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Alteryx: Analyzing Its Transition And Evaluating The Shares

Jan. 05, 2022 12:17 AM ETAlteryx, Inc. (AYX)47 Comments
Bert Hochfeld profile picture
Bert Hochfeld
21.33K Followers

Summary

  • Alteryx has spent much of 2021 in the investor doghouse with the shares down by about 50% over the past year.
  • That share price performance belies some encouraging news in terms of the company's operating performance, with ARR growth accelerating to 29% last quarter.
  • In addition, customer churn has reduced to its lowest level since 2019, and salesforce turnover has also diminished notably.
  • Since the retirement of the company founder in the fall of 2020, much of the senior management team is new to the company.
  • The company has introduced a Designer Cloud and Intelligence Suite (AI) to take advantage of the still enormous market opportunities in its space.
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Alteryx - On the right path; still some way to go

There is little more difficult in the land of software companies than to see a fallen angel revisit the blue empyrean-particularly in terms of valuation fed by investor perceptions. Investors

This article was written by

Bert Hochfeld profile picture
21.33K Followers
Bert Hochfeld graduated with a degree in economics from the University of Pennsylvania and received an MBA from Harvard. Mr. Hochfeld has enjoyed a long career in the tech world, working for IBM, Memorex/Telex, Raytheon Data Systems, and BMC Software. Starting in the 1990s, Mr. Hochfeld worked as a sell-side analyst and won awards from the Wall Street Journal for his coverage of the software space. In 2001, Mr. Hochfeld formed his own independent research company, Hochfeld Independent Research Group, which provided research services to major institutions including Fidelity, Columbia Asset, SAC Capital, and many other prominent institutions and hedge funds. He also operated the Hepplewhite Fund, a hedge fund that specialized in technology investments. Hedge Fund Research, an independent 3rd party firm that specializes in ranking managers, rated the Hepplewhite Fund as the best performing small-cap fund for the 5 years ending in 2011. In 2012, Mr. Hochfeld was convicted of misappropriating funds from a hedge fund he operated. Mr. Hochfeld has published more than 500 articles on Seeking Alpha, all dealing with companies in the information technology space. Highly esteemed for his investment wisdom accumulated over decades, Mr. Hochfeld ranks in the top 0.1% of Tip Ranks analysts for his selection of information technology stocks and their subsequent successes.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of AYX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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