Tableau Software VP Kelly Wright Sells 50,000 Shares (DATA)
Tableau Software (NYSE:DATA) VP Kelly Wright sold 50,000 shares of Tableau Software stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $60.18, for a total transaction of $3,009,000.00. Following the transaction, the vice president now directly owns 194,087 shares in the company, valued at approximately $11,680,156. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Tableau Software (NYSE:DATA) traded up 2.18% during mid-day trading on Friday, hitting $60.98. The stock had a trading volume of 1,304,122 shares. Tableau Software has a one year low of $52.02 and a one year high of $102.37. The stock’s 50-day moving average is $62.09 and its 200-day moving average is $70.47. The company has a market cap of $4.189 billion and a price-to-earnings ratio of 1147.69.
Tableau Software (NYSE:DATA) last announced its earnings results 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.
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 company’s stock. Tableau Software currently has an average rating of “Buy” and a consensus 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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