Insider Selling: Tableau Software major shareholder Sells 5,000 Shares of Stock (DATA)
Tableau Software (NYSE:DATA) major shareholder Ryan D. Drant sold 5,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $61.79, for a total transaction of $308,950.00. Following the transaction, the insider now directly owns 9,282 shares in the company, valued at approximately $573,535. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
A number of research firms have recently commented on DATA. 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 stock. The company presently has an average rating of “Buy” and an average price target of $84.81.
Tableau Software (NYSE:DATA) traded up 1.83% during mid-day trading on Tuesday, hitting $61.76. The stock had a trading volume of 861,873 shares. Tableau Software has a one year low of $52.02 and a one year high of $102.37. The stock has a 50-day moving average of $63.02 and a 200-day moving average of $70.75. The company has a market cap of $4.243 billion and a price-to-earnings ratio of 1166.35.
Tableau Software (NYSE:DATA) last issued its quarterly earnings data 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.
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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