Tableau Software, Inc. (NYSE:DATA) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

Several other research firms have also commented on DATA. Wedbush lowered their price objective on Tableau Software from $74.00 to $64.00 and set an “outperform” rating on the stock in a research report on Friday, May 26th. Royal Bank Of Canada restated a “hold” rating and issued a $65.00 price objective on shares of Tableau Software in a research report on Friday, May 26th. Barclays PLC upped their price objective on Tableau Software from $60.00 to $72.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 30th. Deutsche Bank AG upped their price objective on Tableau Software from $60.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, May 30th. Finally, Bank of America Corporation upped their price objective on Tableau Software from $72.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, May 30th. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Tableau Software has an average rating of “Hold” and a consensus price target of $62.17.

Tableau Software (NYSE:DATA) traded down 0.05% during midday trading on Thursday, reaching $64.43. 350,644 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $62.99 and its 200 day moving average is $54.93. The firm’s market capitalization is $5.02 billion. Tableau Software has a 52 week low of $41.41 and a 52 week high of $67.10.

Tableau Software (NYSE:DATA) last issued its earnings results on Wednesday, May 3rd. The software company reported ($0.67) EPS for the quarter, missing the Zacks’ 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 analysts’ expectations of $200.91 million. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. On average, equities analysts anticipate that Tableau Software will post $0.03 earnings per share for the current year.

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In other news, insider Elissa Fink sold 5,000 shares of the stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $60.17, for a total transaction of $300,850.00. Following the completion of the transaction, the insider now directly owns 75,642 shares in the company, valued at approximately $4,551,379.14. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Christian Chabot sold 250,000 shares of the stock in a transaction on Monday, May 8th. The stock was sold at an average price of $60.05, for a total value of $15,012,500.00. Following the transaction, the chairman now owns 253,806 shares of the company’s stock, valued at $15,241,050.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 716,025 shares of company stock valued at $43,731,668. 28.98% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. Matrix Capital Management Company LP acquired a new position in Tableau Software during the third quarter worth $302,603,000. Price T Rowe Associates Inc. MD boosted its position in Tableau Software by 107.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 9,720,310 shares of the software company’s stock worth $537,242,000 after buying an additional 5,030,497 shares in the last quarter. BlackRock Inc. boosted its position in Tableau Software by 35,180.2% in the first quarter. BlackRock Inc. now owns 2,452,329 shares of the software company’s stock worth $121,514,000 after buying an additional 2,445,378 shares in the last quarter. Renaissance Technologies LLC boosted its position in Tableau Software by 131.7% in the first quarter. Renaissance Technologies LLC now owns 1,703,500 shares of the software company’s stock worth $84,408,000 after buying an additional 968,400 shares in the last quarter. Finally, Norges Bank acquired a new position in Tableau Software during the fourth quarter worth $40,599,000. Institutional investors and hedge funds own 75.95% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Tableau Software (NYSE:DATA)

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