Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired Alteryx, Inc. (“Alteryx”) securities between May 6, 2020 and August 6, 2020, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the company’s business, operations and. prospects. Specifically, the complaint alleges that Defendants failed to disclose to investors that: (1) the company was unable to close large deals within the quarter and deals were pushed out to subsequent quarters or downsized; (2) which caused Alteryx to increasingly rely on adoption licenses to attract new customers; (3) however, 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 at all relevant times.
Current Status of Case:
On June 17, 2021, the Court granted Defendants’ Motion to Dismiss. This action has concluded.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.