Archon Capital Management LLC Has $1.94 Million Holdings in Tableau Software Inc Class A (NYSE:DATA)

Archon Capital Management LLC cut its stake in shares of Tableau Software Inc Class A (NYSE:DATA) by 36.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,992 shares of the software company’s stock after selling 13,750 shares during the period. Tableau Software Inc Class A comprises approximately 0.2% of Archon Capital Management LLC’s investment portfolio, making the stock its 17th biggest position. Archon Capital Management LLC’s holdings in Tableau Software Inc Class A were worth $1,939,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. American International Group Inc. acquired a new stake in Tableau Software Inc Class A in the fourth quarter valued at $105,000. Comerica Bank acquired a new stake in Tableau Software Inc Class A during the 1st quarter worth about $213,000. Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new stake in Tableau Software Inc Class A during the 1st quarter worth about $209,000. CIBC Asset Management Inc acquired a new stake in Tableau Software Inc Class A during the 1st quarter worth about $210,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in Tableau Software Inc Class A during the 1st quarter worth about $226,000. Institutional investors own 80.39% of the company’s stock.

In other news, CEO Adam Selipsky sold 6,948 shares of the firm’s stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $93.41, for a total transaction of $649,012.68. Following the completion of the sale, the chief executive officer now owns 286,401 shares in the company, valued at approximately $26,752,717.41. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Andrew Beers sold 2,188 shares of the firm’s stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $93.54, for a total transaction of $204,665.52. Following the sale, the insider now owns 57,296 shares of the company’s stock, valued at approximately $5,359,467.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 988,061 shares of company stock valued at $91,526,607. 19.22% of the stock is currently owned by company insiders.

DATA has been the subject of a number of recent analyst reports. UBS Group set a $108.00 price target on Tableau Software Inc Class A and gave the stock a “buy” rating in a report on Wednesday, February 14th. ValuEngine upgraded Tableau Software Inc Class A from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Zacks Investment Research raised shares of Tableau Software Inc Class A from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 4th. Monness Crespi & Hardt assumed coverage on shares of Tableau Software Inc Class A in a research report on Wednesday, April 11th. They set a “neutral” rating on the stock. Finally, Barclays reissued a “buy” rating and set a $102.00 price objective on shares of Tableau Software Inc Class A in a research report on Sunday, April 22nd. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Tableau Software Inc Class A currently has an average rating of “Hold” and a consensus price target of $95.23.

NYSE:DATA traded up $0.74 on Thursday, hitting $102.04. The stock had a trading volume of 771,413 shares, compared to its average volume of 899,168. The firm has a market cap of $8.14 billion, a price-to-earnings ratio of -43.61 and a beta of 0.82. Tableau Software Inc Class A has a 1 year low of $60.43 and a 1 year high of $103.39.

Tableau Software Inc Class A (NYSE:DATA) last posted its quarterly earnings data on Wednesday, May 2nd. The software company reported ($0.19) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.01). The firm had revenue of $224.00 million during the quarter, compared to analysts’ expectations of $217.92 million. Tableau Software Inc Class A had a negative net margin of 19.21% and a negative return on equity of 23.86%. The company’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the business posted $0.03 EPS. analysts expect that Tableau Software Inc Class A will post -2.4 earnings per share for the current year.

Tableau Software Inc Class A Profile

Tableau Software, Inc provides business analytics software products. It offers Tableau Desktop, an analytics product that empowers people to access and analyze data; and Tableau Server, a business intelligence platform with data management and scalability to foster sharing of analytics, as well as to enhance the dissemination of information in an organization and promote decision-making.

Institutional Ownership by Quarter for Tableau Software Inc Class A (NYSE:DATA)

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