during mid-day trading on Wednesday, reaching $29.52. 674,798 shares of the company’s stock were exchanged, compared to its average volume of 598,351. The firm has a market capitalization of $1,750.00 and a PE ratio of -52.71. Alteryx has a 1 year low of $14.61 and a 1 year high of $31.60.
In other news, Chairman Dean Stoecker sold 40,000 shares of the business’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $25.62, for a total transaction of $1,024,800.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Qualified Master Fund L. Abdiel bought 75,000 shares of Alteryx stock in a transaction dated Tuesday, December 5th. The shares were purchased at an average cost of $25.54 per share, for a total transaction of $1,915,500.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 160,000 shares of company stock worth $4,196,200.
Hedge funds and other institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its position in shares of Alteryx by 685.3% during the second 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. California State Teachers Retirement System bought a new stake in shares of Alteryx in the second quarter worth $306,000. Finally, State Street Corp bought a new stake in shares of Alteryx in the second quarter worth $2,080,000. 31.57% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently issued reports on AYX. Goldman Sachs Group cut shares of Alteryx from a “buy” rating to a “neutral” rating and set a $29.00 target price on the stock. in a research report on Wednesday, January 31st. Zacks Investment Research cut shares of Alteryx from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Bank of America lifted their price target on shares of Alteryx from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $29.00 price target (up from $24.00) on shares of Alteryx in a research report on Thursday, November 9th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $23.40.
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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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