Tableau Software Inc (NYSE:DATA) insider Chris Stolte sold 285,000 shares of the stock in a transaction on Friday, November 9th. The shares were sold at an average price of $114.00, for a total value of $32,490,000.00. Following the completion of the sale, the insider now owns 288,536 shares of the company’s stock, valued at approximately $32,893,104. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Chris Stolte also recently made the following trade(s):

  • On Monday, November 26th, Chris Stolte sold 95,000 shares of Tableau Software stock. The stock was sold at an average price of $110.96, for a total value of $10,541,200.00.
  • On Tuesday, November 13th, Chris Stolte sold 380,000 shares of Tableau Software stock. The shares were sold at an average price of $113.32, for a total value of $43,061,600.00.
  • On Monday, August 27th, Chris Stolte sold 95,000 shares of Tableau Software stock. The shares were sold at an average price of $106.66, for a total value of $10,132,700.00.

DATA traded down $4.54 during midday trading on Friday, reaching $123.43. 744,927 shares of the company’s stock were exchanged, compared to its average volume of 1,092,805. The stock has a market cap of $10.69 billion, a price-to-earnings ratio of -52.75 and a beta of 1.36. Tableau Software Inc has a one year low of $69.00 and a one year high of $129.28.

Tableau Software (NYSE:DATA) last announced its quarterly earnings results on Tuesday, November 6th. The software company reported ($0.82) EPS for the quarter, missing analysts’ consensus estimates of ($0.67) by ($0.15). The business had revenue of $239.60 million for the quarter, compared to the consensus estimate of $242.19 million. Tableau Software had a negative return on equity of 25.49% and a negative net margin of 22.39%. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.08 EPS. On average, analysts expect that Tableau Software Inc will post -2.88 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of DATA. CIBC Private Wealth Group LLC bought a new position in shares of Tableau Software in the second quarter valued at approximately $126,000. Penserra Capital Management LLC bought a new position in shares of Tableau Software in the third quarter valued at approximately $156,000. Harvest Fund Management Co. Ltd raised its stake in shares of Tableau Software by 158.7% in the third quarter. Harvest Fund Management Co. Ltd now owns 1,816 shares of the software company’s stock valued at $203,000 after acquiring an additional 1,114 shares during the last quarter. LPL Financial LLC bought a new position in shares of Tableau Software in the first quarter valued at approximately $206,000. Finally, Pennsylvania Trust Co bought a new position in shares of Tableau Software in the third quarter valued at approximately $210,000. Institutional investors own 84.93% of the company’s stock.

Several equities analysts have weighed in on DATA shares. Citigroup set a $140.00 target price on Tableau Software and gave the company a “buy” rating in a report on Tuesday, September 18th. Morgan Stanley set a $117.00 target price on Tableau Software and gave the company a “hold” rating in a report on Wednesday, October 24th. Maxim Group raised their price target on Tableau Software from $107.00 to $127.00 and gave the company a “hold” rating in a research report on Wednesday, November 7th. Bank of America raised their price target on Tableau Software from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, November 7th. Finally, JPMorgan Chase & Co. raised their price target on Tableau Software to $125.00 and gave the company an “overweight” rating in a research report on Wednesday, November 7th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $118.41.

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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.

Further Reading: Buyback

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

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