Zacks: Brokerages Expect Alteryx, Inc. (AYX) Will Announce Quarterly Sales of $29.42 Million

Wall Street analysts expect that Alteryx, Inc. (NYSE:AYX) will post sales of $29.42 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Alteryx’s earnings, with estimates ranging from $29.30 million to $29.50 million. The business is expected to issue its next earnings results after the market closes on Wednesday, August 2nd.

According to Zacks, analysts expect that Alteryx will report full year sales of $29.42 million for the current financial year, with estimates ranging from $122.80 million to $123.60 million. For the next financial year, analysts expect that the company will report sales of $167.30 million per share, with estimates ranging from $162.50 million to $170.50 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Alteryx.

A number of brokerages have weighed in on AYX. Goldman Sachs Group, Inc. (The) began coverage on shares of Alteryx in a research note on Tuesday, April 18th. They issued a “buy” rating and a $20.00 target price for the company. J P Morgan Chase & Co began coverage on shares of Alteryx in a research note on Tuesday, April 18th. They issued a “neutral” rating and a $18.00 target price for the company. KeyCorp reaffirmed an “overweight” rating and issued a $24.00 target price (up from $22.00) on shares of Alteryx in a research note on Monday, June 12th. Cowen and Company began coverage on shares of Alteryx in a research note on Tuesday, April 18th. They issued an “outperform” rating and a $21.00 target price for the company. Finally, JMP Securities began coverage on shares of Alteryx in a research note on Tuesday, April 18th. They issued an “outperform” rating and a $20.00 target price for the company. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $20.00.

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In other news, major shareholder Qualified Master Fund L. Abdiel acquired 163,072 shares of the firm’s stock in a transaction that occurred on Tuesday, June 27th. The stock was purchased at an average price of $19.86 per share, for a total transaction of $3,238,609.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Qualified Master Fund L. Abdiel acquired 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 29th. The shares were purchased at an average price of $19.48 per share, with a total value of $974,000.00. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 320,572 shares of company stock valued at $6,322,060.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Spark Investment Management LLC purchased a new position in shares of Alteryx during the second quarter worth about $5,565,000. Clearbridge Investments LLC purchased a new position in shares of Alteryx during the first quarter worth about $249,000. UBS Oconnor LLC purchased a new position in shares of Alteryx during the first quarter worth about $656,000. Goldman Sachs Group Inc. purchased a new position in shares of Alteryx during the first quarter worth about $1,916,000. Finally, ICONIQ Capital LLC purchased a new position in shares of Alteryx during the first quarter worth about $52,298,000.

Alteryx (NYSE:AYX) traded down 2.82% on Thursday, hitting $20.35. 158,996 shares of the company were exchanged. The firm’s market cap is $210.62 million. The stock has a 50 day moving average price of $20.26 and a 200 day moving average price of $18.46. Alteryx has a one year low of $14.61 and a one year high of $23.14.

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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