Tableau Software, Inc. (DATA) Rating Lowered to Hold at BidaskClub

BidaskClub downgraded shares of Tableau Software, Inc. (NYSE:DATA) from a buy rating to a hold rating in a report released on Tuesday, July 25th.

A number of other brokerages have also recently weighed in on DATA. Benchmark Co. started coverage on shares of Tableau Software in a report on Thursday, April 27th. They set a hold rating on the stock. Wedbush reaffirmed an outperform rating and issued a $60.00 price objective on shares of Tableau Software in a report on Friday, March 31st. BMO Capital Markets increased their target price on shares of Tableau Software from $55.00 to $64.00 and gave the company an outperform rating in a research report on Thursday, May 4th. Sanford C. Bernstein began coverage on shares of Tableau Software in a research report on Wednesday, May 24th. They issued an outperform rating and a $79.00 target price for the company. Finally, OTR Global upgraded shares of Tableau Software to a positive rating in a research note on Friday, April 21st. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $64.52.

Shares of Tableau Software (NYSE:DATA) traded up 1.03% during midday trading on Tuesday, reaching $68.67. 712,433 shares of the company traded hands. Tableau Software has a 12 month low of $41.41 and a 12 month high of $71.53. The company has a 50 day moving average of $64.97 and a 200 day moving average of $57.31. The firm’s market capitalization is $5.43 billion.

Tableau Software (NYSE:DATA) last posted its quarterly earnings data on Wednesday, August 2nd. The software company reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.15. Tableau Software had a negative net margin of 17.08% and a negative return on equity of 18.71%. The firm had revenue of $212.90 million for the quarter, compared to the consensus estimate of $210.72 million. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, equities research analysts predict that Tableau Software will post $0.21 earnings per share for the current fiscal year.

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In other news, Director A Brooke Seawell sold 7,039 shares of the firm’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $60.40, for a total transaction of $425,155.60. Following the completion of the transaction, the director now directly owns 7,349 shares in the company, valued at $443,879.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Keenan Michael Conder sold 6,800 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $68.22, for a total value of $463,896.00. Following the transaction, the executive vice president now owns 86,164 shares of the company’s stock, valued at $5,878,108.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,161,625 shares of company stock worth $79,348,706. 28.98% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the company. OxFORD Asset Management LLP acquired a new stake in shares of Tableau Software during the second quarter worth $8,173,000. Global Endowment Management LP purchased a new stake in shares of Tableau Software during the second quarter worth approximately $207,000. Dimensional Fund Advisors LP boosted its stake in shares of Tableau Software by 18.0% in the second quarter. Dimensional Fund Advisors LP now owns 146,608 shares of the software company’s stock worth $8,983,000 after buying an additional 22,372 shares during the period. Virtu KCG Holdings LLC boosted its stake in shares of Tableau Software by 68.0% in the second quarter. Virtu KCG Holdings LLC now owns 30,473 shares of the software company’s stock worth $1,867,000 after buying an additional 12,336 shares during the period. Finally, TLP Group LLC purchased a new stake in shares of Tableau Software during the second quarter worth approximately $257,000. Institutional investors and hedge funds own 76.38% of the company’s stock.

Tableau Software Company Profile

Tableau Software, Inc (Tableau) offers software products. The Company’s products are used by people of diverse skill levels across all kinds of organizations. The Company’s products are used by people of skill levels across all kinds of organizations. Its technologies include visual query language (VizQL) and Hybrid Data Architecture.

Analyst Recommendations for Tableau Software (NYSE:DATA)

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