Sandler Capital Management Buys New Stake in Tableau Software Inc Class A (DATA)

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Sandler Capital Management acquired a new position in Tableau Software Inc Class A (NYSE:DATA) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 114,840 shares of the software company’s stock, valued at approximately $9,281,000. Tableau Software Inc Class A makes up 1.1% of Sandler Capital Management’s portfolio, making the stock its 26th largest position. Sandler Capital Management owned about 0.14% of Tableau Software Inc Class A at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. American International Group Inc. bought a new position in shares of Tableau Software Inc Class A during the 4th quarter worth approximately $105,000. LPL Financial LLC bought a new stake in shares of Tableau Software Inc Class A during the first quarter worth $206,000. Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new stake in shares of Tableau Software Inc Class A during the first quarter worth $209,000. CIBC Asset Management Inc bought a new stake in shares of Tableau Software Inc Class A during the first quarter worth $210,000. Finally, Comerica Bank bought a new stake in shares of Tableau Software Inc Class A during the first quarter worth $213,000. 79.86% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Chris Stolte sold 285,000 shares of Tableau Software Inc Class A stock in a transaction dated Monday, May 7th. The shares were sold at an average price of $91.15, for a total transaction of $25,977,750.00. Following the completion of the transaction, the insider now directly owns 193,536 shares of the company’s stock, valued at approximately $17,640,806.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Damon A. Fletcher sold 414 shares of Tableau Software Inc Class A stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $93.74, for a total transaction of $38,808.36. Following the transaction, the chief financial officer now directly owns 45,421 shares of the company’s stock, valued at $4,257,764.54. The disclosure for this sale can be found here. Insiders have sold a total of 988,061 shares of company stock worth $91,526,607 over the last 90 days. Insiders own 28.98% of the company’s stock.

DATA has been the topic of several analyst reports. Barclays reiterated a “buy” rating and set a $102.00 target price on shares of Tableau Software Inc Class A in a report on Sunday, April 22nd. Zacks Investment Research upgraded Tableau Software Inc Class A from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 4th. ValuEngine raised Tableau Software Inc Class A from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 2nd. Monness Crespi & Hardt began coverage on Tableau Software Inc Class A in a research report on Wednesday, April 11th. They issued a “neutral” rating on the stock. Finally, UBS Group reissued a “buy” rating and set a $114.00 price target on shares of Tableau Software Inc Class A in a research report on Tuesday, May 22nd. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $96.17.

Shares of DATA stock opened at $97.75 on Friday. Tableau Software Inc Class A has a 12-month low of $60.43 and a 12-month high of $105.78. The company has a market capitalization of $7.94 billion, a P/E ratio of -41.77 and a beta of 0.82.

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

About Tableau Software Inc Class A

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 Inc Class A (NYSE:DATA)

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