Tableau Software, Inc. (NYSE:DATA) has earned an average recommendation of “Hold” from the thirty-seven analysts that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $64.48.
Several research analysts recently issued reports on the company. UBS AG reaffirmed a “buy” rating and set a $68.00 target price (up from $60.00) on shares of Tableau Software in a research report on Thursday, May 25th. Jefferies Group LLC boosted their price target on Tableau Software from $50.00 to $52.00 and gave the company a “hold” rating in a research note on Thursday, May 4th. OTR Global upgraded Tableau Software to a “positive” rating in a research note on Friday, April 21st. Wedbush lowered their target price on Tableau Software from $74.00 to $64.00 and set an “outperform” rating on the stock in a research note on Friday, May 26th. Finally, Royal Bank Of Canada upped their target price on Tableau Software from $65.00 to $70.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 3rd.
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In other news, EVP Keenan Michael Conder sold 909 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $62.63, for a total transaction of $56,930.67. Following the sale, the executive vice president now owns 79,151 shares of the company’s stock, valued at approximately $4,957,227.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Chris Stolte sold 75,000 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $61.69, for a total value of $4,626,750.00. Following the completion of the sale, the insider now directly owns 78,805 shares in the company, valued at approximately $4,861,480.45. The disclosure for this sale can be found here. Insiders sold a total of 1,131,025 shares of company stock worth $77,244,633 in the last 90 days. 28.98% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of DATA. Winfield Associates Inc. increased its position in shares of Tableau Software by 0.7% in the first quarter. Winfield Associates Inc. now owns 2,280 shares of the software company’s stock valued at $113,000 after buying an additional 15 shares during the period. Westpac Banking Corp acquired a new position in shares of Tableau Software during the first quarter valued at $126,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Tableau Software by 12.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,105 shares of the software company’s stock valued at $129,000 after buying an additional 231 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Tableau Software by 164.4% in the second quarter. BNP Paribas Arbitrage SA now owns 2,266 shares of the software company’s stock valued at $139,000 after buying an additional 1,409 shares during the period. Finally, FNY Partners Fund LP increased its position in shares of Tableau Software by 14,900.0% in the first quarter. FNY Partners Fund LP now owns 3,000 shares of the software company’s stock valued at $148,000 after buying an additional 2,980 shares during the period. Institutional investors own 76.38% of the company’s stock.
Shares of Tableau Software (NYSE DATA) traded up 0.875% on Friday, reaching $68.565. 193,681 shares of the company were exchanged. Tableau Software has a 12-month low of $41.41 and a 12-month high of $71.53. The firm’s market capitalization is $5.38 billion. The stock’s 50-day moving average is $64.89 and its 200 day moving average is $57.14.
Tableau Software (NYSE:DATA) last released its quarterly earnings results on Wednesday, August 2nd. The software company reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.15. The firm had revenue of $212.90 million during the quarter, compared to analyst estimates of $210.72 million. Tableau Software had a negative return on equity of 18.67% and a negative net margin of 17.08%. Tableau Software’s revenue was up 7.3% on a year-over-year basis. On average, analysts forecast that Tableau Software will post $0.21 EPS for the current year.
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.
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