Tableau Software, Inc. (DATA) Lifted to “Buy” at BidaskClub

BidaskClub upgraded shares of Tableau Software, Inc. (NYSE:DATA) from a hold rating to a buy rating in a report issued on Tuesday, August 1st.

A number of other analysts have also recently weighed in on the stock. KeyCorp reissued a buy rating and set a $67.00 price objective on shares of Tableau Software in a report on Sunday, July 30th. Zacks Investment Research upgraded shares of Tableau Software from a sell rating to a hold rating in a research report on Tuesday, July 25th. Maxim Group restated a sell rating and set a $30.00 target price on shares of Tableau Software in a research report on Tuesday, July 25th. ValuEngine lowered shares of Tableau Software from a hold rating to a sell rating in a research report on Thursday, July 20th. Finally, Bank of America Corporation reiterated a buy rating and issued a $76.00 price objective on shares of Tableau Software in a research report on Monday, July 17th. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $64.52.

Shares of Tableau Software (NYSE:DATA) opened at 69.74 on Tuesday. The company’s market cap is $5.52 billion. The company has a 50 day moving average of $65.76 and a 200-day moving average of $58.11. Tableau Software has a 12-month low of $41.41 and a 12-month high of $71.53.

Tableau Software (NYSE:DATA) last released its quarterly earnings data on Wednesday, August 2nd. The software company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $212.90 million for the quarter, compared to analysts’ expectations of $210.72 million. The company’s revenue was up 7.3% on a year-over-year basis. Equities research analysts anticipate that Tableau Software will post $0.22 earnings per share for the current year.

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In related news, CMO Elissa Fink sold 1,196 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $70.82, for a total transaction of $84,700.72. Following the sale, the chief marketing officer now directly owns 68,943 shares of the company’s stock, valued at approximately $4,882,543.26. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director A Brooke Seawell sold 7,039 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $60.40, for a total value of $425,155.60. Following the sale, the director now directly owns 7,349 shares in the company, valued at $443,879.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,192,453 shares of company stock valued at $82,863,780. Company insiders own 28.98% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Winfield Associates Inc. raised its stake in 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 in the last quarter. ETF Managers Group LLC purchased a new stake in Tableau Software during the second quarter valued at about $119,000. Westpac Banking Corp purchased a new stake in Tableau Software during the first quarter valued at about $126,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in 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 in the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in 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 in the last quarter. 76.72% of the stock is currently owned by institutional investors and hedge funds.

About Tableau Software

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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