Lawsuit filed for Investors in shares of Alteryx, Inc. (NYSE: AYX)

An investor, who purchased shares of Alteryx, Inc. (NYSE: AYX), filed a lawsuit over alleged violations of Federal Securities Laws by Alteryx, Inc.

Investors who purchased shares of Alteryx, Inc. (NYSE: AYX) have certain options and for certain investors are short and strict deadlines running. Deadline: October 19, 2020. NYSE: AYX investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Irvine, CA based Alteryx, Inc. provides end-to-end analytics platform for data analysts and scientists worldwide. On August 6, 2020, Alteryx, Inc. announced its second quarter 2020 financial results, and disappointing growth projections for the third quarter and full year 2020. Therein, Alteryx, Inc. stated that, for the third quarter, it expected revenue “to be in the range of $111.0 million to $115.0 million, an increase of 7% to 11% year-over-year.” Moreover, for fiscal year 2020, the Company expected revenue “to be in the range of $460.0 million to $465.0 million, an increase of 10% to 11% year-over-year.”

Shares of Alteryx, Inc. (NYSE: AYX) declined from $181.08 per share on August 5, 2020 to as low as $106.51 per share on August 11, 2020

The plaintiff claims that between May 6, 2020 and August 6, 2020, the Defendants failed to disclose to investors that the Company was unable to close large deals within the quarter and deals were pushed out to subsequent quarters or downsized that, as a result, Alteryx increasingly relied on adoption licenses to attract new customers, that, as a result and due to the nature of adoption licenses, the Company’s revenue was reasonably likely to decline; and that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Those who purchased shares of Alteryx, Inc. (NYSE: AYX) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.