Tableau Software, Inc. (NYSE:DATA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research 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. “

Several other brokerages also recently commented on DATA. Benchmark Co. initiated coverage on shares of Tableau Software in a report on Thursday, April 27th. They issued a “hold” rating for the company. Wedbush reissued an “outperform” rating and issued a $60.00 price target on shares of Tableau Software in a report on Friday, March 31st. BMO Capital Markets raised their price target on shares of Tableau Software from $55.00 to $64.00 and gave the company an “outperform” rating in a report on Thursday, May 4th. Sanford C. Bernstein initiated coverage on shares of Tableau Software in a report on Wednesday, May 24th. They issued an “outperform” rating and a $79.00 price target for the company. Finally, OTR Global raised shares of Tableau Software to a “positive” rating in a report on Friday, April 21st. Four equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $62.17.

Shares of Tableau Software (NYSE:DATA) traded up 0.74% during midday trading on Tuesday, hitting $64.93. The company had a trading volume of 576,660 shares. The company’s market capitalization is $5.06 billion. Tableau Software has a 12-month low of $41.41 and a 12-month high of $67.10. The company’s 50-day moving average price is $63.08 and its 200 day moving average price is $55.29.

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 Thomson Reuters’ 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 the consensus estimate of $200.91 million. Tableau Software’s revenue for the quarter was up 16.4% on a year-over-year basis. Equities research analysts predict that Tableau Software will post $0.03 earnings per share for the current fiscal year.

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In other news, Director William Bosworth sold 500 shares of Tableau Software stock in a transaction dated 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 owns 9,549 shares of the company’s stock, valued at approximately $591,656.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Chris Stolte sold 150,000 shares of Tableau Software stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $60.15, for a total transaction of $9,022,500.00. Following the sale, the insider now directly owns 153,805 shares in the company, valued at approximately $9,251,370.75. The disclosure for this sale can be found here. Insiders sold 716,025 shares of company stock worth $43,731,668 in the last 90 days. Corporate insiders own 28.98% of the company’s stock.

Several large investors have recently made changes to their positions in DATA. 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 last quarter. Westpac Banking Corp bought a new stake in shares of Tableau Software during the first quarter worth $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 last quarter. 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 last quarter. Finally, Diversified Trust Co bought a new stake in shares of Tableau Software during the second quarter worth $224,000. 76.12% of the stock is currently owned by hedge funds and other institutional investors.

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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