Tableau Software (NYSE:DATA) Director Elliott H. Jurgensen, Jr. sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 8th. The shares were sold at an average price of $91.82, for a total value of $275,460.00. Following the completion of the transaction, the director now directly owns 4,781 shares in the company, valued at $438,991.42. The transaction was disclosed in a filing with the SEC, which is available at this link.
NYSE:DATA opened at $94.99 on Friday. The company has a market capitalization of $7.76 billion, a price-to-earnings ratio of -40.59 and a beta of 0.78.
Tableau Software (NYSE:DATA) last posted its quarterly earnings data on Wednesday, May 2nd. The software company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.01). The company had revenue of $224.00 million during the quarter, compared to analysts’ expectations of $217.92 million. Tableau Software had a negative return on equity of 23.86% and a negative net margin of 19.21%. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the company earned $0.03 earnings per share. analysts forecast that Tableau Software will post -2.4 EPS for the current year.
DATA has been the topic of several analyst reports. Monness Crespi & Hardt initiated coverage on Tableau Software in a research report on Wednesday, April 11th. They issued a “neutral” rating on the stock. Barclays reaffirmed a “buy” rating and issued a $102.00 price objective on shares of Tableau Software in a research report on Sunday, April 22nd. Mizuho reaffirmed a “neutral” rating and issued a $85.00 price objective (up from $68.00) on shares of Tableau Software in a research report on Thursday, February 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price objective (up from $113.00) on shares of Tableau Software in a research report on Thursday, May 3rd. Finally, BMO Capital Markets upped their price objective on Tableau Software from $92.00 to $102.00 and gave the company an “outperform” rating in a research report on Thursday, May 3rd. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $93.00.
Large investors have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC increased its stake in shares of Tableau Software by 871.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,486 shares of the software company’s stock worth $102,000 after purchasing an additional 1,333 shares in the last quarter. American International Group Inc. purchased a new stake in shares of Tableau Software in the 4th quarter worth $105,000. CIBC Asset Management Inc purchased a new stake in shares of Tableau Software in the 1st quarter worth $210,000. Comerica Bank purchased a new stake in shares of Tableau Software in the 1st quarter worth $213,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Tableau Software by 50.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,160 shares of the software company’s stock worth $219,000 after purchasing an additional 1,055 shares in the last quarter. Hedge funds and other institutional investors own 83.10% of the company’s stock.
About Tableau Software
Tableau Software, Inc provides business analytics software products. It offers Tableau Desktop, an analytics product that empowers people to access and analyze data; and Tableau Server, a business intelligence platform with data management and scalability to foster sharing of analytics, as well as to enhance the dissemination of information in an organization and promote decision-making.
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