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Why Tableau Software (DATA) Stock Is Jumping Today

NEW YORK (TheStreet) -- Shares of Tableau Software (DATA) were spiking 13.85% to $62.47 on heavy trading volume early Tuesday afternoon after the company appointed Adam Selipsky as CEO late yesterday.

Previously, Selipsky was the VP of sales, marketing and support for's (AMZN) Web Services.

He will succeed current CEO and co-founder Christian Chabot, who will be the company's chairman beginning on September 16.

Baird upped its price target on shares to $65 from $60 and maintained its...