Tableau Software (DATA) Stock Price Down 6.4%

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Tableau Software Inc (NYSE:DATA)’s share price traded down 6.4% during mid-day trading on Friday . The company traded as low as $127.70 and last traded at $127.85. 1,577,508 shares traded hands during mid-day trading, an increase of 24% from the average session volume of 1,272,614 shares. The stock had previously closed at $136.64.

A number of equities analysts have issued reports on the company. OTR Global lowered Tableau Software to a “positive” rating in a research report on Thursday, January 31st. Zacks Investment Research lowered Tableau Software from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Bank of America reissued a “buy” rating and set a $140.00 price target on shares of Tableau Software in a research report on Monday, December 3rd. Barclays upped their price target on Tableau Software to $137.00 and gave the company an “overweight” rating in a research report on Thursday, January 17th. Finally, Wells Fargo & Co upped their price target on Tableau Software from $110.00 to $125.00 and gave the company a “market perform” rating in a research report on Wednesday, February 6th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Tableau Software currently has a consensus rating of “Buy” and an average price target of $131.50.

The company has a market capitalization of $10.88 billion, a PE ratio of -40.08 and a beta of 1.26.

Tableau Software (NYSE:DATA) last announced its quarterly earnings data on Tuesday, February 5th. The software company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.05. Tableau Software had a negative return on equity of 26.26% and a negative net margin of 24.35%. The firm had revenue of $275.70 million during the quarter, compared to the consensus estimate of $271.62 million. During the same period in the prior year, the business earned $0.12 EPS. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. Research analysts anticipate that Tableau Software Inc will post -0.76 EPS for the current fiscal year.

In other news, Chairman Christian Chabot sold 200,000 shares of the stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $121.68, for a total transaction of $24,336,000.00. Following the transaction, the chairman now owns 203,536 shares of the company’s stock, valued at approximately $24,766,260.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William Bosworth sold 324 shares of the stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $133.95, for a total value of $43,399.80. Following the transaction, the director now directly owns 9,153 shares in the company, valued at approximately $1,226,044.35. The disclosure for this sale can be found here. Insiders have sold a total of 752,046 shares of company stock valued at $91,574,008 over the last ninety days. Company insiders own 19.22% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of DATA. Wells Fargo & Company MN raised its position in Tableau Software by 3.8% during the third quarter. Wells Fargo & Company MN now owns 63,568 shares of the software company’s stock worth $7,103,000 after acquiring an additional 2,301 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in Tableau Software by 23.4% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 3,894 shares of the software company’s stock worth $435,000 after acquiring an additional 739 shares during the period. SG Americas Securities LLC raised its position in Tableau Software by 275.3% during the third quarter. SG Americas Securities LLC now owns 6,384 shares of the software company’s stock worth $713,000 after acquiring an additional 4,683 shares during the period. Rhumbline Advisers raised its position in Tableau Software by 1.5% during the third quarter. Rhumbline Advisers now owns 72,127 shares of the software company’s stock worth $8,059,000 after acquiring an additional 1,095 shares during the period. Finally, Alliancebernstein L.P. raised its position in Tableau Software by 124.1% during the third quarter. Alliancebernstein L.P. now owns 84,491 shares of the software company’s stock worth $9,441,000 after acquiring an additional 46,794 shares during the period. 85.06% of the stock is currently owned by institutional investors and hedge funds.

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Tableau Software Company Profile (NYSE:DATA)

Tableau Software, Inc, together with its subsidiaries, provides business analytics software products. It offers Tableau Desktop, a self-service, powerful analytics product with data; Tableau Server, a business intelligence platform for organizations; Tableau Online, a hosted software-as-a-service version of Tableau Server; Tableau Prep, a data preparation product for combining, shaping, and cleaning data; and Tableau Public, a cloud-based platform for analyzing and sharing public data.

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