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Why Alteryx Stock Gained 27% in May

Jeremy Bowman, The Motley Fool
·3 min read
Why Alteryx Stock Gained 27% in May

Shares of Alteryx (NYSE: AYX) were climbing again last month as the cloud-based data analytics provider continued to rebound from the stock market crash in March. Alteryx shares actually pulled back briefly after the company's first-quarter earnings report, but rallied later in the month with the help of an analyst upgrade and broader gains among SaaS (software-as-a-service) stocks. According to data from S&P Global Market Intelligence, Alteryx finished last month up 27%.

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