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AYX - Alteryx: Don't Look A Gift Horse In The Mouth
Alteryx Inc. Class A
Alteryx, Inc. (AYX) has been punished so far in September with its share price down from a high of $143 to a recent $112. The price drop does not appear to have anything to do with company fundamentals or forward guidance but appears to be the result of large fund rotation out of high-growth software stocks. Other high-flying SaaS stocks that have been hit hard this summer are Okta, Inc. (OKTA), Zscaler, Inc. (ZS), and Slack Technologies, Inc. (WORK).