Andrew Beers Sells 7,500 Shares of Tableau Software Inc. (DATA) Stock
Tableau Software Inc. (NYSE:DATA) insider Andrew Beers sold 7,500 shares of Tableau Software stock in a transaction on Friday, November 11th. The stock was sold at an average price of $47.13, for a total transaction of $353,475.00. Following the sale, the insider now directly owns 121,252 shares of the company’s stock, valued at $5,714,606.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Tableau Software Inc. (NYSE:DATA) opened at 46.55 on Wednesday. The stock has a 50 day moving average of $49.22 and a 200-day moving average of $52.38. Tableau Software Inc. has a 52 week low of $36.60 and a 52 week high of $98.68. The stock’s market capitalization is $3.54 billion.
Tableau Software (NYSE:DATA) last issued its quarterly earnings data on Tuesday, November 1st. The software company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.09. Tableau Software had a negative net margin of 21.14% and a negative return on equity of 21.72%. The firm had revenue of $206.10 million for the quarter, compared to the consensus estimate of $213.87 million. During the same quarter in the previous year, the firm earned $0.14 EPS. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. On average, equities research analysts expect that Tableau Software Inc. will post $0.30 EPS for the current year.
DATA has been the topic of a number of analyst reports. Vetr cut shares of Tableau Software from a “strong-buy” rating to a “buy” rating and set a $58.48 target price on the stock. in a research report on Tuesday, July 19th. DA Davidson cut shares of Tableau Software from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $101.00 to $59.00 in a research report on Wednesday, August 3rd. Maxim Group decreased their target price on shares of Tableau Software from $40.00 to $24.00 and set a “sell” rating on the stock in a research report on Wednesday, November 2nd. Deutsche Bank AG decreased their target price on shares of Tableau Software from $65.00 to $60.00 and set a “hold” rating on the stock in a research report on Wednesday, August 3rd. Finally, Cowen and Company reiterated a “market perform” rating and issued a $53.00 target price on shares of Tableau Software in a research report on Monday, August 1st. Four equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $62.14.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Credit Agricole S A boosted its stake in Tableau Software by 1.3% in the first quarter. Credit Agricole S A now owns 8,099 shares of the software company’s stock worth $372,000 after buying an additional 102 shares during the period. State Street Corp boosted its stake in Tableau Software by 3.5% in the first quarter. State Street Corp now owns 854,818 shares of the software company’s stock worth $39,210,000 after buying an additional 28,853 shares during the period. Riverhead Capital Management LLC bought a new stake in Tableau Software during the first quarter worth approximately $1,325,000. Geode Capital Management LLC boosted its stake in Tableau Software by 5.3% in the first quarter. Geode Capital Management LLC now owns 313,798 shares of the software company’s stock worth $14,384,000 after buying an additional 15,756 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Tableau Software by 114.2% in the first quarter. Renaissance Technologies LLC now owns 257,300 shares of the software company’s stock worth $11,802,000 after buying an additional 137,200 shares during the period. 69.86% of the stock is currently owned by hedge funds and other institutional investors.
Tableau Software Company Profile
Tableau Software, Inc (Tableau) offers software products. The Company’s technologies include visual query language (VizQL), a visual query language that translates drag-and-drop actions into data queries and then expresses the information visually, and Hybrid Data Architecture, which combines the Company’s Live Query and In-Memory Data Engines technologies.
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