Insider Selling: Tableau Software Inc (DATA) CFO Sells $88,678.37 in Stock

Tableau Software Inc (NYSE:DATA) CFO Damon A. Fletcher sold 1,067 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $83.11, for a total value of $88,678.37. Following the completion of the sale, the chief financial officer now directly owns 48,902 shares of the company’s stock, valued at approximately $4,064,245.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Tableau Software Inc (NYSE:DATA) traded up $0.61 during trading on Friday, hitting $82.55. The stock had a trading volume of 19,809 shares, compared to its average volume of 1,042,793. The stock has a market capitalization of $6,551.60, a PE ratio of -34.95 and a beta of 0.88. Tableau Software Inc has a 1-year low of $47.30 and a 1-year high of $87.00.

Tableau Software (NYSE:DATA) last posted its quarterly earnings data on Thursday, February 1st. The software company reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.09. The business had revenue of $249.40 million during the quarter, compared to analysts’ expectations of $240.63 million. Tableau Software had a negative return on equity of 23.76% and a negative net margin of 21.16%. The business’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 earnings per share. equities analysts predict that Tableau Software Inc will post -1.95 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its position in shares of Tableau Software by 5.4% during the third quarter. Bank of New York Mellon Corp now owns 233,562 shares of the software company’s stock worth $17,492,000 after purchasing an additional 11,957 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Tableau Software by 10.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 254,957 shares of the software company’s stock worth $19,094,000 after purchasing an additional 24,776 shares in the last quarter. Northern Trust Corp increased its position in shares of Tableau Software by 5.8% during the second quarter. Northern Trust Corp now owns 283,245 shares of the software company’s stock worth $17,355,000 after purchasing an additional 15,561 shares in the last quarter. Hollencrest Capital Management increased its position in shares of Tableau Software by 11.4% during the fourth quarter. Hollencrest Capital Management now owns 21,913 shares of the software company’s stock worth $1,516,000 after purchasing an additional 2,234 shares in the last quarter. Finally, Hanseatic Management Services Inc. purchased a new stake in shares of Tableau Software during the third quarter worth approximately $809,000. Hedge funds and other institutional investors own 82.24% of the company’s stock.

Several equities research analysts have weighed in on DATA shares. Drexel Hamilton reissued a “hold” rating on shares of Tableau Software in a report on Monday, October 30th. Morgan Stanley raised their price target on Tableau Software from $68.00 to $71.00 and gave the stock an “equal weight” rating in a report on Thursday, November 2nd. Mizuho reissued a “hold” rating and issued a $68.00 price target on shares of Tableau Software in a report on Thursday, November 2nd. Jefferies Group lowered their price target on Tableau Software from $70.00 to $67.00 and set a “hold” rating for the company in a report on Friday, November 3rd. Finally, BMO Capital Markets raised their price target on Tableau Software from $70.00 to $77.00 and gave the stock a “market perform” rating in a report on Friday, November 3rd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Tableau Software currently has a consensus rating of “Hold” and a consensus price target of $81.26.

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About Tableau Software

Tableau Software, Inc (Tableau) offers software products. The Company’s products are used by people of diverse skill levels across all kinds of organizations. The Company’s products are used by people of skill levels across all kinds of organizations. Its technologies include visual query language (VizQL) and Hybrid Data Architecture.

Insider Buying and Selling by Quarter for Tableau Software (NYSE:DATA)

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