$39.54 Million in Sales Expected for Alteryx Inc (AYX) This Quarter
Wall Street brokerages expect Alteryx Inc (NYSE:AYX) to announce sales of $39.54 million for the current quarter, Zacks reports. Four analysts have provided estimates for Alteryx’s earnings, with the lowest sales estimate coming in at $39.39 million and the highest estimate coming in at $39.75 million. Alteryx reported sales of $28.55 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 38.5%. The firm is scheduled to issue its next earnings results on Wednesday, May 9th.
On average, analysts expect that Alteryx will report full-year sales of $39.54 million for the current financial year, with estimates ranging from $177.50 million to $179.40 million. For the next fiscal year, analysts forecast that the business will report sales of $234.27 million per share, with estimates ranging from $229.34 million to $238.85 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Alteryx.
Alteryx (NYSE:AYX) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.05. The firm had revenue of $38.60 million for the quarter, compared to analyst estimates of $35.89 million. Alteryx had a negative return on equity of 8.64% and a negative net margin of 13.30%. Alteryx’s revenue for the quarter was up 54.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.11) EPS.
In other Alteryx news, CRO Robert Scott Jones sold 40,226 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $33.88, for a total value of $1,362,856.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Qualified Master Fund L. Abdiel bought 75,000 shares of the business’s stock in a transaction on Tuesday, December 5th. The stock was acquired 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 sold 292,452 shares of company stock worth $8,688,541.
Institutional investors and hedge funds have recently made changes to their positions in the business. Alkeon Capital Management LLC bought a new stake in shares of Alteryx in the 4th quarter valued at approximately $632,000. MetLife Investment Advisors LLC bought a new stake in shares of Alteryx in the 4th quarter valued at approximately $279,000. Tensile Capital Management LLC bought a new stake in shares of Alteryx in the 4th quarter valued at approximately $6,088,000. Metropolitan Life Insurance Co. NY bought a new stake in shares of Alteryx in the 4th quarter valued at approximately $192,000. Finally, PEAK6 Investments L.P. bought a new stake in shares of Alteryx in the 4th quarter valued at approximately $433,000. 31.57% of the stock is currently owned by institutional investors.
Alteryx (NYSE AYX) traded up $1.83 during trading on Wednesday, reaching $36.63. The company had a trading volume of 1,087,213 shares, compared to its average volume of 675,140. The firm has a market cap of $2,058.94 and a price-to-earnings ratio of -85.18. Alteryx has a 12-month low of $14.61 and a 12-month high of $36.70.
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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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