Tableau Software major shareholder Ryan D. Drant Sells 2,000 Shares (DATA)
Tableau Software (NYSE:DATA) major shareholder Ryan D. Drant unloaded 2,000 shares of the company’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $60.38, for a total value of $120,760.00. Following the completion of the transaction, the insider now directly owns 24,282 shares in the company, valued at approximately $1,466,147. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Tableau Software (NYSE:DATA) traded up 5.12% during mid-day trading on Wednesday, hitting $61.22. The stock had a trading volume of 1,767,653 shares. Tableau Software has a 1-year low of $52.02 and a 1-year high of $102.37. The stock has a 50-day moving average of $64.15 and a 200-day moving average of $71.21. The company has a market cap of $4.206 billion and a price-to-earnings ratio of 1120.00.
Tableau Software (NYSE:DATA) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.04) by $0.09. The company had revenue of $90.70 million for the quarter, compared to the consensus estimate of $79.69 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. The company’s quarterly revenue was up 81.8% on a year-over-year basis. On average, analysts predict that Tableau Software will post $-0.02 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Susquehanna raised their price target on shares of Tableau Software from $74.00 to $76.00 in a research note on Friday, August 1st. Separately, analysts at BMO Capital Markets raised their price target on shares of Tableau Software from $75.00 to $80.00 in a research note on Friday, August 1st. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Tableau Software in a research note on Friday, August 1st. They now have a $80.00 price target on the stock, up previously from $75.00. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Tableau Software presently has an average rating of “Buy” and an average target price of $84.81.
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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