Tableau Software Inc (NYSE:DATA) has recently announced the release of Tableau 9.1, which provides its customers with capabilities to conduct data analysis, while using any type of smart device. The new software simplifies the way data analysis is conducted over smart mobile devices. Apart from improving the user experience, Tableau 9.1 also comes with data sharing capabilities and also improves significantly on its predecessor’s security system.
The CEO of Tableau Software, Chris Stolte, stated that the new program is another step forward in the company’s vision to allow people to see and understand data, regardless of where it is stored or what device the user is making use of. He pointed out that the new program is focused on data sharing via internet, which also includes connecting to a number of leading technologies, like SAP and Google Cloud SQL.
The launch of the new product has attracted the attention of analysts and some have even started to upgrade the company stock. Currently, DATA has an average “buy” rating, with the target price set at $120.73. Furthermore, a recent insider transaction from DATA has also come to light. The company CFO, Thomas E. Walker, sold 20,000 of his total shares in Tableau Software. The shares were sold at an average price of $93.08 each, on September 1, 2015. Furthermore, the company VP, Kelly Wright also sold a total of 6,664 shares, in a transaction conducted on August 19, 2015. These shares were sold at an average price of $105.96 each.
The recent filing of its 2Q2015 report by the company revealed EPS of $0.07, while the analyst consensus was of $0.04. This reflects on the improvement of business by Tableau Software, since the EPS stood at $0.05 during the preceding year. A total of 65.3% increase in revenue was observed, on year-over-year basis by DATA.
Tableau Software Inc (NYSE:DATA) closed at a share price of $84.80, after trading a total of 7.52 million shares during the September 17 session and recording a decline of 7.34%.
