AYX - What's Going On at Alteryx?
For a long while, shareholders of Alteryx (NYSE: AYX) probably thought the company could do no wrong. The ride wasn't always smooth, but in the three years leading up to mid-August, its shares had increased sevenfold in price. The company's data analytics platform was in high demand.
Then, it felt like the wheels came off. The company reported second-quarter earnings that -- on the surface -- were fairly strong. But a peek under the hood reveals unexpected weakness. The stock fell as much as 37% over the ensuing months. And just last week, the company announced founder Dean Stoecker was stepping down from his role as CEO.
It all leads to a simple question for growth stock investors : What the heck is going on at Alteryx?
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What's Going On at Alteryx?