Event Overview

Alteryx (NYSE:AYX) made its market debut on March 23, 2017, raising $126 million through its offer of 9 million shares. Shares priced at $14, the high end of its initial price range of $12 to $14, then jumped 10% on its first day of trading. Since then, the stock price has continued to move up. Currently, shares are up approximately 57% from the IPO price and are currently trading at approximately $22. (9.7.17)

The 180-day lock-up period which restricted insiders ability to trade shares will expire on September 20, 2017. At this point, the company’s pre-IPO insiders will be able to sell their 40M shares for the first time since Alteryx went public. This represents 68% of the total shares outstanding (see below). If even some of these shareholders decide to sell, it could have a significant downward impact on the stock. Our firms research on price movement around lockup expiration can be found here.


These firms and individual investors will likely be motivated to sell their positions in order to free up capital for other investments as well as cash in on gains. Company insiders include thirteen executive officers and seven outside investors including several notable VC investors (see below). We predict these VC investors will be particularly eager to recognize their large win from the investment and move capital into other projects.


Business Overview: Provider of Self-service Data Analytics Platform

S-1/A provides a self-service data analytics software platform that enables companies to improve the productivity of their business analysts thus enhancing business outcomes. It offers:

  • Alteryx Designer for data preparation, blending, and analytics that is deployable both on-site and in the cloud;
  • Alteryx Server, a secure and scalable product for sharing and running analytic applications in a Web-based environment;
  • Alteryx Analytics Gallery, a cloud-based collaboration offering that allows users to share workflows in a centralized repository.
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