Tableau Software Inc. (DATA) Receives Outperform Rating from Wedbush
Tableau Software Inc. (NYSE:DATA)‘s stock had its “outperform” rating reaffirmed by investment analysts at Wedbush in a report issued on Friday. They currently have a $65.00 price target on the software company’s stock, down from their previous price target of $70.00. Wedbush’s target price suggests a potential upside of 32.84% from the stock’s previous close.
A number of other research firms have also recently commented on DATA. Vetr cut shares of Tableau Software from a “strong-buy” rating to a “buy” rating and set a $58.48 target price on the stock. in a research report on Tuesday, July 19th. DA Davidson lowered shares of Tableau Software from a “buy” rating to a “neutral” rating and cut their price target for the stock from $101.00 to $59.00 in a research note on Wednesday, August 3rd. Deutsche Bank AG cut their price target on shares of Tableau Software from $65.00 to $60.00 and set a “hold” rating on the stock in a research note on Wednesday, August 3rd. Cowen and Company reiterated a “market perform” rating and set a $53.00 price target on shares of Tableau Software in a research note on Monday, August 1st. Finally, Royal Bank Of Canada lowered shares of Tableau Software from an “outperform” rating to a “sector perform” rating and set a $65.00 price target on the stock. in a research note on Thursday, August 25th. Three investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $68.41.
Shares of Tableau Software (NYSE:DATA) opened at 48.93 on Friday. Tableau Software has a 1-year low of $36.60 and a 1-year high of $104.92. The company has a 50-day moving average of $55.24 and a 200-day moving average of $52.32. The firm’s market capitalization is $3.68 billion.
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In other Tableau Software news, VP Kelly Wright sold 35,000 shares of the firm’s stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $61.75, for a total value of $2,161,250.00. Following the sale, the vice president now directly owns 299,837 shares of the company’s stock, valued at approximately $18,514,934.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Thomas E. Walker, Jr. sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $60.00, for a total value of $2,400,000.00. Following the completion of the sale, the chief financial officer now directly owns 144,856 shares in the company, valued at $8,691,360. The disclosure for this sale can be found here. Corporate insiders own 28.98% of the company’s stock.
A number of hedge funds have recently modified their holdings of DATA. Advisor Group Inc. purchased a new position in Tableau Software during the second quarter valued at $109,000. Metropolitan Life Insurance Co. NY raised its position in Tableau Software by 11.2% in the second quarter. Metropolitan Life Insurance Co. NY now owns 4,131 shares of the software company’s stock valued at $202,000 after buying an additional 417 shares in the last quarter. Freestone Capital Holdings LLC purchased a new position in Tableau Software during the second quarter valued at $217,000. Highland Private Wealth Management purchased a new position in Tableau Software during the first quarter valued at $229,000. Finally, IBM Retirement Fund raised its position in Tableau Software by 12.2% in the second quarter. IBM Retirement Fund now owns 5,549 shares of the software company’s stock valued at $271,000 after buying an additional 604 shares in the last quarter. 70.66% of the stock is currently owned by hedge funds and other institutional investors.
About Tableau Software
Tableau Software, Inc (Tableau) offers software products. The Company’s technologies include visual query language (VizQL), a visual query language that translates drag-and-drop actions into data queries and then expresses the information visually, and Hybrid Data Architecture, which combines the Company’s Live Query and In-Memory Data Engines technologies.
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