Insider Selling: Keenan Michael Conder Sells 5,000 Shares of Tableau Software Stock (DATA)
Tableau Software (NYSE:DATA) VP Keenan Michael Conder sold 5,000 shares of the company’s stock on the open market in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $63.02, for a total transaction of $315,100.00. Following the sale, the vice president now directly owns 34,420 shares of the company’s stock, valued at approximately $2,169,148. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on DATA shares. Analysts at Goldman Sachs cut their price target on shares of Tableau Software from $115.00 to $85.00 in a research note on Thursday, May 22nd. They now have a “buy” rating on the stock. Separately, analysts at Susquehanna cut their price target on shares of Tableau Software from $89.00 to $74.00 in a research note on Tuesday, May 6th. Finally, analysts at Mizuho raised their price target on shares of Tableau Software from $60.00 to $65.00 in a research note on Tuesday, May 6th. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Tableau Software presently has an average rating of “Hold” and a consensus target price of $81.00.
Tableau Software (NYSE:DATA) traded down 1.32% during mid-day trading on Wednesday, hitting $62.02. The stock had a trading volume of 2,157,596 shares. Tableau Software has a one year low of $48.27 and a one year high of $102.37. The stock has a 50-day moving average of $59. and a 200-day moving average of $72.67. The company has a market cap of $4.215 billion and a P/E ratio of 1232.35. Tableau Software also saw a significant growth in short interest in May. As of May 15th, there was short interest totalling 3,303,459 shares, a growth of 69.7% from the April 30th total of 1,946,716 shares. Based on an average daily volume of 3,453,416 shares, the short-interest ratio is presently 1.0 days. Currently, 8.9% of the shares of the company are short sold.
Tableau Software (NYSE:DATA) last posted its quarterly earnings results on Monday, May 5th. The company reported ($0.01) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.11) by $0.10. The company had revenue of $74.60 million for the quarter, compared to the consensus estimate of $63.04 million. The company’s quarterly revenue was up 86.5% on a year-over-year basis. Analysts expect that Tableau Software will post $-0.09 EPS for the current fiscal year.
Tableau Software, Inc is a computer software company. The Company’s products are used by people across all kinds of organizations, including Fortune 500 corporations, small and medium-sized businesses, government agencies, universities, research institutions and non-profits.
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