Tableau Software Inc. (DATA) Stock Rating Lowered by Zacks Investment Research
Tableau Software Inc. (NYSE:DATA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.
According to Zacks, “Tableau Software, Inc. engages in providing analytics and data visualization software. The company offers Tableau Desktop, Tableau Server and Tableau Public. It also provides related maintenance and support, and professional and training services. The Company’s product helps a single user on a laptop analyze data from a simple spreadsheet, or to enable thousands of users across an enterprise to execute queries against databases. Tableau Software, Inc. is headquartered in Seattle, Washington. “
Other equities analysts also recently issued research reports about the company. DA Davidson downgraded Tableau Software from a “buy” rating to a “neutral” rating and decreased their target price for the company from $101.00 to $59.00 in a report on Wednesday, August 3rd. William Blair restated an “outperform” rating on shares of Tableau Software in a report on Wednesday, August 3rd. Jefferies Group decreased their target price on Tableau Software from $56.00 to $52.00 and set a “hold” rating for the company in a report on Wednesday, August 3rd. BMO Capital Markets upped their target price on Tableau Software from $51.00 to $55.00 and gave the company a “market perform” rating in a report on Wednesday, August 3rd. Finally, Citigroup Inc. upped their target price on Tableau Software from $54.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, August 3rd. Four investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $68.41.
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Shares of Tableau Software (NYSE:DATA) traded up 0.06% during trading on Tuesday, reaching $47.23. The company’s stock had a trading volume of 831,447 shares. The firm’s market cap is $3.56 billion. The stock’s 50 day moving average is $54.55 and its 200 day moving average is $52.46. Tableau Software has a one year low of $36.60 and a one year high of $104.92.
In other news, CFO Thomas E. Walker, Jr. sold 1,410 shares of Tableau Software stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $54.54, for a total value of $76,901.40. Following the completion of the transaction, the chief financial officer now owns 104,856 shares in the company, valued at approximately $5,718,846.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Elliott H. Jurgensen, Jr. sold 3,242 shares of Tableau Software stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $59.95, for a total value of $194,357.90. Following the completion of the transaction, the director now owns 6,459 shares of the company’s stock, valued at approximately $387,217.05. The disclosure for this sale can be found here. Company insiders own 28.98% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Brookside Capital Management LLC boosted its position in shares of Tableau Software by 32.6% in the first quarter. Brookside Capital Management LLC now owns 2,067,752 shares of the software company’s stock worth $94,848,000 after buying an additional 508,854 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in shares of Tableau Software during the first quarter worth approximately $2,956,000. AMP Capital Investors Ltd boosted its position in shares of Tableau Software by 126.9% in the first quarter. AMP Capital Investors Ltd now owns 80,090 shares of the software company’s stock worth $3,632,000 after buying an additional 44,796 shares during the period. Renaissance Technologies LLC boosted its position in shares of Tableau Software by 114.2% in the first quarter. Renaissance Technologies LLC now owns 257,300 shares of the software company’s stock worth $11,802,000 after buying an additional 137,200 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Tableau Software by 5.3% in the first quarter. Geode Capital Management LLC now owns 313,798 shares of the software company’s stock worth $14,384,000 after buying an additional 15,756 shares during the period. Hedge funds and other institutional investors own 70.66% of the company’s stock.
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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