Tableau Software major shareholder Sells $599,400 in Stock (DATA)
Tableau Software (NYSE:DATA) major shareholder Ryan D. Drant sold 10,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $59.94, for a total value of $599,400.00. Following the completion of the sale, the insider now directly owns 14,282 shares in the company, valued at approximately $856,063. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
A number of analysts have recently weighed in on DATA shares. 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 investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $84.81.
Shares of Tableau Software (NYSE:DATA) opened at 61.38 on Thursday. 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 $62.44 and a 200-day moving average of $70.5. The company has a market cap of $4.217 billion and a price-to-earnings ratio of 1187.69.
Tableau Software (NYSE:DATA) last released its earnings data on Thursday, July 31st. The company reported $0.05 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.01 earnings per share. Tableau Software’s revenue was up 81.8% compared to the same quarter last year. 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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