Insider Selling: Tableau Software major shareholder Sells 10,000 Shares of Stock (DATA)
Tableau Software (NYSE:DATA) major shareholder Ryan D. Drant unloaded 10,000 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $61.94, for a total transaction of $619,400.00. Following the completion of the sale, the insider now directly owns 11,697 shares of the company’s stock, valued at approximately $724,512. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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.
Tableau Software (NYSE:DATA) traded up 1.30% on Wednesday, hitting $62.29. The stock had a trading volume of 776,882 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 $61.70 and its 200-day moving average is $69.67. The company has a market cap of $4.279 billion and a price-to-earnings ratio of 1182.50.
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. Analysts expect that Tableau Software will post $-0.02 EPS 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 analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently 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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