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Alteryx's stock surges after rival Tableau agrees to be bought by Salesforce

Tomi Kilgore

Shares of Alteryx Inc. surged 5.6% toward a record high in premarket trade Monday, after fellow data analytics company Tableau Software Inc. agreed to be acquired by Salesforce.com Inc. at a 42% premium. Alteryx has a market capitalization of $5.95 billion as of Friday's closing prices. The stock reached an all-time intraday high of $99.81 on Friday, while the record close of $98.37 was reached on May 3. Shares of business analytics and mobility software company MicroStrategy Inc. were still inactive ahead of the open. Alteryx's stock has soared 60% year to date through Friday, while the Dow Jones Industrial Average has gained 11%.