Adam Selipsky Sells 3,400 Shares of Tableau Software Inc (DATA) Stock

Tableau Software Inc (NYSE:DATA) insider Adam Selipsky sold 3,400 shares of the stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $125.63, for a total transaction of $427,142.00. Following the transaction, the insider now directly owns 228,716 shares in the company, valued at approximately $28,733,591.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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, hitting $123.43. The stock had a trading volume of 744,927 shares, compared to its average volume of 1,092,805. Tableau Software Inc has a 1-year low of $69.00 and a 1-year high of $129.28. The firm has a market capitalization of $10.69 billion, a P/E ratio of -52.75 and a beta of 1.36.

Tableau Software (NYSE:DATA) last announced its quarterly earnings results on Tuesday, November 6th. The software company reported ($0.82) EPS for the quarter, missing the 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 analyst estimates of $242.19 million. During the same quarter in the previous year, the business posted $0.08 EPS. Tableau Software’s revenue for the quarter was up 11.5% compared to the same quarter last year. Sell-side analysts anticipate that Tableau Software Inc will post -2.88 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the business. CIBC Private Wealth Group LLC acquired a new stake in shares of Tableau Software in the second quarter valued at approximately $126,000. Penserra Capital Management LLC acquired a new stake in shares of Tableau Software in the third quarter valued at approximately $156,000. Harvest Fund Management Co. Ltd increased its stake in shares of Tableau Software by 158.7% during the third quarter. Harvest Fund Management Co. Ltd now owns 1,816 shares of the software company’s stock valued at $203,000 after acquiring an additional 1,114 shares during the period. Pennsylvania Trust Co acquired a new position in shares of Tableau Software during the third quarter valued at approximately $210,000. Finally, Meridian Investment Counsel Inc. acquired a new position in shares of Tableau Software during the third quarter valued at approximately $216,000. Institutional investors own 84.93% of the company’s stock.

DATA has been the topic of several research reports. Bank of America reiterated a “buy” rating and set a $140.00 price objective on shares of Tableau Software in a research note on Monday, December 3rd. Citigroup set a $148.00 price objective on shares of Tableau Software and gave the stock a “buy” rating in a research note on Wednesday, November 7th. Maxim Group increased their price objective 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. Morgan Stanley set a $117.00 price objective on shares of Tableau Software and gave the stock a “hold” rating in a research note on Wednesday, October 24th. Finally, Royal Bank of Canada increased their price objective on shares of Tableau Software to $120.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 7th. Two equities 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 issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $118.41.

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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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