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AYX - Alteryx: Finding Firmer Footing At 52-Week Lows
Alteryx Inc. Class A
Shares of Alteryx have continued sliding in May despite a Q1 earnings blowout.
The company's shares are now ~50% below February's highs and also at 52-week lows.
In Q1, Alteryx saw revenue growth re-accelerate to 9% y/y, while ARR also grew at a 27% y/y pace.
As we head toward an economic recovery and normalization, I'd expect companies to pick up their pace of IT investment in highly technical products like Alteryx.