New York, New York--(Newsfile Corp. - October 19, 2020) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Alteryx, Inc. (NYSE: AYX) alleging that the Company violated federal securities laws.
Class Period: May 6, 2020 and August 7, 2020
Lead Plaintiff Deadline: October 19, 2020
Learn more about your recoverable losses in AYX:
The filed complaint alleges that Alteryx, Inc. made materially false and/or misleading statements and/or failed to disclose that: (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.
Shareholders have until October 19, 2020 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
For additional information about the AYX lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click the link above.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
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