Insider Selling: Forest Baskett Sells 52,312 Shares of Tableau Software Stock (DATA)
Tableau Software (NYSE:DATA) Director Forest Baskett sold 52,312 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $60.76, for a total value of $3,178,477.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Tableau Software (NYSE:DATA) traded down 1.66% during mid-day trading on Monday, hitting $59.97. The stock had a trading volume of 662,801 shares. Tableau Software has a 52-week low of $52.02 and a 52-week high of $102.37. The stock has a 50-day moving average of $61.86 and a 200-day moving average of $70.34. The company has a market cap of $4.120 billion and a P/E ratio of 1172.69.
Tableau Software (NYSE:DATA) last announced its 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.
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 research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has a consensus 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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