Tableau Software, Inc. (DATA) Given Consensus Recommendation of “Hold” by Brokerages
Tableau Software, Inc. (NYSE:DATA) has earned a consensus rating of “Hold” from the thirty-eight research firms that are currently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $61.96.
DATA has been the subject of several research analyst reports. Vetr lowered shares of Tableau Software from a “strong-buy” rating to a “buy” rating and set a $56.71 price objective for the company. in a report on Thursday, April 6th. BTIG Research started coverage on shares of Tableau Software in a report on Monday, April 17th. They set a “buy” rating and a $65.00 target price for the company. Stifel Nicolaus reiterated a “buy” rating and set a $75.00 target price on shares of Tableau Software in a report on Thursday, May 4th. UBS AG reiterated a “buy” rating and set a $68.00 target price (up from $60.00) on shares of Tableau Software in a report on Thursday, May 25th. Finally, Bank of America Corporation lifted their target price on shares of Tableau Software from $72.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, May 30th.
In other news, Director William Bosworth sold 500 shares of the firm’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $61.96, for a total value of $30,980.00. Following the transaction, the director now directly owns 9,549 shares of the company’s stock, valued at $591,656.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Christian Chabot sold 250,000 shares of the firm’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $60.05, for a total transaction of $15,012,500.00. Following the completion of the transaction, the chairman now directly owns 253,806 shares in the company, valued at $15,241,050.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 716,025 shares of company stock worth $43,731,668. 28.98% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the company. Opera Trading Capital purchased a new position in shares of Tableau Software during the first quarter worth approximately $495,000. American Century Companies Inc. purchased a new position in shares of Tableau Software during the first quarter worth approximately $38,858,000. Canada Pension Plan Investment Board increased its position in shares of Tableau Software by 141.0% in the first quarter. Canada Pension Plan Investment Board now owns 104,100 shares of the software company’s stock worth $5,158,000 after buying an additional 60,900 shares during the period. Wells Fargo & Company MN increased its position in shares of Tableau Software by 514.6% in the first quarter. Wells Fargo & Company MN now owns 373,762 shares of the software company’s stock worth $18,520,000 after buying an additional 312,951 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Tableau Software during the first quarter worth approximately $540,000. 75.95% of the stock is currently owned by institutional investors.
Shares of Tableau Software (NYSE DATA) traded down 0.7453% during mid-day trading on Friday, reaching $63.9498. The company had a trading volume of 185,671 shares. Tableau Software has a 12-month low of $41.41 and a 12-month high of $67.10. The firm has a 50-day moving average of $62.99 and a 200-day moving average of $54.93. The company’s market capitalization is $4.99 billion.
Tableau Software (NYSE:DATA) last issued its quarterly earnings data on Wednesday, May 3rd. The software company reported ($0.67) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.51) by $0.16. Tableau Software had a negative return on equity of 19.26% and a negative net margin of 17.95%. The company had revenue of $199.90 million during the quarter, compared to analysts’ expectations of $200.91 million. The business’s 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 fiscal year.
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Tableau Software Company Profile
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.
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