Tableau Software major shareholder Unloads $667,900 in Stock (DATA)
Tableau Software (NYSE:DATA) major shareholder Ryan D. Drant sold 10,000 shares of Tableau Software stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $66.79, for a total value of $667,900.00. Following the sale, the insider now directly owns 1,697 shares in the company, valued at approximately $113,343. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
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 given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $84.81.
Shares of Tableau Software (NYSE:DATA) traded down 0.98% on Wednesday, hitting $67.51. 1,263,956 shares of the company’s stock traded hands. Tableau Software has a 52 week low of $52.02 and a 52 week high of $102.37. The stock’s 50-day moving average is $61.94 and its 200-day moving average is $68.66. The company has a market cap of $4.638 billion and a P/E ratio of 1311.15.
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.
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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