AYX - Why Alteryx Stock Plummeted 29% in the First Half of 2021
Shares of Alteryx (NYSE: AYX) tumbled 29.4% in the first half of this year, according to data from S&P Global Market Intelligence , after the data analytics company reported disappointing fourth-quarter results early in the year and its newly hired chief revenue officer rapidly left his post.
Investors still haven't regained their confidence in Alteryx, and they've pushed the company's share price down an additional 8.8% since the beginning of July.
Alteryx's fourth-quarter 2020 results actually beat Wall Street's consensus estimates, but investors were likely disappointed with the company's guidance. Management estimated that sales would decrease up to 4.4% for the first quarter and that full-year 2021 revenue would increase by just 13%.
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Why Alteryx Stock Plummeted 29% in the First Half of 2021