Damon A. Fletcher Sells 9,278 Shares of Tableau Software Inc (DATA) Stock

Tableau Software Inc (NYSE:DATA) CFO Damon A. Fletcher sold 9,278 shares of Tableau Software stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $127.15, for a total transaction of $1,179,697.70. Following the sale, the chief financial officer now owns 59,437 shares of the company’s stock, valued at $7,557,414.55. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of DATA traded up $0.07 during trading hours on Wednesday, hitting $127.04. The stock had a trading volume of 1,715,958 shares, compared to its average volume of 1,406,005. Tableau Software Inc has a fifty-two week low of $77.32 and a fifty-two week high of $133.74. The stock has a market cap of $10.63 billion, a P/E ratio of -39.82 and a beta of 1.32.

Tableau Software (NYSE:DATA) last posted its earnings results on Tuesday, February 5th. The software company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.05. Tableau Software had a negative net margin of 24.35% and a negative return on equity of 26.78%. The firm had revenue of $275.70 million during the quarter, compared to analysts’ expectations of $271.62 million. During the same period in the previous year, the business posted $0.12 EPS. The business’s revenue was up 10.5% compared to the same quarter last year. Analysts forecast that Tableau Software Inc will post -0.76 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Garde Capital Inc. lifted its stake in shares of Tableau Software by 10.3% in the 4th quarter. Garde Capital Inc. now owns 19,089 shares of the software company’s stock valued at $2,291,000 after purchasing an additional 1,780 shares during the period. Amalgamated Bank lifted its stake in shares of Tableau Software by 67.7% in the 4th quarter. Amalgamated Bank now owns 15,919 shares of the software company’s stock valued at $1,910,000 after purchasing an additional 6,426 shares during the period. CI Investments Inc. lifted its stake in shares of Tableau Software by 14.1% in the 4th quarter. CI Investments Inc. now owns 342,353 shares of the software company’s stock valued at $41,082,000 after purchasing an additional 42,200 shares during the period. Millennium Management LLC lifted its stake in shares of Tableau Software by 337.5% in the 4th quarter. Millennium Management LLC now owns 575,863 shares of the software company’s stock valued at $69,104,000 after purchasing an additional 444,229 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of Tableau Software by 15.4% in the 4th quarter. Legal & General Group Plc now owns 41,029 shares of the software company’s stock valued at $4,924,000 after purchasing an additional 5,488 shares during the period. Hedge funds and other institutional investors own 83.52% of the company’s stock.

DATA has been the subject of several research reports. Morgan Stanley set a $117.00 price objective on shares of Tableau Software and gave the company a “hold” rating in a research note on Wednesday, October 24th. Royal Bank of Canada lifted their price objective on shares of Tableau Software to $120.00 and gave the company a “market perform” rating in a research note on Wednesday, November 7th. Barclays lifted their price objective on shares of Tableau Software to $137.00 and gave the company an “overweight” rating in a research note on Thursday, January 17th. Wedbush lifted their price objective on shares of Tableau Software from $128.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, November 7th. Finally, Bank of America restated a “buy” rating and set a $145.00 price objective on shares of Tableau Software in a research note on Wednesday, February 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $131.50.

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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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