GlobeNewswire Inc | Sep 16, 2020 08:00AM EDT

September 16, 2020

Click here to join the case

LOS ANGELES, Sept. 16, 2020 (GLOBE NEWSWIRE) --

The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of Alteryx, Inc. ("Alteryx" or "the Company") (NYSE: AYX) investors that acquired securities betweenMay 6, 2020 and August 6, 2020.

Investors are encouraged to contact attorney Lesley F. Portnoy, to determine eligibility to participate in this action, by phone 310-692-8883 or email, or click here to join the case.

It is alleged within the complaint filed in this class action that throughout the class period, defendants made materially misleading and/or false statements, as well as failed to disclose facts that were materially adverse in regard to the companys business, operations, and prospects. Specifically, defendants failed to disclose to investors: (1) that the company was unable to close large deals within the quarter, leading to deals being downsized or postponed to subsequent quarters; (2) that, as a result, Alteryx increasingly relied on adoption licenses in order to attract new customers; (3) that, due to the nature of adoption licenses, it was reasonably likely that the Companys revenue would decline as a result; and (4) that, positive statements made by the Defendant about the Companys business, operations, and prospects were materially misleading and/or lacked a reasonable basis, as a result of the foregoing.

Please visit our website to review more information and submit your transaction information.

The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firms founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.Admitted CA and NY Barlesley@portnoylaw.com310-692-8883www.portnoylaw.com

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