Shares of Alteryx (AYX) surged Wednesday following a report that the software company is exploring a sale. AYX stock launched nearly 15% higher on the news.
Irvine, Calif.-based Alteryx has brought on investment bank Qatalyst Partners for discussions with potential acquirers, according to a Reuters report that cites unnamed sources. The deal could include private equity firms, according to the report.
AYX stock jumped 13.8% to close at 34.58 on the stock market today.
A year from right now, I can almost 100% guarantee that all of the c-suite execs at Alteryx will have moved on to other companies.
Mark and his buddies in the Product (Mis)Management Org have done such a great job ruining a once promising company that you almost have to wonder if it was intentional.
No one is going to buy the company.
Indeed. One of the worst and most utter failures of leadership I’ve ever seen in my career. He never should have been plucked off of the board of directors and put in the CEO role. The board should have hired a CEO with analytics (or at least software/SaaS) experience.
This latest chapter with the company being sold off is the beginning of the end of what was not too long ago a very successful and promising company.
Mark anderson has destroyed this company. $150 down to $30 and now being sold off. He shoukd never work again. Pathetic hiring and leadership by him
They should have sold before Q2 results and the guidance takedown, not after.... You want to sell high not low...
https://dol.ny.gov/system/files/documents/2023/08/warn-alteryx-nyc-2022-0159-8-10-2023-amended-8-8-2023.pdf
One article says:
Insight Partners, an early investor in Alteryx which has retained a 1.5% stake in the company and representation on its board of directors, has recused itself from the sale deliberations because of its interest as a potential acquirer, one of the sources said.