D.A. Davidson & CO. Sells 790 Shares of Tableau Software (DATA)

D.A. Davidson & CO. reduced its holdings in Tableau Software (NYSE:DATA) by 9.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,420 shares of the software company’s stock after selling 790 shares during the period. D.A. Davidson & CO.’s holdings in Tableau Software were worth $600,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. BlackRock Inc. increased its stake in Tableau Software by 6.2% in the 4th quarter. BlackRock Inc. now owns 3,080,025 shares of the software company’s stock valued at $213,137,000 after buying an additional 180,810 shares during the last quarter. HMI Capital LLC increased its stake in Tableau Software by 20.4% in the 4th quarter. HMI Capital LLC now owns 1,594,926 shares of the software company’s stock valued at $110,369,000 after buying an additional 270,740 shares during the last quarter. Eagle Asset Management Inc. grew its position in shares of Tableau Software by 51.6% in the 4th quarter. Eagle Asset Management Inc. now owns 1,320,111 shares of the software company’s stock valued at $92,163,000 after acquiring an additional 449,445 shares during the period. American Century Companies Inc. grew its position in shares of Tableau Software by 15.3% in the 4th quarter. American Century Companies Inc. now owns 1,242,894 shares of the software company’s stock valued at $86,008,000 after acquiring an additional 165,035 shares during the period. Finally, Renaissance Technologies LLC grew its position in shares of Tableau Software by 5.8% in the 4th quarter. Renaissance Technologies LLC now owns 1,133,600 shares of the software company’s stock valued at $78,445,000 after acquiring an additional 61,900 shares during the period. Hedge funds and other institutional investors own 83.10% of the company’s stock.

Shares of DATA stock opened at $93.49 on Friday. Tableau Software has a 52 week low of $91.94 and a 52 week high of $93.23.

Tableau Software (NYSE:DATA) last announced its earnings results on Wednesday, May 2nd. The software company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.01). The company had revenue of $224.00 million for the quarter, compared to the consensus estimate of $217.92 million. Tableau Software had a negative return on equity of 23.86% and a negative net margin of 19.21%. The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.03 EPS. analysts expect that Tableau Software will post -2.4 earnings per share for the current fiscal year.

A number of research analysts have recently commented on the stock. Mizuho reissued a “neutral” rating and issued a $85.00 price objective (up previously from $68.00) on shares of Tableau Software in a research report on Thursday, February 1st. BMO Capital Markets lifted their price objective on shares of Tableau Software from $92.00 to $102.00 and gave the company an “outperform” rating in a research report on Thursday, May 3rd. Barclays lifted their price objective on shares of Tableau Software from $82.00 to $98.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Wells Fargo lifted their price objective on shares of Tableau Software to $90.00 and gave the company a “market perform” rating in a research report on Friday, February 2nd. Finally, Monness Crespi & Hardt assumed coverage on shares of Tableau Software in a research report on Wednesday, April 11th. They issued a “neutral” rating for the company. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $94.22.

In other Tableau Software news, Chairman Christian Chabot sold 400,000 shares of the business’s stock in a transaction dated Monday, May 7th. The shares were sold at an average price of $91.09, for a total value of $36,436,000.00. Following the completion of the sale, the chairman now owns 303,536 shares of the company’s stock, valued at approximately $27,649,094.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Elissa Fink sold 2,500 shares of the business’s stock in a transaction dated Monday, May 14th. The shares were sold at an average price of $94.87, for a total transaction of $237,175.00. Following the completion of the sale, the chief marketing officer now directly owns 83,882 shares of the company’s stock, valued at approximately $7,957,885.34. The disclosure for this sale can be found here. Insiders sold a total of 845,350 shares of company stock valued at $76,968,042 in the last three months. Insiders own 28.98% of the company’s stock.

Tableau Software Company Profile

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.

Institutional Ownership by Quarter for Tableau Software (NYSE:DATA)

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