Software stocks have taken a beating recently as sentiment has turned bearish due to fear of inflation and expectations of interest rate hikes. These fears are not unfounded as interest rates are near historic lows, and even a modest increase can have a dramatic impact on stock pricing models. One of the hardest hit software stocks during the market correction was Alteryx, Inc. (AYX), an industry leader in data analytics. The stock plummeted from $140 to less than $90 in one month and is now sitting on long-term support that has been in place since mid-2019.