Iconiq Strategic Partners II LP, a San Francisco-based venture capital firm specializing in growth investments, purchased 675,000 shares of Alteryx Inc. (AYX, Financial) for $14 per share, according to an SEC filing.Â
The firm now owns 296,382 total shares.
Headquartered in Irvine, California, Alteryx provides a platform for strategic analytics. It offers its services with a single workflow for data blending, analytics and reporting.
The company offers various products, including Alteryx Designer, Alteryx Server and Alteryx Analytics Gallery. Alteryx Designer is a repeatable workflow for self-service data analytics.
The company's platform serves the automotive, commercial real estate, restaurant and entertainment, consumer goods, retail franchising and telecommunications industries.
Alteryx has a market cap of $880.29 million, an enterprise value of $827.92 million, a quick ratio of 1.17 and 56.32 million shares outstanding.
The company's customers include The Home Depot Inc. (HD, Financial), Sally Beauty Holdings Inc. (SBH, Financial), GameStop Corp. (GME, Financial), Dell Technologies Inc. (DVMT, Financial), Ford Motor Co. (F, Financial), Nike Inc. (NKE, Financial) and Western Union Co. (WU, Financial).
On March 24, the company had its initial public offering of 9 million shares, which began trading at $14 per share. Shares closed at $15.50 a share on Friday afternoon after reaching a high of $17.50.
The company has a 5 of 10 financial strength rating with no debt. It has a 2 of 10 profitability rating with an operating margin of -10.68% and a net margin of -11.30%.
CNBC interviewed Dean Stoecker, Alteryx's CEO, the day of the compay's IPO. These were a few of his comments.
“Alteryx is a platform that allows an analyst to prepare and blend and then, most importantly, analyze any kind of data. Big, little structured, unstructured data in the cloud, on the ground, you can consume any content, apply any analytic process, from basic arithmetic to algorithmic to statistical to predictive, and then be able to share the result with with people who matter most in metaphors that they can understand. Whether it's to a spreadsheet, to a word document, to a dashboard, to a sales force in a next best action model," Stoecker said. "We make it really easy for analysts around the world- the citizen data scientist- to become productive in their work.”
Disclosure: Author does not own any shares of this company.
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