Notable Insider Reporting: Why Andrew Beers Sold 16,786 Stock of Tableau Software Inc (NYSE:DATA)?

November 29, 2016 - By Marguerite Chambers

Notable Insider Reporting: Why Andrew Beers Sold 16,786 Stock of Tableau Software Inc (NYSE:DATA)?

Andrew Beers Insider Sell

In an electronic report that’s filled with the U.S. Security and Exchange Commission, it was revealed that the Chief Development Officer of Tableau Software Inc Andrew Beers, an insider in spotlight, made sale through a broker for 16,786 shares of the Pinksheet-listed Tableau Software Inc, having an approx. value of $788,093 U.S. Dollars using an average stock price value of $46.9 U.S. Dollars. He also unloaded 18,353 shares with value $854,070 USD in the last month. At the moment, Andrew Beers owns 188,932 shares which are around 0.26% of Tableau Software Inc’s market capitalization.

Tableau Software Inc (NYSE:DATA) Ratings Coverage

Out of 34 analysts covering Tableau Software (NYSE:DATA), 15 rate it a “Buy”, 3 “Sell”, while 16 “Hold”. This means 44% are positive. $145 is the highest target while $24.0 is the lowest. The $72.47 average target is 56.42% above today’s ($46.33) stock price. Tableau Software has been the topic of 67 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was downgraded by Summit Redstone Partners to “Sell” on Thursday, November 3. The stock has “Outperform” rating given by Oppenheimer on Tuesday, August 16. Pacific Crest maintained Tableau Software Inc (NYSE:DATA) on Friday, February 5 with “Overweight” rating. On Wednesday, February 3 the stock rating was initiated by Maxim Group with “Sell”. BMO Capital Markets maintained the shares of DATA in a report on Wednesday, November 2 with “Market Perform” rating. The rating was downgraded by OTR Global on Friday, October 21 to “Mixed”. The rating was maintained by Robert W. Baird with “Outperform” on Wednesday, February 24. Goldman Sachs initiated the stock with “Neutral” rating in Friday, December 11 report. The firm earned “Neutral” rating on Wednesday, November 2 by Mizuho. Drexel Hamilton maintained the shares of DATA in a report on Friday, February 5 with “Buy” rating.

Insitutional Activity: The institutional sentiment increased to 0.95 in 2016 Q2. Its up 0.15, from 0.8 in 2016Q1. The ratio increased, as 58 funds sold all Tableau Software Inc shares owned while 75 reduced positions. 42 funds bought stakes while 65 increased positions. They now own 52.58 million shares or 4.68% more from 50.23 million shares in 2016Q1.

Cap Invsts holds 1.53M shares or 0.11% of its portfolio. Coatue Mngmt Limited Com has invested 0.4% of its portfolio in Tableau Software Inc (NYSE:DATA). Citigroup Incorporated last reported 10,337 shares in the company. Ameriprise Fincl owns 399,111 shares or 0.01% of their US portfolio. The New York-based American Gru has invested 0% in Tableau Software Inc (NYSE:DATA). Td Asset Mgmt last reported 0.01% of its portfolio in the stock. Blackrock Advisors Ltd Liability holds 0% of its portfolio in Tableau Software Inc (NYSE:DATA) for 70,927 shares. Ftb Advsr has 302 shares for 0% of their US portfolio. Strs Ohio holds 6,187 shares or 0% of its portfolio. Principal Grp Inc Inc holds 0% or 12,518 shares in its portfolio. Ironwood Fincl Ltd Co has 0% invested in the company for 50 shares. Hmi Limited reported 765,000 shares or 7.05% of all its holdings. Fisher Asset Mgmt Limited Liability Co has 0.01% invested in the company for 152,605 shares. Tcw Gru Inc reported 30,963 shares or 0.01% of all its holdings. Moreover, Ironwood Investment Management Lc has 0.22% invested in Tableau Software Inc (NYSE:DATA) for 5,981 shares.

Insider Transactions: Since June 6, 2016, the stock had 0 buys, and 18 selling transactions for $10.06 million net activity. 507 shares with value of $23,654 were sold by Conder Keenan Michael on Wednesday, November 16. Wright Kelly had sold 1,025 shares worth $55,893 on Tuesday, August 16. Shares for $4,107 were sold by Chabot Christian on Wednesday, November 16. BASKETT FOREST had sold 73,200 shares worth $4.04 million. BEERS ANDREW sold 7,500 shares worth $353,499. The insider Walker Thomas E Jr sold 2,130 shares worth $99,337. Jurgensen Jr Elliott H had sold 3,242 shares worth $194,364.

About 715,676 shares traded hands. Tableau Software Inc (NYSE:DATA) has declined 5.70% since April 25, 2016 and is downtrending. It has underperformed by 11.71% the S&P500.

Tableau Software, Inc. offers software products. The company has a market cap of $3.49 billion. The Company’s technologies include visual query language (VizQL), a visual query language that translates drag-and-drop actions into data queries and then expresses the information visually, and Hybrid Data Architecture, which combines the Company’s Live Query and In-Memory Data Engines technologies. It currently has negative earnings. The Company’s products are Tableau Desktop, a self-service analytics product; Tableau Server, a business intelligence platform for organizations; Tableau Online, a hosted software-as-a-service (SaaS) version of Tableau Server; Tableau Public, a cloud platform for analyzing and sharing public data, and Vizable, an iPhone operating software (iOS) application used to analyze data on a tablet.

According to Zacks Investment Research, “Tableau Software, Inc. engages in providing analytics and data visualization software. The company offers Tableau Desktop, Tableau Server and Tableau Public. It also provides related maintenance and support, and professional and training services. The Company’s product helps a single user on a laptop analyze data from a simple spreadsheet, or to enable thousands of users across an enterprise to execute queries against databases. Tableau Software, Inc. is headquartered in Seattle, Washington.”

Analysts await Tableau Software Inc (NYSE:DATA) to report earnings on February, 2. They expect $-0.37 earnings per share, up 35.09% or $0.20 from last year’s $-0.57 per share. After $-0.40 actual earnings per share reported by Tableau Software Inc for the previous quarter, Wall Street now forecasts -7.50% EPS growth.

DATA Company Profile

Tableau Software, Inc. (Tableau), incorporated on July 19, 2004, offers software products. The Company’s technologies include visual query language (VizQL), a visual query language that translates drag-and-drop actions into data queries and then expresses the information visually, and Hybrid Data Architecture, which combines the Company’s Live Query and In-Memory Data Engines technologies. The Company’s products are Tableau Desktop, a self-service analytics product; Tableau Server, a business intelligence platform for organizations; Tableau Online, a hosted software-as-a-service (SaaS) version of Tableau Server; Tableau Public, a cloud platform for analyzing and sharing public data, and Vizable, an iPhone operating software (iOS) application used to analyze data on a tablet. The Company’s products are used by people across a range of organizations, including small and medium-sized businesses, government agencies, universities, research institutions and non-profits

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