Tableau Software Inc (DATA) Insider Pat Hanrahan Sells 400,000 Shares

Tableau Software Inc (NYSE:DATA) insider Pat Hanrahan sold 400,000 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $78.50, for a total value of $31,400,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Tableau Software Inc (DATA) traded down $1.68 during mid-day trading on Thursday, hitting $76.15. The stock had a trading volume of 1,345,510 shares, compared to its average volume of 1,131,297. Tableau Software Inc has a 12-month low of $47.30 and a 12-month high of $87.00. The firm has a market capitalization of $6,100.00, a price-to-earnings ratio of -32.27 and a beta of 0.88.

Tableau Software (NYSE:DATA) last announced its quarterly earnings results on Thursday, February 1st. The software company reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.09. Tableau Software had a negative return on equity of 23.76% and a negative net margin of 21.16%. The firm had revenue of $249.40 million for the quarter, compared to analyst estimates of $240.63 million. During the same period last year, the firm posted $0.26 earnings per share. The business’s revenue for the quarter was down .5% on a year-over-year basis. sell-side analysts forecast that Tableau Software Inc will post -1.95 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC raised its position in shares of 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 acquiring an additional 1,333 shares during the last quarter. Invictus RG bought a new position in shares of Tableau Software during the third quarter worth about $123,000. The Manufacturers Life Insurance Company raised its position in shares of 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 acquiring an additional 167 shares during the last quarter. Boston Advisors LLC bought a new position in shares of Tableau Software during the third quarter worth about $201,000. Finally, World Asset Management Inc bought a new position in shares of Tableau Software during the third quarter worth about $210,000. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages recently commented on DATA. Drexel Hamilton restated a “hold” rating on shares of Tableau Software in a research report on Monday, October 30th. Raymond James Financial began coverage on Tableau Software in a research note on Wednesday, January 17th. They issued a “market perform” rating on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $75.00 price objective (up from $70.00) on shares of Tableau Software in a research note on Wednesday, October 11th. Mizuho reaffirmed a “hold” rating and issued a $68.00 price objective on shares of Tableau Software in a research note on Thursday, November 2nd. Finally, Morgan Stanley raised their price objective on Tableau Software from $68.00 to $71.00 and gave the company an “equal weight” rating in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $81.00.

ILLEGAL ACTIVITY WARNING: This news story was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another domain, it was copied illegally and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this news story can be read at https://www.americanbankingnews.com/2018/02/08/tableau-software-inc-data-insider-pat-hanrahan-sells-400000-shares.html.

About Tableau Software

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.

Insider Buying and Selling by Quarter for Tableau Software (NYSE:DATA)

Receive News & Ratings for Tableau Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tableau Software and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply