Insider Selling: Tableau Software Inc (DATA) CEO Sells 8,995 Shares of Stock

Tableau Software Inc (NYSE:DATA) CEO Adam Selipsky sold 8,995 shares of Tableau Software stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $123.13, for a total value of $1,107,554.35. Following the transaction, the chief executive officer now owns 239,813 shares in the company, valued at $29,528,174.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

  • On Monday, May 20th, Adam Selipsky sold 11,828 shares of Tableau Software stock. The stock was sold at an average price of $122.08, for a total value of $1,443,962.24.
  • On Friday, March 1st, Adam Selipsky sold 5,668 shares of Tableau Software stock. The stock was sold at an average price of $131.55, for a total value of $745,625.40.
  • On Wednesday, February 20th, Adam Selipsky sold 21,567 shares of Tableau Software stock. The stock was sold at an average price of $127.43, for a total value of $2,748,282.81.

Shares of DATA traded down $2.75 during midday trading on Monday, hitting $119.03. The stock 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 company has a market capitalization of $10.50 billion, a price-to-earnings 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 released its quarterly earnings results on Thursday, May 2nd. The software company reported $0.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $282.50 million for the quarter, compared to the consensus estimate of $287.24 million. During the same quarter last year, the business posted $0.07 EPS. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. Sell-side analysts anticipate that Tableau Software Inc will post -0.81 earnings per share for the current fiscal year.

Several research analysts have weighed in on DATA shares. Wedbush reiterated an “outperform” rating and set a $142.00 target price (up from $128.00) on shares of Tableau Software in a report on Monday, February 4th. Wells Fargo & Co lifted their target price on Tableau Software from $110.00 to $125.00 and gave the stock a “market perform” rating in a report on Wednesday, February 6th. Jefferies Financial Group lifted their target price on Tableau Software to $115.00 and gave the stock a “hold” rating in a report on Wednesday, February 6th. BMO Capital Markets reduced their target price on Tableau Software from $145.00 to $140.00 and set a “market perform” rating on the stock in a report on Tuesday, April 23rd. Finally, Stifel Nicolaus lifted their target price on Tableau Software to $145.00 and gave the stock a “buy” rating in a report on Wednesday, February 6th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Tableau Software presently has an average rating of “Buy” and an average price target of $135.43.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Carroll Financial Associates Inc. raised its stake in shares of Tableau Software by 69.4% in the 1st quarter. Carroll Financial Associates Inc. now owns 271 shares of the software company’s stock valued at $34,000 after purchasing an additional 111 shares during the period. Advisors Asset Management Inc. acquired a new stake in shares of Tableau Software in the 4th quarter valued at about $39,000. Neuburgh Advisers LLC acquired a new stake in shares of Tableau Software in the fourth quarter valued at about $46,000. Pittenger & Anderson Inc. increased its position in shares of Tableau Software by 100.0% in the first quarter. Pittenger & Anderson Inc. now owns 500 shares of the software company’s stock valued at $64,000 after acquiring an additional 250 shares during the last quarter. Finally, AdvisorNet Financial Inc acquired a new stake in shares of Tableau Software in the first quarter valued at about $64,000. 86.89% of the stock is currently owned by hedge funds and other 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.

Further Reading: When is a capital gain realized?

Insider Buying and Selling by Quarter for Tableau Software (NYSE:DATA)

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