Amalgamated Bank Reduces Stake in Alteryx by 9.7% in Q1
August 8, 2023
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Alteryx ($NYSE:AYX), Inc. is a publicly traded software company that provides an end-to-end platform for data analytics and business intelligence. According to its latest 13F filing, the Amalgamated Bank reduced its ownership of Alteryx stock by 9.7% in the first quarter of the year. The Amalgamated Bank is an institutional investor, and the reduction of the stake in Alteryx could indicate a shift in sentiment regarding the company’s future prospects. Alteryx has seen a number of positive and negative news stories in recent months, including the announcement of a strategic partnership with Google Cloud to deliver enterprise-ready cloud-native data preparation and analytics solutions.
The reduction in holdings could be a sign that the Amalgamated Bank believes that any potential upside potential in the stock may not be enough to justify the risk of investing in it. In any case, it is worth keeping an eye on the stock over the coming months to see how this decision impacts investor sentiment.
Analysis
GoodWhale has carried out an analysis of ALTERYX‘s financials and the results are promising. Our Star Chart shows that ALTERYX has a high health score of 7/10 with regard to its cashflows and debt, indicating that it is capable to safely ride out any crisis without the risk of bankruptcy. After further review, we have classified ALTERYX as a ‘cheetah’, a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Considering ALTERYX’s strengths in growth and profitability, they may be attractive to investors such as venture capitalists, hedge funds, and mutual funds seeking high-growth opportunities with a potentially higher risk-return ratio. Investors should be aware that ALTERYX is weak in asset and dividend, and so may not be suitable for investors seeking more conservative or reliable investments. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Alteryx. More…
| Total Revenues | Net Income | Net Margin |
| 896.5 | -301.97 | -31.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Alteryx. More…
| Operations | Investing | Financing |
| -73.71 | 125.38 | 395.48 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Alteryx. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.85k | 1.72k | 1.78 |
Key Ratios Snapshot
Some of the financial key ratios for Alteryx are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 25.8% | – | -31.6% |
| FCF Margin | ROE | ROA |
| -12.0% | -118.6% | -9.6% |
Peers
Alteryx Inc is a company that provides data analysis software. It has many competitors, such as Sprout Social Inc, OneSoft Solutions Inc, and Everbridge Inc. All of these companies offer similar products and services, so they must compete with each other in order to win customers.
– Sprout Social Inc ($NASDAQ:SPT)
Sprout Social Inc is a social media management company that enables users to manage their social media accounts and measure their performance. It has a market cap of 2.96B as of 2022 and a ROE of -17.21%. The company’s products and services include Sprout Insights, Sprout Queue, Sprout Sentiment and Sprout Automate.
– OneSoft Solutions Inc ($TSXV:OSS)
OneSoft Solutions Inc is a Canadian software company that offers a variety of solutions for businesses of all sizes. Its products include cloud-based applications, enterprise resource planning (ERP) software, and customer relationship management (CRM) software. The company has a market cap of 56.71M as of 2022 and a return on equity of -69.52%. OneSoft Solutions Inc’s products are used by businesses in a variety of industries, including healthcare, manufacturing, and retail.
– Everbridge Inc ($NASDAQ:EVBG)
Everbridge Inc is a global software company that provides enterprise software applications that automate and accelerate organizations’ responses to critical events in order to improve business continuity and resiliency. The company has a market cap of 1.15B as of 2022 and a Return on Equity of -25.63%. Everbridge’s mission is to keep people safe and businesses running during critical events.
Summary
This could be a sign that investors are cautious about the stock’s prospects, and they may be expecting a pullback in share price in the coming months. It is important for investors to remain informed of the latest developments and news related to Alteryx, as well as its competitors, before making any investment decisions. Additionally, investors should research the company’s financials, management team, competitive positioning, and industry trends to gain a more complete understanding of the investment outlook.
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