Tableau Software Inc (NYSE:DATA) CFO Damon A. Fletcher sold 1,067 shares of the business’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 sale, the chief financial officer now owns 48,902 shares in the company, valued at approximately $4,064,245.22. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of Tableau Software Inc (DATA) opened at $82.66 on Wednesday. Tableau Software Inc has a 12 month low of $47.30 and a 12 month high of $87.00.
Tableau Software (NYSE:DATA) last announced its quarterly earnings results on Thursday, February 1st. The software company reported $0.12 EPS for the quarter, beating the Thomson Reuters’ 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 firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.26 EPS. analysts forecast that Tableau Software Inc will post -1.95 EPS for the current fiscal year.
Several analysts have issued reports on the company. UBS Group set a $108.00 price objective on Tableau Software and gave the stock a “buy” rating in a report on Wednesday, February 14th. Zacks Investment Research downgraded Tableau Software from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Bank of America boosted their price objective on Tableau Software from $90.00 to $108.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. JMP Securities boosted their price objective on Tableau Software from $77.00 to $94.00 and gave the stock a “market outperform” rating in a report on Friday, February 2nd. Finally, Stifel Nicolaus restated a “buy” rating and set a $95.00 price objective on shares of Tableau Software in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $81.26.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp grew its stake in shares of Tableau Software by 5.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 233,562 shares of the software company’s stock valued at $17,492,000 after buying an additional 11,957 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in 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 during the period. Northern Trust Corp boosted its position in 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 during the period. Hollencrest Capital Management boosted its position in 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 during the period. Finally, Hanseatic Management Services Inc. bought a new stake in Tableau Software during the third quarter worth approximately $809,000. 82.24% of the stock is owned by institutional investors and hedge funds.
Tableau Software Company Profile
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.
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