Alteryx (AYX) Shares Gap Up Following Earnings Beat

Alteryx Inc (NYSE:AYX)’s share price gapped up prior to trading on Thursday following a stronger than expected earnings report. The stock had previously closed at $62.78, but opened at $58.64. Alteryx shares last traded at $59.81, with a volume of 2020468 shares changing hands.

The company reported $0.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.13. Alteryx had a negative net margin of 9.44% and a negative return on equity of 9.44%. The business had revenue of $54.18 million during the quarter, compared to analyst estimates of $49.79 million. During the same quarter last year, the firm posted $0.02 earnings per share. The business’s revenue for the quarter was up 58.6% compared to the same quarter last year.

Several research analysts have recently commented on AYX shares. Needham & Company LLC raised their price objective on shares of Alteryx from $43.00 to $51.00 and gave the company a “buy” rating in a research note on Monday, August 6th. Zacks Investment Research lowered shares of Alteryx from a “hold” rating to a “sell” rating in a research note on Tuesday, August 14th. Citigroup set a $81.00 target price on shares of Alteryx and gave the company a “buy” rating in a report on Tuesday, September 18th. DA Davidson raised their target price on shares of Alteryx to $52.00 and gave the company a “neutral” rating in a report on Thursday, August 9th. Finally, KeyCorp raised their target price on shares of Alteryx from $40.00 to $53.00 and gave the company an “overweight” rating in a report on Friday, July 20th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $59.55.

In related news, major shareholder Insight Venture Partners Viii, sold 595,500 shares of the firm’s stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $55.62, for a total value of $33,121,710.00. Following the sale, the insider now owns 930,005 shares of the company’s stock, valued at $51,726,878.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Dean Stoecker sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $53.61, for a total transaction of $2,144,400.00. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 194,855 shares of company stock worth $9,551,233 and sold 3,390,485 shares worth $187,381,390. 39.01% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in Alteryx by 47.8% during the second quarter. BlackRock Inc. now owns 2,027,578 shares of the company’s stock worth $77,373,000 after purchasing an additional 655,701 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Alteryx by 20.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 58,910 shares of the company’s stock worth $2,249,000 after purchasing an additional 9,900 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Alteryx during the second quarter worth approximately $876,000. Seven Eight Capital LP acquired a new stake in Alteryx during the third quarter worth approximately $2,433,000. Finally, Sandler Capital Management acquired a new stake in Alteryx during the second quarter worth approximately $29,515,000. 43.05% of the stock is currently owned by institutional investors.

The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of -188.03 and a beta of 0.99.

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Alteryx Company Profile (NYSE:AYX)

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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