Alteryx (NYSE:AYX) updated its fourth quarter earnings guidance on Wednesday. The company provided EPS guidance of $(0.03-0.05) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.09). The company issued revenue guidance of $56.5-57.5 million, compared to the consensus revenue estimate of $53.53 million.
Several analysts recently weighed in on the company. Citigroup set a $81.00 price objective on Alteryx and gave the stock a buy rating in a research report on Tuesday, September 18th. Needham & Company LLC upped their price objective on Alteryx from $51.00 to $57.00 and gave the stock a buy rating in a research report on Tuesday, August 14th. KeyCorp upped their price objective on Alteryx from $53.00 to $61.00 and gave the stock an overweight rating in a research report on Thursday, August 9th. Oppenheimer upped their price objective on Alteryx from $48.00 to $56.00 and gave the stock an outperform rating in a research report on Thursday, August 9th. Finally, JMP Securities upped their price objective on Alteryx from $45.00 to $52.00 and gave the stock a market outperform rating in a research report on Thursday, August 9th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $49.50.
AYX traded up $5.48 on Wednesday, reaching $58.64. The stock had a trading volume of 2,214,600 shares, compared to its average volume of 856,458. Alteryx has a fifty-two week low of $21.15 and a fifty-two week high of $63.18. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.91. The stock has a market cap of $3.20 billion, a PE ratio of -189.16 and a beta of 0.99.
In other news, major shareholder Abdiel Capital Management, Llc bought 29,855 shares of the stock in a transaction on Tuesday, October 23rd. The stock was acquired at an average price of $42.53 per share, with a total value of $1,269,733.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Robert Scott Jones sold 4,166 shares of the company’s stock in a transaction dated Tuesday, October 30th. The stock was sold at an average price of $43.98, for a total value of $183,220.68. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 194,855 shares of company stock valued at $9,551,233 and sold 3,475,485 shares valued at $192,064,040. 39.01% of the stock is owned by corporate insiders.
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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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