Alteryx, Inc. (NYSE:AYX) announced its quarterly earnings results on Thursday. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.10, Briefing.com reports. The business had revenue of $34.16 million during the quarter, compared to analysts’ expectations of $32.06 million. During the same period last year, the company earned ($0.07) EPS. The firm’s revenue for the quarter was up 52.1% on a year-over-year basis. Alteryx updated its Q4 guidance to ($0.02)-(0.03) EPS.

Shares of Alteryx (NYSE AYX) traded up $0.08 on Thursday, hitting $21.84. 369,355 shares of the company traded hands, compared to its average volume of 342,746. Alteryx has a fifty-two week low of $14.61 and a fifty-two week high of $24.07.

Several brokerages have issued reports on AYX. Zacks Investment Research downgraded shares of Alteryx from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. KeyCorp reaffirmed a “buy” rating and issued a $24.00 price target on shares of Alteryx in a report on Friday, September 22nd. Bank of America Corporation began coverage on shares of Alteryx in a report on Monday, October 16th. They issued a “buy” rating and a $26.00 price target on the stock. Finally, Cowen and Company reaffirmed an “outperform” rating and issued a $23.00 price target (up previously from $21.00) on shares of Alteryx in a report on Thursday, August 3rd. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $21.00.

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In related news, Director Jayendra Das sold 5,100,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $20.24, for a total transaction of $103,224,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Dean Stoecker sold 600,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $20.24, for a total transaction of $12,144,000.00. The disclosure for this sale can be found here. In the last three months, insiders have purchased 2,372,500 shares of company stock worth $50,178,900 and have sold 7,700,000 shares worth $155,848,000.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System purchased a new position in Alteryx during the second quarter worth approximately $306,000. The Manufacturers Life Insurance Company raised its stake in Alteryx by 685.3% during the second quarter. The Manufacturers Life Insurance Company now owns 7,853 shares of the company’s stock worth $154,000 after purchasing an additional 6,853 shares during the period. Finally, State Street Corp purchased a new position in Alteryx during the second quarter worth approximately $2,080,000. 16.54% of the stock is currently owned by institutional investors and hedge funds.

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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