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 research note issued to investors 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 research analysts have also issued reports about the company. Morgan Stanley reiterated a “hold” rating and issued a $60.00 price objective on shares of Tableau Software in a research report on Tuesday, August 23rd. Cowen and Company reiterated a “neutral” rating and issued a $53.00 price objective on shares of Tableau Software in a research report on Tuesday, August 23rd. Vetr lowered Tableau Software from a “buy” rating to a “sell” rating and set a $59.24 price objective on the stock. in a research report on Tuesday, August 23rd. Wedbush reiterated an “outperform” rating and issued a $70.00 price objective (up from $68.00) on shares of Tableau Software in a research report on Wednesday, August 3rd. Finally, BMO Capital Markets lifted their price target on Tableau Software from $51.00 to $55.00 and gave the company a “market perform” rating in a research report on Wednesday, August 3rd. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. Tableau Software currently has an average rating of “Hold” and an average price target of $68.41.
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Tableau Software (NYSE:DATA) traded up 0.06% during midday trading on Tuesday, reaching $47.23. The company had a trading volume of 831,447 shares. The company has a 50-day moving average of $54.55 and a 200-day moving average of $52.46. The stock’s market capitalization is $3.56 billion. Tableau Software has a 12-month low of $36.60 and a 12-month high of $104.92.
In other Tableau Software news, VP Kelly Wright sold 1,025 shares of the company’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $54.53, for a total transaction of $55,893.25. Following the sale, the vice president now directly owns 304,937 shares in the company, valued at $16,628,214.61. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Elliott H. Jurgensen, Jr. sold 3,242 shares of the company’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $59.95, for a total value of $194,357.90. Following the sale, the director now owns 6,459 shares in the company, valued at $387,217.05. The disclosure for this sale can be found here. Company insiders own 28.98% of the company’s stock.
Large investors have recently modified their holdings of the stock. Advisor Group Inc. acquired a new stake in shares of Tableau Software during the second quarter valued at $109,000. Metropolitan Life Insurance Co. NY increased its stake in shares of 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 during the last quarter. Freestone Capital Holdings LLC acquired a new stake in shares of Tableau Software during the second quarter valued at $217,000. Highland Private Wealth Management acquired a new stake in shares of Tableau Software during the first quarter valued at $229,000. Finally, IBM Retirement Fund increased its stake in shares of 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 during the last quarter. Institutional investors and hedge funds own 70.66% of the company’s stock.
Tableau Software Company Profile
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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