Shares of analytics automation company Alteryx, Inc. (AYX) have climbed 18% over the past month. Alteryx’s recent fourth-quarter performance came in ahead of expectations on both its top-line and bottom-line fronts.
Revenue increased 8.3% year-over-year to $173.8 million, outperforming estimates by $7.6 million. Earnings per share at $0.17 beat consensus by $0.11. The company ended Q4 with annual recurring revenue of $638 million, registering a 30% year-over-year increase.
Furthermore, Alteryx increased its customer base by 12% to 7,936 customers. Looking ahead to full-year 2022, the company sees revenue landing in the range of $710 million to $720 million. Annual recurring revenue is expected to be between $805 million and $815 million.
Additionally, on March 1, the company introduced its unified end-to-end analytics automation platform, the Alteryx Analytics Cloud. This platform will help organizations enable all users across the organization to make decisions with their data.
With these developments in mind, let us have a look at what’s changed in Alteryx’s key risk factors that investors should know.
Risk Factors
According to the TipRanks Risk Factors tool, Alteryx’s top risk category is Finance & Corporate, contributing 29 of the total 68 risks identified for the stock.
However, in its recent report, the company has added one key risk factor under the Legal & Regulatory risk category, compared to a sector average of 6 Legal & Regulatory risk factors, Alteryx has 9.
Alteryx highlighted that the positions it may take or elect not to take on social and ethical issues may not be popular with different stakeholders. As a result, it may impact the company’s ability to attract or retain talent, partners, or customers.
Additionally, the company’s disclosures on environmental, social, and governance (ESG) initiatives, and any failure to meet these objectives may also impact its reputation and brand. Higher scrutiny stemming from the above could also adversely impact Alteryx’s reputation, business, and financials.
Hedge Fund Activity
According to TipRanks data, the Wall Street’s top hedge funds have decreased holdings in Alteryx by 145.1 thousand shares in the last quarter, indicating a very negative hedge fund confidence signal in the stock based on activities of 3 hedge funds.
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