Tableau Software Inc Unusual Bearish Options Activity Means Higher Risks

 Tableau Software Inc Unusual Bearish Options Activity Means Higher Risks

In today’s session Tableau Software Inc (DATA) recorded an unusually high (206) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious DATA decrease. With 206 contracts traded and 3744 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: DATA170120P00045000 closed last at: $3.4 or 3% up. About 345,954 shares traded hands. Tableau Software Inc (NYSE:DATA) has risen 10.93% since March 15, 2016 and is uptrending. It has outperformed by 5.44% the S&P500.

Analysts await Tableau Software Inc (NYSE:DATA) to report earnings on November, 3. They expect $-0.35 EPS, down 84.21% or $0.16 from last year’s $-0.19 per share. After $-0.62 actual EPS reported by Tableau Software Inc for the previous quarter, Wall Street now forecasts -43.55% EPS growth.

Tableau Software Inc (NYSE:DATA) Ratings Coverage

Out of 31 analysts covering Tableau Software (NYSE:DATA), 16 rate it a “Buy”, 2 “Sell”, while 13 “Hold”. This means 52% are positive. Tableau Software has been the topic of 59 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm earned “Mkt Perform” rating on Friday, November 6 by FBR Capital. The stock has “Buy” rating given by Wunderlich on Friday, May 6. The rating was initiated by Cowen & Co on Friday, June 24 with “Market Perform”. The firm has “Buy” rating given on Friday, February 5 by Drexel Hamilton. The rating was reinitiated by Summit Redstone Partners on Tuesday, July 19 with “Hold”. The stock has “Outperform” rating given by Wedbush on Friday, January 29. The firm has “Neutral” rating by Macquarie Research given on Tuesday, April 26. Brean Capital initiated the stock with “Hold” rating in Tuesday, January 12 report. Credit Suisse maintained it with “Outperform” rating and $65 target price in Friday, February 5 report. The company was maintained on Friday, May 6 by Mizuho.

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.”

Insitutional Activity: The institutional sentiment decreased to 0.8 in Q2 2016. Its down 0.17, from 0.97 in 2016Q1. The ratio dropped, 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.
Stephens Invest Mgmt Grp Inc Limited Liability Company holds 0.2% of its portfolio in Tableau Software Inc (NYSE:DATA) for 124,110 shares. Moreover, Lmr Llp has 0.29% invested in Tableau Software Inc (NYSE:DATA) for 37,682 shares. Los Angeles Cap Management & Equity Incorporated last reported 0.14% of its portfolio in the stock. Hightower Advsrs Limited Co has 0% invested in the company for 5,127 shares. Canada Pension Plan Inv Board holds 27,000 shares or 0.01% of its portfolio. Bogle L P De, a Massachusetts-based fund reported 277,988 shares. Allianz Asset Management Ag last reported 0.01% of its portfolio in the stock. Thompson Siegel And Walmsley Ltd Limited Liability Company last reported 114 shares in the company. Fincl Bank Of Montreal Can holds 0.01% or 90,100 shares in its portfolio. Strs Ohio last reported 0% of its portfolio in the stock. Fmr Limited Co holds 0.01% or 1.78M shares in its portfolio. Envestnet Asset Mgmt accumulated 9,948 shares or 0% of the stock. Brick Kyle Associate accumulated 0.01% or 300 shares. State Board Of Administration Of Florida Retirement System accumulated 73,979 shares or 0.01% of the stock. 1832 Asset Limited Partnership accumulated 222,500 shares or 0.04% of the stock.

Tableau Software, Inc. offers software products. The company has a market cap of $3.52 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.

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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