Traders Buy Large Volume of Tableau Software Call Options (DATA)

Tableau Software Inc (NYSE:DATA) was the target of unusually large options trading on Thursday. Stock traders acquired 9,609 call options on the stock. This is an increase of 1,478% compared to the typical volume of 609 call options.

Shares of Tableau Software (DATA) opened at $76.82 on Friday. Tableau Software has a 1-year low of $46.76 and a 1-year high of $82.32. The stock has a market capitalization of $6,130.00, a price-to-earnings ratio of -36.41 and a beta of 0.82.

Tableau Software (NYSE:DATA) last announced its quarterly earnings data on Thursday, November 2nd. The software company reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.07. Tableau Software had a negative return on equity of 20.89% and a negative net margin of 18.76%. The business had revenue of $214.90 million during the quarter, compared to analyst estimates of $219.43 million. During the same period last year, the company earned $0.16 earnings per share. Tableau Software’s quarterly revenue was up 4.3% compared to the same quarter last year. sell-side analysts expect that Tableau Software will post -1.64 EPS for the current fiscal year.

In other news, insider Christian Chabot sold 450,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $70.49, for a total transaction of $31,720,500.00. Following the completion of the sale, the insider now directly owns 231,820 shares of the company’s stock, valued at approximately $16,340,991.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 1,600 shares of the firm’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $68.45, for a total value of $109,520.00. Following the sale, the chief executive officer now directly owns 229,828 shares of the company’s stock, valued at $15,731,726.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 692,286 shares of company stock valued at $48,819,636. Corporate insiders own 28.98% of the company’s stock.

A number of institutional investors have recently bought and sold shares of DATA. Steward Partners Investment Advisory LLC increased its position in Tableau Software by 871.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,486 shares of the software company’s stock worth $102,000 after buying an additional 1,333 shares during the last quarter. ETF Managers Group LLC acquired a new position in Tableau Software during the second quarter worth $119,000. Invictus RG acquired a new position in Tableau Software during the third quarter worth $123,000. BNP Paribas Arbitrage SA increased its position in Tableau Software by 164.4% during the second quarter. BNP Paribas Arbitrage SA now owns 2,266 shares of the software company’s stock worth $139,000 after buying an additional 1,409 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Tableau Software by 7.9% during the second quarter. The Manufacturers Life Insurance Company now owns 2,287 shares of the software company’s stock worth $140,000 after buying an additional 167 shares during the last quarter. 81.07% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on the company. Bank of America increased their target price on Tableau Software from $84.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. KeyCorp restated a “buy” rating and issued a $85.00 target price on shares of Tableau Software in a report on Friday, October 6th. Barclays restated a “buy” rating and issued a $80.00 target price on shares of Tableau Software in a report on Wednesday, October 11th. Zacks Investment Research lowered Tableau Software from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $75.00 target price on shares of Tableau Software in a report on Wednesday, November 15th. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $72.41.

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Tableau Software Company Profile

Tableau Software, Inc (Tableau) offers software products. The Company’s products are used by people of diverse skill levels across all kinds of organizations. The Company’s products are used by people of skill levels across all kinds of organizations. Its technologies include visual query language (VizQL) and Hybrid Data Architecture.

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