Damon A. Fletcher Sells 3,101 Shares of Tableau Software Inc (DATA) Stock

Tableau Software Inc (NYSE:DATA) CFO Damon A. Fletcher sold 3,101 shares of Tableau Software stock in a transaction on Monday, May 20th. The shares were sold at an average price of $121.06, for a total value of $375,407.06. Following the sale, the chief financial officer now directly owns 48,955 shares of the company’s stock, valued at approximately $5,926,492.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of NYSE:DATA traded down $2.75 on Monday, reaching $119.03. The company had a trading volume of 1,037,700 shares, compared to its average volume of 1,197,897. Tableau Software Inc has a twelve month low of $92.01 and a twelve month high of $136.92. The stock has a market capitalization of $10.50 billion, a P/E ratio of -37.31 and a beta of 1.19. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.62 and a quick ratio of 2.62.

Tableau Software (NYSE:DATA) last announced its quarterly earnings results on Thursday, May 2nd. The software company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.58) by $0.60. Tableau Software had a negative return on equity of 25.93% and a negative net margin of 27.58%. The company had revenue of $282.50 million during the quarter, compared to analysts’ expectations of $287.24 million. During the same quarter in the previous year, the firm earned $0.07 earnings per share. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. As a group, research analysts expect that Tableau Software Inc will post -0.81 EPS for the current fiscal year.

DATA has been the subject of a number of research reports. BTIG Research lifted their price objective on Tableau Software to $150.00 and gave the company a “buy” rating in a research report on Wednesday, February 6th. Stifel Nicolaus lifted their price objective on Tableau Software to $145.00 and gave the company a “buy” rating in a research report on Wednesday, February 6th. Bank of America reissued a “buy” rating and set a $145.00 price objective on shares of Tableau Software in a research report on Wednesday, February 6th. Deutsche Bank lifted their price objective on Tableau Software to $140.00 and gave the company a “buy” rating in a research report on Wednesday, February 6th. Finally, ValuEngine cut Tableau Software from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Tableau Software currently has an average rating of “Buy” and a consensus target price of $135.43.

Several large investors have recently made changes to their positions in DATA. Vanguard Group Inc increased its stake in shares of Tableau Software by 5.1% in the third quarter. Vanguard Group Inc now owns 6,118,849 shares of the software company’s stock worth $683,720,000 after purchasing an additional 299,635 shares during the period. BlackRock Inc. increased its stake in shares of Tableau Software by 30.1% in the first quarter. BlackRock Inc. now owns 4,997,006 shares of the software company’s stock worth $636,019,000 after purchasing an additional 1,155,835 shares during the period. FMR LLC increased its stake in shares of Tableau Software by 9.9% in the first quarter. FMR LLC now owns 4,377,068 shares of the software company’s stock worth $557,113,000 after purchasing an additional 392,991 shares during the period. Artisan Partners Limited Partnership increased its stake in shares of Tableau Software by 5.8% in the first quarter. Artisan Partners Limited Partnership now owns 3,600,954 shares of the software company’s stock worth $458,329,000 after purchasing an additional 196,207 shares during the period. Finally, Coatue Management LLC increased its stake in shares of Tableau Software by 63.2% in the fourth quarter. Coatue Management LLC now owns 2,412,405 shares of the software company’s stock worth $289,489,000 after purchasing an additional 934,635 shares during the period. 86.89% of the stock is owned by institutional investors.

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Tableau Software Company Profile

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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