Tableau Software, Inc. (NYSE:DATA)‘s stock had its “buy” rating reissued by analysts at Bank of America Corporation in a report released on Monday. They currently have a $76.00 price target on the software company’s stock. Bank of America Corporation’s price objective points to a potential upside of 20.85% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Rosenblatt Securities restated a “buy” rating and issued a $70.00 price target on shares of Tableau Software in a research note on Monday, March 20th. Vetr lowered shares of Tableau Software from a “strong-buy” rating to a “buy” rating and set a $56.71 price target on the stock. in a research note on Thursday, April 6th. BTIG Research started coverage on shares of Tableau Software in a research note on Monday, April 17th. They issued a “buy” rating and a $65.00 price target on the stock. Stifel Nicolaus restated a “buy” rating and issued a $75.00 price target on shares of Tableau Software in a research note on Thursday, May 4th. Finally, UBS AG restated a “buy” rating and issued a $68.00 price target (up previously from $60.00) on shares of Tableau Software in a research note on Thursday, May 25th. Four investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $61.87.

Tableau Software (NYSE:DATA) traded up 1.69% during trading on Monday, reaching $63.95. The company’s stock had a trading volume of 436,923 shares. Tableau Software has a 52 week low of $41.41 and a 52 week high of $67.10. The firm has a 50 day moving average of $62.39 and a 200 day moving average of $52.91. The stock’s market capitalization is $4.99 billion.

Tableau Software (NYSE:DATA) last announced its quarterly earnings results on Wednesday, May 3rd. The software company reported ($0.67) EPS for the quarter, missing the consensus estimate of ($0.51) by $0.16. Tableau Software had a negative net margin of 17.95% and a negative return on equity of 19.26%. The firm had revenue of $199.90 million during the quarter, compared to analyst estimates of $200.91 million. The business’s quarterly revenue was up 16.4% compared to the same quarter last year. Analysts expect that Tableau Software will post $0.03 EPS for the current year.

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In other Tableau Software news, insider Elissa Fink sold 5,000 shares of Tableau Software stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $60.17, for a total transaction of $300,850.00. Following the completion of the sale, the insider now owns 75,642 shares of the company’s stock, valued at approximately $4,551,379.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William Bosworth sold 500 shares of Tableau Software stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $61.96, for a total transaction of $30,980.00. Following the sale, the director now directly owns 9,549 shares of the company’s stock, valued at approximately $591,656.04. The disclosure for this sale can be found here. Insiders have sold a total of 716,025 shares of company stock valued at $43,731,668 in the last three months. Company insiders own 28.98% of the company’s stock.

Large investors have recently modified their holdings of the stock. Winfield Associates Inc. raised its stake 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 worth $113,000 after buying an additional 15 shares during the period. Westpac Banking Corp bought a new stake in shares of Tableau Software during the first quarter worth about $126,000. FNY Partners Fund LP raised its stake 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 worth $148,000 after buying an additional 2,980 shares during the period. Intellectus Partners LLC raised its stake in shares of Tableau Software by 7.8% in the first quarter. Intellectus Partners LLC now owns 3,450 shares of the software company’s stock worth $171,000 after buying an additional 250 shares during the period. Finally, Karp Capital Management Corp bought a new stake in shares of Tableau Software during the first quarter worth about $200,000. 75.95% of the stock is owned by institutional investors.

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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