Short Interest Summary: Tableau Software Incorporated (NYSE:DATA) Reports Decline in Sellers; Strong Momentum for Longs

December 1, 2016 - By Winifred Garcia   ·   0 Comments

Short Interest Summary: Tableau Software Incorporated (NYSE:DATA) Reports Decline in Sellers; Strong Momentum for Longs

The stock of Tableau Software Incorporated (NYSE:DATA) registered a decrease of 17.5% in short interest. DATA’s total short interest was 6.35M shares in December as published by FINRA. Its down 17.5% from 7.70 million shares, reported previously. With 1.91M shares average volume, it will take short sellers 3 days to cover their DATA’s short positions. The short interest to Tableau Software Incorporated’s float is 12.81%. The stock decreased 1.08% or $0.49 during the last trading session, hitting $44.88. Tableau Software Inc (NYSE:DATA) has declined 9.11% since April 28, 2016 and is downtrending. It has underperformed by 15.04% the S&P500.

Tableau Software, Inc. offers software products. The company has a market cap of $3.39 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.

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.
The New York-based Alliancebernstein L P has invested 0% in Tableau Software Inc (NYSE:DATA). Natixis holds 0.17% or 189,710 shares in its portfolio. Lazard Asset Lc accumulated 0.01% or 58,900 shares. Avalon Asset Mngmt Limited Liability Company owns 110,000 shares or 3.11% of their US portfolio. Parametric Portfolio Associates Lc accumulated 124,525 shares or 0.01% of the stock. Jasper Ridge Prtnrs Limited Partnership last reported 13,037 shares in the company. Rhumbline Advisers holds 0.01% of its portfolio in Tableau Software Inc (NYSE:DATA) for 52,334 shares. Raymond James And Assoc has invested 0% of its portfolio in Tableau Software Inc (NYSE:DATA). Manufacturers Life Insur The has 2,034 shares for 0% of their US portfolio. Pnc Financial Serv Group Inc last reported 0% of its portfolio in the stock. State Board Of Administration Of Florida Retirement Systems has 0.01% invested in the company for 73,979 shares. Invesco Limited holds 0% of its portfolio in Tableau Software Inc (NYSE:DATA) for 30,963 shares. Ibm Retirement Fund holds 5,549 shares or 0.01% of its portfolio. Morgan Stanley has 820,761 shares for 0.01% of their US portfolio. Bnp Paribas Inv Sa owns 351,273 shares or 0.15% of their US portfolio.

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. Tableau Software has been the topic of 67 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Tableau Software Inc (NYSE:DATA) has “Neutral” rating given on Thursday, July 30 by Mizuho. Vetr downgraded the stock to “Strong-Buy” rating in Wednesday, August 26 report. UBS maintained Tableau Software Inc (NYSE:DATA) on Friday, May 6 with “Buy” rating. Drexel Hamilton maintained Tableau Software Inc (NYSE:DATA) rating on Friday, February 5. Drexel Hamilton has “Buy” rating and $75 price target. The rating was maintained by Citigroup with “Neutral” on Wednesday, July 20. The firm has “Buy” rating by Wunderlich given on Wednesday, November 2. The firm has “Mixed” rating by OTR Global given on Friday, October 21. Wunderlich maintained it with “Buy” rating and $65 target price in Friday, May 6 report. The stock has “Market Perform” rating given by Cowen & Co on Friday, June 24. Lake Street initiated Tableau Software Inc (NYSE:DATA) rating on Monday, October 19. Lake Street has “Hold” rating and $85 price target.

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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By Winifred Garcia


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