Pier 88 Investment Partners LLC reduced its stake in shares of Tableau Software, Inc. (NYSE:DATA) by 4.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,210 shares of the software company’s stock after selling 255 shares during the period. Pier 88 Investment Partners LLC’s holdings in Tableau Software were worth $319,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the stock. Winfield Associates Inc. increased its stake in shares of Tableau Software by 0.7% in the first quarter. Winfield Associates Inc. now owns 2,280 shares of the software company’s stock valued at $113,000 after buying an additional 15 shares during the last quarter. Westpac Banking Corp bought a new stake in shares of Tableau Software during the first quarter valued at $126,000. FNY Partners Fund LP increased its stake in shares of Tableau Software by 14,900.0% in the first quarter. FNY Partners Fund LP now owns 3,000 shares of the software company’s stock valued at $148,000 after buying an additional 2,980 shares during the last quarter. Intellectus Partners LLC increased its stake in shares of Tableau Software by 7.8% in the first quarter. Intellectus Partners LLC now owns 3,450 shares of the software company’s stock valued at $171,000 after buying an additional 250 shares during the last quarter. Finally, Karp Capital Management Corp bought a new stake in shares of Tableau Software during the first quarter valued at $200,000. Hedge funds and other institutional investors own 75.95% of the company’s stock.
Shares of Tableau Software, Inc. (DATA) traded up 1.81% on Monday, reaching $64.03. The company’s stock had a trading volume of 541,795 shares. Tableau Software, Inc. has a 12-month low of $41.41 and a 12-month high of $67.10. The firm has a 50 day moving average price of $62.39 and a 200-day moving average price of $52.91. The stock’s market cap is $4.99 billion.
Tableau Software (NYSE:DATA) last announced its earnings results on Wednesday, May 3rd. The software company reported ($0.67) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.51) by $0.16. The business had revenue of $199.90 million for the quarter, compared to analyst estimates of $200.91 million. Tableau Software had a negative net margin of 17.95% and a negative return on equity of 19.26%. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. Equities research analysts expect that Tableau Software, Inc. will post $0.03 EPS for the current year.
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Several brokerages have weighed in on DATA. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Tableau Software in a research report on Thursday, April 6th. JMP Securities restated an “outperform” rating and set a $65.00 target price on shares of Tableau Software in a report on Friday, April 7th. Wedbush decreased their target price on Tableau Software from $74.00 to $64.00 and set an “outperform” rating for the company in a report on Friday, May 26th. BMO Capital Markets restated a “hold” rating and set a $55.00 target price on shares of Tableau Software in a report on Friday, April 7th. Finally, UBS AG restated a “buy” rating and set a $68.00 target price (up previously from $60.00) on shares of Tableau Software in a report on Thursday, May 25th. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Tableau Software has an average rating of “Hold” and a consensus target price of $61.87.
In other news, CFO Thomas E. Walker, Jr. sold 5,000 shares of the company’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $60.52, for a total value of $302,600.00. Following the sale, the chief financial officer now owns 143,763 shares in the company, valued at $8,700,536.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William Bosworth sold 500 shares of the company’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $61.96, for a total value of $30,980.00. Following the completion of the sale, the director now owns 9,549 shares in the company, valued at approximately $591,656.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 716,025 shares of company stock worth $43,731,668. Company insiders own 28.98% of the company’s stock.
Tableau Software Company Profile
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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