February 5, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Tableau Software Inc (NYSE:DATA) shares over potential securities laws violations by Tableau Software and certain of its directors and officers in connection certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Tableau Software Inc (NYSE:DATA) concerning whether a series of statements by Tableau Software regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Tableau Software Inc reported that its annual total Revenue rose from $232.44 million in 2013 to $412.62 million in 2014 while its Net Income declined from $7.08 million in 2013 to $5.87 million in 2014.
Shares of Tableau Software Inc (NYSE:DATA) grew from $54.61 per share in May 2014 to as high as $127.44 per share in July 2015.
On February 4, 2016, Tableau Software Inc reported results for its fourth quarter and fiscal year ended December 31, 2015. Among other things, Tableau Software Inc reported that its annual total Revenue rose from $412.62 million in 2014 to $653.59 million in 2015 while its Net Income of $5.87 million in 2014 declined to a Net Loss of $83.7 million in 2015.
Shares of Tableau Software Inc (NYSE:DATA) declined to as low as $0.39 per share on February 5, 2016.