Tableau Software, Inc. (DATA) Position Lowered by Pier 88 Investment Partners LLC

Pier 88 Investment Partners LLC decreased its stake in shares of Tableau Software, Inc. (NYSE:DATA) by 4.7% during the second quarter, according to its most recent Form 13F filing 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DATA. AXA purchased a new position in shares of Tableau Software during the first quarter valued at approximately $2,478,000. State Street Corp increased its position in shares of Tableau Software by 2.1% in the fourth quarter. State Street Corp now owns 694,891 shares of the software company’s stock valued at $29,285,000 after buying an additional 14,395 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Tableau Software during the fourth quarter valued at approximately $1,918,000. Merriman Wealth Management LLC purchased a new position in shares of Tableau Software during the first quarter valued at approximately $1,547,000. Finally, Champlain Investment Partners LLC increased its position in shares of Tableau Software by 10.5% in the first quarter. Champlain Investment Partners LLC now owns 1,275,155 shares of the software company’s stock valued at $63,184,000 after buying an additional 121,255 shares in the last quarter. Institutional investors and hedge funds own 76.38% of the company’s stock.

Tableau Software, Inc. (NYSE DATA) opened at 68.67 on Friday. The company’s market capitalization is $5.39 billion. The company has a 50-day moving average of $64.97 and a 200 day moving average of $57.31. Tableau Software, Inc. has a 12-month low of $41.41 and a 12-month high of $71.53.

Tableau Software (NYSE:DATA) last released its quarterly earnings data on Wednesday, August 2nd. The software company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.15. Tableau Software had a negative net margin of 17.08% and a negative return on equity of 18.67%. The firm had revenue of $212.90 million during the quarter, compared to analysts’ expectations of $210.72 million. Tableau Software’s revenue was up 7.3% compared to the same quarter last year. Equities research analysts forecast that Tableau Software, Inc. will post $0.21 earnings per share for the current fiscal year.

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Several research analysts have commented on DATA shares. Sanford C. Bernstein started coverage on shares of Tableau Software in a research report on Wednesday, May 24th. They set an “outperform” rating and a $79.00 price objective for the company. BTIG Research restated a “buy” rating and set a $65.00 price objective on shares of Tableau Software in a research report on Monday, May 15th. BidaskClub raised shares of Tableau Software from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Bank of America Corporation boosted their target price on shares of Tableau Software from $72.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, May 30th. Finally, Benchmark Co. started coverage on shares of Tableau Software in a research note on Thursday, April 27th. They set a “hold” rating on the stock. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $64.52.

In related news, insider Chris Stolte sold 75,103 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $61.69, for a total transaction of $4,633,104.07. Following the completion of the sale, the insider now directly owns 78,805 shares in the company, valued at $4,861,480.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Keenan Michael Conder sold 909 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $62.63, for a total transaction of $56,930.67. Following the sale, the executive vice president now owns 79,151 shares of the company’s stock, valued at $4,957,227.13. The disclosure for this sale can be found here. Insiders have sold 1,161,625 shares of company stock valued at $79,348,706 over the last 90 days. 28.98% of the stock is currently owned by company insiders.

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.

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

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