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AYX - Alteryx Stock Price: More Downside Before Taking Off
Alteryx Inc. Class A
After soaring 147% to reach an all-time high of $147 per share, Alteryx’s stock price has been on a freefall and is currently trading around $98. Alteryx (AYX) fell victim to the cloud sell-off, which happened as the result of nose bleed valuations popping due to heightened recession fears. Other SAAS companies like Slack, Zoom Video, and Twilio have been declining as well, and so far with no end in sight.
What’s interesting is that the Alteryx stock price declined even as the company did everything right. In other words, when a growth