Major Move Is Coming For Tableau Software Inc After Bullish Options Activity

 Major Move Is Coming For Tableau Software Inc After Bullish Options Activity

In today’s session Tableau Software Inc (DATA) registered an unusually high (723) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious DATA increase. With 723 contracts traded and 9274 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: DATA170120C00050000 closed last at: $3.8 or 5.6% up. About 4.09 million shares traded hands or 186.01% up from the average. Tableau Software Inc (NYSE:DATA) has risen 7.94% since March 31, 2016 and is uptrending. It has outperformed by 5.41% 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 33 analysts covering Tableau Software (NYSE:DATA), 16 rate it a “Buy”, 2 “Sell”, while 15 “Hold”. This means 48% are positive. Tableau Software has been the topic of 64 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Friday, September 18 by Wedbush. The firm has “Outperform” rating given on Friday, February 5 by Robert W. Baird. Summit Redstone Partners reinitiated Tableau Software Inc (NYSE:DATA) rating on Tuesday, July 19. Summit Redstone Partners has “Hold” rating and $53 price target. The company was downgraded on Thursday, August 25 by RBC Capital Markets. The firm has “Outperform” rating by Wedbush given on Friday, October 14. As per Friday, June 24, the company rating was initiated by Cowen & Co. Wedbush maintained the stock with “Outperform” rating in Friday, January 29 report. The firm has “Overweight” rating given on Friday, February 5 by Barclays Capital. Maxim Group maintained it with “Sell” rating and $24.0 target price in Wednesday, November 2 report. The firm has “Neutral” rating given on Thursday, July 30 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 2016 Q2. Its down 0.17, from 0.97 in 2016Q1. The ratio turned negative, 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.
Tower Cap Limited Liability Corporation (Trc) owns 1 shares or 0% of their US portfolio. 1832 Asset Management Ltd Partnership last reported 0.04% of its portfolio in the stock. Diam last reported 0.01% of its portfolio in the stock. Blackrock Advisors Llc, a Delaware-based fund reported 70,927 shares. Stephens Invest Mngmt Grp Inc Ltd Company holds 0.2% of its portfolio in Tableau Software Inc (NYSE:DATA) for 124,110 shares. Utah Retirement Sys last reported 10,000 shares in the company. Trexquant Inv Lp reported 27,081 shares or 0.17% of all its holdings. Nationwide Fund accumulated 64,866 shares or 0.01% of the stock. Advisory Service Net Ltd Liability Corporation last reported 224 shares in the company. Ameriprise Fin owns 399,111 shares or 0.01% of their US portfolio. Gemmer Asset Lc has invested 0% of its portfolio in Tableau Software Inc (NYSE:DATA). Moreover, Shell Asset has 0% invested in Tableau Software Inc (NYSE:DATA) for 64 shares. Deutsche Bank Ag owns 163,471 shares or 0.01% of their US portfolio. Sumitomo Mitsui Trust Holdings has 6,172 shares for 0% of their US portfolio. Stifel holds 0% of its portfolio in Tableau Software Inc (NYSE:DATA) for 15,385 shares.

Tableau Software, Inc. offers software products. The company has a market cap of $3.36 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

More recent Tableau Software Inc (NYSE:DATA) news were published by: Wsj.com which released: “Tableau Software Worked on Potential Sale Recently” on October 19, 2016. Also Schaeffersresearch.com published the news titled: “Analyst Downgrades: Gilead Sciences, Inc., Adeptus Health Inc, and Tableau …” on November 02, 2016. Rttnews.com‘s news article titled: “Tableau Software Inc. (DATA) Is Down On Weak Q3 Revenues” with publication date: November 01, 2016 was also an interesting one.

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