Alteryx (AYX) Stock

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The headline numbers for Alteryx, Inc. (AYX) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Alteryx, Inc. (AYX) came out with quarterly earnings of $1.70 per share, beating the Zacks Consensus Estimate of $1.15 per share. This compares to earnings of $0.84 per share a year ago.

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Alteryx, an Irvine, California-based software company developing data science and analytics products, today announced that it's agreed to be acquired by private equity firms Clearlake Capital Group and Insight Partners in a deal worth $4.4 billion.

Alteryx Inc.'s stock AYX, +0.46% was up by 1.5% in premarket trading on Monday after the cloud analytics company agreed to be taken private by Clearlake Capital Group LP and Insight Partners for $48.25 a share. The deal values Alteryx at about $4.4 billion, or a 59% premium to the company's unaffected closing stock price on Sept 5, the day prior to media reports about a potential deal.

Alteryx is a platform that simplifies data analytics and allows organizations to make data-driven decisions without advanced technical skills. The company has improved its profitability significantly, making it attractively priced at 18x forward non-GAAP operating margins. Alteryx's near-term prospects are promising, with solid performance in Q3 and a focus on executive-facing enterprise sales. However, macroeconomic conditions remain challenging.

Alteryx (AYX) transforms public sector analytics, driving AI adoption for effective government solutions.

Alteryx, Inc. (NYSE:AYX ) Raymond James TMT & Consumer Conference December 5, 2023 9:10 AM ET Company Participants Mark Anderson - CEO Kevin Rubin - CFO Conference Call Participants Alex Sklar - Raymond James Alex Sklar Good morning, everyone. My name's Alex Sklar.