Alteryx: A Plan Coming Together

Feb. 18, 2023 4:24 AM ETAlteryx, Inc. (AYX)3 Comments
Bert Hochfeld profile picture
Bert Hochfeld


  • Alteryx Q4 earnings were a significant upside with better-than-expected results for revenues, ARR and non-GAAP operating profits.
  • The company is benefiting from a significant set of initiatives, including a new go-to-market motion and a cloud analytics platform.
  • The company's ELA burst mode consumption model is now starting to accelerate growth and to expand the usage of Alteryx across the company's enterprise customers.
  • Alteryx shares have achieved strong performance so far in 2023, but the combination of rising growth expectations coupled with a noticeable turn to profitability has kept valuation metrics at attractive levels.
  • Alteryx guidance has been self-styled by the company's CFO as more conservative than usual with visibility above historic levels as well.

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Alteryx - The pieces are all falling into place

I have written a lot about Alteryx on SA and to my subscribers over the years. It has been more than a year since I last wrote an article on

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Bert Hochfeld profile picture
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.

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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