Tableau Software (DATA) Trading Down 6.4%

Tableau Software Inc (NYSE:DATA) shares were down 6.4% on Friday . The stock traded as low as $127.70 and last traded at $127.85. Approximately 1,577,508 shares were traded during trading, an increase of 24% from the average daily volume of 1,272,614 shares. The stock had previously closed at $136.64.

Several analysts recently weighed in on DATA shares. First Analysis raised shares of Tableau Software from a “neutral” rating to an “outperform” rating and raised their target price for the company from $105.00 to $123.00 in a report on Sunday, November 25th. Bank of America reissued a “buy” rating and set a $140.00 price objective on shares of Tableau Software in a report on Monday, December 3rd. Zacks Investment Research upgraded shares of Tableau Software from a “hold” rating to a “buy” rating and set a $133.00 target price on the stock in a research report on Thursday, January 3rd. Barclays raised their target price on shares of Tableau Software to $137.00 and gave the stock an “overweight” rating in a research report on Thursday, January 17th. Finally, OTR Global lowered shares of Tableau Software to a “positive” rating in a research report on Thursday, January 31st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $131.50.

The stock has a market capitalization of $10.88 billion, a PE ratio of -40.08 and a beta of 1.26.



Tableau Software (NYSE:DATA) last posted its quarterly earnings data on Tuesday, February 5th. The software company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.05. Tableau Software had a negative net margin of 24.35% and a negative return on equity of 26.26%. The firm had revenue of $275.70 million for the quarter, compared to analyst estimates of $271.62 million. During the same period last year, the firm posted $0.12 EPS. Tableau Software’s quarterly revenue was up 10.5% on a year-over-year basis. Analysts forecast that Tableau Software Inc will post -0.76 earnings per share for the current fiscal year.

In related news, insider Adam Selipsky sold 21,567 shares of Tableau Software stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $127.43, for a total value of $2,748,282.81. Following the transaction, the insider now directly owns 278,057 shares in the company, valued at approximately $35,432,803.51. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Chris Stolte sold 190,000 shares of Tableau Software stock in a transaction on Monday, February 11th. The shares were sold at an average price of $121.47, for a total transaction of $23,079,300.00. Following the completion of the transaction, the insider now owns 98,536 shares in the company, valued at $11,969,167.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 752,046 shares of company stock worth $91,574,008. 19.22% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Pennsylvania Trust Co boosted its position in shares of Tableau Software by 8.0% during the 4th quarter. Pennsylvania Trust Co now owns 2,025 shares of the software company’s stock worth $243,000 after purchasing an additional 150 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Tableau Software by 14.2% during the 3rd quarter. Canada Pension Plan Investment Board now owns 64,400 shares of the software company’s stock worth $7,196,000 after purchasing an additional 8,000 shares in the last quarter. Rehmann Capital Advisory Group boosted its position in shares of Tableau Software by 10,980.9% during the 3rd quarter. Rehmann Capital Advisory Group now owns 40,002 shares of the software company’s stock worth $358,000 after purchasing an additional 39,641 shares in the last quarter. Baillie Gifford & Co. boosted its position in shares of Tableau Software by 15.6% during the 4th quarter. Baillie Gifford & Co. now owns 2,060,560 shares of the software company’s stock worth $247,267,000 after purchasing an additional 278,339 shares in the last quarter. Finally, Tradewinds Capital Management LLC boosted its position in shares of Tableau Software by 47.1% during the 4th quarter. Tradewinds Capital Management LLC now owns 581 shares of the software company’s stock worth $70,000 after purchasing an additional 186 shares in the last quarter. Institutional investors own 85.06% of the company’s stock.

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Tableau Software Company Profile (NYSE:DATA)

Tableau Software, Inc, together with its subsidiaries, provides business analytics software products. It offers Tableau Desktop, a self-service, powerful analytics product with data; Tableau Server, a business intelligence platform for organizations; Tableau Online, a hosted software-as-a-service version of Tableau Server; Tableau Prep, a data preparation product for combining, shaping, and cleaning data; and Tableau Public, a cloud-based platform for analyzing and sharing public data.

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