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Home Forums Single Stocks Thoughts on Alteryx ($AYX)?

  • Thoughts on Alteryx ($AYX)?

  • Justin Heins

    Member
    May 31, 2020 at 1:28 pm

    Figured this would be a company of interest based on the professional background of this community, with a large majority of us analyzing data nonstop.

    I like the big picture idea of its “Analytic Process Automation” and its growth looks extremely promising (~60% 2018 – 2019).

    37% of the Global 2000 are customers with ~30% of revenues coming from outside of the US, pointing to areas of continued growth, especially with the rising trend of digital transformation. They also have a “land and expand” model where the customers tend to pay considerably more YoY, showing its stickiness.

    I don’t have first hand experience using it’s software and haven’t gone as far as valuation. Does anyone have experience using it, thoughts on its LT future, or thoughts on its current price?

  • David

    Member
    June 18, 2020 at 7:36 am

    Don’t know the details of their business but has been an outperformer for the past five years straight and Motley Fool has multiple buy recs and another one recently.

  • Ken

    Member
    June 23, 2020 at 1:06 pm

    I watched a demo of their system and I talked with a sales rep about their software solution today. It seems like a useful tool in corporate finance (my day job) and any instance where you need to wrangle data from multiple sources. The numbers you highlighted look good too from a current customer base perspective. IMO it’s a good thematic play with growth potential. I’ll be an investor.

  • Robbie Murphy

    Member
    June 24, 2020 at 6:31 am

    I work for a big 4 accounting firm in Ireland and Alteryx is being used more and more. It is extremely efficient for assurance and will definitely be used more in the coming years.

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