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Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Alteryx, Inc. (NYSE: AYX) from May 6, 2020 through August 6, 2020 (the “Class Period”). The lawsuit seeks to recover damages for Alteryx, Inc. investors under the federal securities laws.
If you bought Alteryx, Inc. securities between May 6, 2020 through August 6, 2020, and would like to join the action, please click “Join This Class Action,” above.
SHAREHOLDER ALERT: Zhang Investor Law Announces the Filing of a Securities Class Action Lawsuit Against Alteryx, Inc. – AYX
New York, N.Y., September 15, 2020. Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Alteryx, Inc. (NYSE: AYX) between May 6, 2020 and August 6, 2020, inclusive (the “Class Period”).
To join the AYX class action, go to http://zhanginvestorlaw.com/cases/alteryx-inc/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email email@example.com for information on the class action.
Lead plaintiff status is not required to seek compensation. You may retain counsel of your choice. You may remain an absent class member and take no action at this time.
According to the lawsuit, throughout the Class Period (1) the Company was unable to close large deals within the quarter and deals were pushed out to subsequent quarters or downsized; (2) as a result, Alteryx increasingly relied on adoption licenses to attract new customers; (3) as a result and due to the nature of adoption licenses, the Company’s revenue was reasonably likely to decline; and (4) as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 19, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/alteryx-inc/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at firstname.lastname@example.org.
Zhang Investor Law represents investors worldwide.