Alteryx jumps after Reuters says company exploring possible sale

Shares of data analytics software company Alteryx are up $4.04, or 13%, to $34.43 after Reuters’ Milana Vinn reported that the company has been working with an investment bank to explore a potential sale after attracting takeover interest. People familiar with the matter said the company is being advised by investment bank Qatalyst Partners on its discussions with potential acquirers, which include private equity firms, according to the report. Alteryx’s valuation has made it an acquisition target after its shares had lost almost half their value in the last 12 months prior to news of its exploring a sale, the report noted. Expressions of interest that Alteryx has received thus far have not met its valuation expectations, and the company may decide against any deal, the sources added.