Insider Selling: Ryan D. Drant Sells 5,000 Shares of Tableau Software Stock (DATA)
Tableau Software (NYSE:DATA) major shareholder Ryan D. Drant unloaded 5,000 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $61.79, for a total transaction of $308,950.00. Following the completion of the sale, the insider now directly owns 9,282 shares in the company, valued at approximately $573,535. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Shares of Tableau Software (NYSE:DATA) traded down 2.57% on Thursday, hitting $59.80. 738,923 shares of the company’s stock traded hands. 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 $4.108 billion and a price-to-earnings ratio of 1180.38.
Tableau Software (NYSE:DATA) last released its earnings data on Thursday, July 31st. The company reported $0.05 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.01 earnings per share. The company’s revenue for the quarter 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 assigned a buy rating to the company’s stock. Tableau Software has a consensus rating of “Buy” and an average price target 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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