One month ago, I posted comments to SeekingAlpha.com (http://bit.ly/2hX9HyA) on the positive short & long term prospects of Alteryx stock. At the time, the stock price was at $21.98 and in just 30 days, it has since increased in value by 24% so I thought I would re-share that feedback here:
I have been the 1st internal adopter of Alteryx at 2 Fortune 50s & a Big 4 IT consultancy and I can assure you, the cat will soon be out of the bag (re: Alteryx stock movement). This article does a fantastic job of outlining how Gartner & investors haven't historically appreciated Alteryx. However, business analysts & young data scientists in all functional areas (finance, hr, mktg, sales, acctng, ops...) & all industries do appreciate them and understand this offering. That is why they score so high in net retention + just won the 2017 Gartner Peer Insights Customer Choice Awards for Business Intelligence and Analytics (announced last week).
The market is used to seeing a product competing in one of the following categories: information management tool (ETL), cleansing & enrichment tool, BI tool, a reporting tool, an advanced analytical, a geospatial tool & an application to manage it all. Some companies compete in 2 (maybe 3) but Alteryx does it all. Furthermore, they do it with a slick GUI interface that eliminates the need to code (sql & open source R that can be edited if desired).
This is a game changer for organizations paying large salaries and competing for data professionals with coding skills. It means you don't need as many quants. Alteryx even addresses 2 major problem most others ignore--managing long, error-riddled code and creating a social environment that allows analysts to share, explore (data lineage & quality) & rate data (think Amazon review).
If people think that Alteryx is expensive, they just don't understand how much it would cost to acquire the same capabilities, how many vendors it would require to deal with and and how complicated it is stitch them all together.
I know at least 2 of the Big 4 accounting firms are heavily invested in Alteryx on 2 fronts--using to drive internal efficiency across their org and to drive efficient deployments as a service externally. I believe those organizations intend to rake in billions in consultancy revenue using and deploying this capability into enterprises over the coming years.
Disclaimer: I built a consultancy on this capability & I am an investor. I am also a current customer where I manage a rapid analytics team at a multi-billion dollar healthcare company.