Alteryx Inc (AYX)

Shares of Alteryx Class A (AYX) dropped by 7.33% from $32.74 to $30.34 in the trading on Monday, November 6, 2023. The reason why stock AYX down is due to recent financial performance. While the company reported a year-over-year revenue increase of 8%, totaling $232 million, it also posted a significant net loss of $50 million. Notably, Alteryx maintained a robust gross profit margin of 85%.

Alteryx Stock (AYX) dropped by 9.22% from $34.94 to $31.72 in the trading on Monday October 23, 2023. The reason why AYX stock down today is due to the downgrade from the analyst. Piper Sandler analyst Brent Bracelin published an analyst note on Alteryx before the market opened today, downgrading its rating on the stock from neutral to underweight. The firm kept its one-year price target on the stock at $30 per share. Bracelin is concerned about software-industry valuations. The tech sector, and some stocks in particular, are at risk of seeing weak momentum or significant pullbacks.

Alteryx Class A shares dropped by 17.94% following the release of Q2 2023 results, a downward revision of 2023 guidance, and a downgrade by Piper Sandler to Neutral from Overweight, with a lowered price target of $30 from $68.

https://www.benzinga.com/analyst-ratings/analyst-color/23/08/33618758/why-alteryx-shares-are-plummeting-today