Insider Selling: Tableau Software Inc (DATA) Insider Sells 3,400 Shares of Stock

Tableau Software Inc (NYSE:DATA) insider Adam Selipsky sold 3,400 shares of the business’s stock in a transaction that occurred on Thursday, December 6th. The shares were sold at an average price of $125.63, for a total transaction of $427,142.00. Following the completion of the sale, the insider now directly owns 228,716 shares in the company, valued at $28,733,591.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Adam Selipsky also recently made the following trade(s):

  • On Tuesday, November 27th, Adam Selipsky sold 1,650 shares of Tableau Software stock. The stock was sold at an average price of $112.55, for a total transaction of $185,707.50.
  • On Thursday, November 29th, Adam Selipsky sold 21,300 shares of Tableau Software stock. The stock was sold at an average price of $121.23, for a total transaction of $2,582,199.00.
  • On Friday, November 16th, Adam Selipsky sold 6,871 shares of Tableau Software stock. The stock was sold at an average price of $117.18, for a total transaction of $805,143.78.
  • On Tuesday, November 20th, Adam Selipsky sold 10,171 shares of Tableau Software stock. The stock was sold at an average price of $113.51, for a total transaction of $1,154,510.21.

Shares of NYSE:DATA traded down $4.54 during trading hours on Friday, reaching $123.43. The stock had a trading volume of 744,900 shares, compared to its average volume of 893,647. Tableau Software Inc has a 1 year low of $69.00 and a 1 year high of $129.28. The company has a market cap of $10.34 billion, a PE ratio of -52.75 and a beta of 1.36.

Tableau Software (NYSE:DATA) last announced its quarterly earnings data on Tuesday, November 6th. The software company reported ($0.82) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.67) by ($0.15). Tableau Software had a negative net margin of 22.39% and a negative return on equity of 25.49%. The firm had revenue of $239.60 million during the quarter, compared to analysts’ expectations of $242.19 million. During the same period in the prior year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. As a group, research analysts expect that Tableau Software Inc will post -2.88 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of DATA. CIBC Private Wealth Group LLC acquired a new position in shares of Tableau Software in the 2nd quarter valued at $126,000. Penserra Capital Management LLC acquired a new position in shares of Tableau Software in the 3rd quarter valued at $156,000. Harvest Fund Management Co. Ltd boosted its holdings in shares of Tableau Software by 158.7% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,816 shares of the software company’s stock valued at $203,000 after buying an additional 1,114 shares in the last quarter. Pennsylvania Trust Co acquired a new position in shares of Tableau Software in the 3rd quarter valued at $210,000. Finally, Meridian Investment Counsel Inc. acquired a new position in shares of Tableau Software in the 3rd quarter valued at $216,000. Institutional investors and hedge funds own 84.93% of the company’s stock.

Several brokerages recently weighed in on DATA. Maxim Group upped their target price on shares of Tableau Software from $107.00 to $127.00 and gave the stock a “hold” rating in a research note on Wednesday, November 7th. JPMorgan Chase & Co. upped their target price on shares of Tableau Software to $125.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 7th. Royal Bank of Canada upped their target price on shares of Tableau Software to $120.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 7th. Citigroup set a $148.00 target price on shares of Tableau Software and gave the stock a “buy” rating in a research note on Wednesday, November 7th. Finally, Wedbush upped their target price on shares of Tableau Software from $128.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 7th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $118.41.

COPYRIGHT VIOLATION WARNING: “Insider Selling: Tableau Software Inc (DATA) Insider Sells 3,400 Shares of Stock” was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this story on another domain, it was stolen and republished in violation of United States & international copyright & trademark laws. The correct version of this story can be accessed at https://www.dispatchtribunal.com/2018/12/07/insider-selling-tableau-software-inc-data-insider-sells-3400-shares-of-stock.html.

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.

Further Reading: What are the components of an earnings report?

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