Damon A. Fletcher Sells 1,067 Shares of Tableau Software Inc (DATA) Stock

Tableau Software Inc (NYSE:DATA) CFO Damon A. Fletcher sold 1,067 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $83.11, for a total value of $88,678.37. Following the completion of the transaction, the chief financial officer now directly owns 48,902 shares in the company, valued at $4,064,245.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Tableau Software Inc (DATA) opened at $82.16 on Thursday. The stock has a market capitalization of $6,591.47, a P/E ratio of -34.81 and a beta of 0.88. Tableau Software Inc has a 1 year low of $47.30 and a 1 year high of $87.00.

Tableau Software (NYSE:DATA) last issued its quarterly earnings results on Thursday, February 1st. The software company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. The company had revenue of $249.40 million for the quarter, compared to the consensus estimate of $240.63 million. Tableau Software had a negative return on equity of 23.76% and a negative net margin of 21.16%. Tableau Software’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.26 earnings per share. analysts expect that Tableau Software Inc will post -1.95 earnings per share for the current fiscal year.

A number of brokerages have recently weighed in on DATA. Bank of America increased their price objective on Tableau Software from $90.00 to $108.00 and gave the company a “buy” rating in a report on Friday, February 2nd. JMP Securities increased their price objective on Tableau Software from $77.00 to $94.00 and gave the company a “market outperform” rating in a report on Friday, February 2nd. Needham & Company LLC increased their price objective on Tableau Software to $113.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Wells Fargo & Co increased their price objective on Tableau Software to $90.00 and gave the company a “market perform” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research lowered Tableau Software from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $81.26.

Hedge funds have recently modified their holdings of the business. Steward Partners Investment Advisory LLC boosted its position in Tableau Software by 871.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,486 shares of the software company’s stock worth $102,000 after purchasing an additional 1,333 shares in the last quarter. American International Group Inc. purchased a new position in Tableau Software during the fourth quarter worth approximately $105,000. Invictus RG purchased a new position in Tableau Software during the third quarter worth approximately $123,000. The Manufacturers Life Insurance Company boosted its position in Tableau Software by 7.9% during the second quarter. The Manufacturers Life Insurance Company now owns 2,287 shares of the software company’s stock worth $140,000 after purchasing an additional 167 shares in the last quarter. Finally, Boston Advisors LLC purchased a new position in Tableau Software during the third quarter worth approximately $201,000. Institutional investors own 82.24% of the company’s stock.

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About Tableau Software

Tableau Software, Inc (Tableau) offers software products. The Company’s products are used by people of diverse skill levels across all kinds of organizations. The Company’s products are used by people of skill levels across all kinds of organizations. Its technologies include visual query language (VizQL) and Hybrid Data Architecture.

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