U.S. markets open in 5 hours 31 minutes
  • S&P Futures

    3,241.00
    +3.00 (+0.09%)
     
  • Dow Futures

    26,753.00
    +38.00 (+0.14%)
     
  • Nasdaq Futures

    10,894.25
    +2.50 (+0.02%)
     
  • Russell 2000 Futures

    1,452.10
    +5.10 (+0.35%)
     
  • Crude Oil

    40.43
    +0.12 (+0.30%)
     
  • Gold

    1,876.40
    -0.50 (-0.03%)
     
  • Silver

    23.27
    +0.08 (+0.34%)
     
  • EUR/USD

    1.1682
    +0.0007 (+0.06%)
     
  • 10-Yr Bond

    0.6660
    0.0000 (0.00%)
     
  • Vix

    28.22
    -0.36 (-1.26%)
     
  • GBP/USD

    1.2790
    +0.0038 (+0.30%)
     
  • USD/JPY

    105.3800
    -0.0220 (-0.02%)
     
  • BTC-USD

    10,715.38
    -45.21 (-0.42%)
     
  • CMC Crypto 200

    218.13
    +9.19 (+4.40%)
     
  • FTSE 100

    5,838.94
    +16.16 (+0.28%)
     
  • Nikkei 225

    23,204.62
    +116.80 (+0.51%)
     

INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Alteryx, Inc. (AYX) Investors

Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Alteryx, Inc. ("Alteryx" or the "Company") (NYSE: AYX) securities between May 6, 2020 and August 6, 2020, inclusive (the "Class Period").Cabot Oil investors have until October 19, 2020 to file a lead plaintiff motion.

Investors suffering losses on their Alteryx investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

On August 6, 2020, the Company announced in a press release its second quarter 2020 financial results, and disappointing growth projections for the third quarter and full year 2020. Therein, Alteryx 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."

On this news, the Company’s share price fell $47.62, or over 28%, to close at $121.38 per share on August 7, 2020, thereby injuring investors. The stock price continued to decline over the next trading session by $12.15, or 10%, to close at $109.23 per share on August 10, 2020, representing a cumulative decline of $59.77, or 35%.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that the Company was unable to close large deals within the quarter and deals were pushed out to subsequent quarters or downsized; (2) that, as a result, Alteryx increasingly relied on adoption licenses to attract new customers; (3) that, as a result and due to the nature of adoption licenses, the Company’s revenue was reasonably likely to decline; and (4) 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.

If you purchased Alteryx securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200820005735/en/

Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com