Alteryx, Inc. (NYSE:AYX) Releases Q3 Earnings Guidance

Alteryx, Inc. (NYSE:AYX) updated its third quarter earnings guidance on Wednesday. The company provided EPS guidance of ($0.08)-($0.09) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.09). The company issued revenue guidance of $31.8-$32.3 million, compared to the consensus revenue estimate of $31.25 million.Alteryx also updated its FY17 guidance to ($0.34)-($0.32) EPS.

A number of equities analysts have recently commented on the stock. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Alteryx in a research note on Tuesday, April 18th. They set a buy rating and a $20.00 price objective for the company. J P Morgan Chase & Co assumed coverage on shares of Alteryx in a report on Tuesday, April 18th. They issued a neutral rating and a $18.00 target price on the stock. Cowen and Company reaffirmed an outperform rating and issued a $23.00 target price (up from $21.00) on shares of Alteryx in a report on Thursday, August 3rd. KeyCorp reaffirmed an overweight rating and issued a $24.00 target price (up from $22.00) on shares of Alteryx in a report on Monday, June 12th. Finally, JMP Securities assumed coverage on shares of Alteryx in a report on Tuesday, April 18th. They issued an outperform rating and a $20.00 target price on the stock. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Alteryx presently has a consensus rating of Buy and an average target price of $20.89.

Alteryx, Inc. (NYSE AYX) traded up 4.18% on Monday, reaching $23.44. 226,101 shares of the company’s stock traded hands. The stock’s market cap is $1.38 billion. Alteryx, Inc. has a 52-week low of $14.61 and a 52-week high of $23.84. The company’s 50 day moving average is $21.08 and its 200-day moving average is $18.82.

Alteryx (NYSE:AYX) last released its quarterly earnings results on Wednesday, August 2nd. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.05. The firm had revenue of $30.30 million for the quarter, compared to analysts’ expectations of $29.33 million. The business’s revenue was up 52.3% compared to the same quarter last year. Equities analysts expect that Alteryx, Inc. will post ($0.33) EPS for the current year.

In other news, major shareholder Qualified Master Fund L. Abdiel bought 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 29th. The shares were acquired at an average price of $19.48 per share, with a total value of $974,000.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Qualified Master Fund L. Abdiel bought 77,500 shares of the firm’s stock in a transaction that occurred on Friday, July 7th. The shares were purchased at an average cost of $19.50 per share, for a total transaction of $1,511,250.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 513,844 shares of company stock worth $10,606,239.

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A hedge fund recently bought a new stake in Alteryx stock. State Street Corp purchased a new position in Alteryx, Inc. (NYSE:AYX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 106,522 shares of the company’s stock, valued at approximately $2,080,000. State Street Corp owned about 0.18% of Alteryx at the end of the most recent reporting period.

About Alteryx

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.