Swept alongside the massive software sector correction that began in early October with Workday's (WDAY) announcement of a growth decline, investors in Alteryx (AYX) have felt plenty of pain over the past several weeks, as this beloved Wall Street favorite fell from highs near $150 to below $100. Many investors observed (correctly) that Alteryx was getting a long-overdue correction as one of the then-most expensive stocks in the software sector.
While we can't argue that Alteryx remains an expensive stock trading at double-digit forward revenue multiples, we also can't deny that