Tableau Software, Inc. (NYSE:DATA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Friday.

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 analysts have also recently issued reports about the stock. UBS AG reaffirmed a “buy” rating and issued a $68.00 target price (up from $60.00) on shares of Tableau Software in a report on Thursday, May 25th. OTR Global raised shares of Tableau Software to a “positive” rating in a report on Friday, April 21st. Jefferies Group LLC lifted their target price on shares of Tableau Software from $50.00 to $52.00 and gave the company a “hold” rating in a report on Thursday, May 4th. Wedbush cut their target price on shares of Tableau Software from $74.00 to $64.00 and set an “outperform” rating on the stock in a report on Friday, May 26th. Finally, BMO Capital Markets lifted their target price on shares of Tableau Software from $64.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Tableau Software has a consensus rating of “Hold” and an average target price of $64.52.

Tableau Software (NYSE DATA) traded up 0.61% during mid-day trading on Friday, hitting $69.74. 485,739 shares of the stock traded hands. The stock’s market cap is $5.52 billion. The company has a 50 day moving average of $65.53 and a 200-day moving average of $57.95. Tableau Software has a 12-month low of $41.41 and a 12-month high of $71.53.

Tableau Software (NYSE:DATA) last announced its earnings results on Wednesday, August 2nd. The software company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.15. The business had revenue of $212.90 million for the quarter, compared to analysts’ expectations of $210.72 million. Tableau Software had a negative net margin of 17.08% and a negative return on equity of 18.71%. The firm’s revenue was up 7.3% compared to the same quarter last year. Equities research analysts forecast that Tableau Software will post $0.22 earnings per share for the current year.

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In other news, CFO Thomas E. Walker, Jr. sold 35,500 shares of the company’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $64.80, for a total transaction of $2,300,400.00. Following the completion of the transaction, the chief financial officer now owns 170,834 shares of the company’s stock, valued at approximately $11,070,043.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director A Brooke Seawell sold 7,039 shares of the company’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $60.40, for a total transaction of $425,155.60. Following the transaction, the director now directly owns 7,349 shares of the company’s stock, valued at approximately $443,879.60. The disclosure for this sale can be found here. Insiders sold a total of 1,154,654 shares of company stock valued at $80,197,595 in the last three months. 28.98% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Winfield Associates Inc. increased its position in 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 in the last quarter. PNC Financial Services Group Inc. increased its stake in Tableau Software by 0.5% in the first quarter. PNC Financial Services Group Inc. now owns 4,336 shares of the software company’s stock worth $215,000 after buying an additional 20 shares during the period. Utah Retirement Systems increased its stake in Tableau Software by 1.0% in the first quarter. Utah Retirement Systems now owns 10,000 shares of the software company’s stock worth $495,000 after buying an additional 100 shares during the period. Public Employees Retirement Association of Colorado increased its stake in Tableau Software by 1.1% in the second quarter. Public Employees Retirement Association of Colorado now owns 13,107 shares of the software company’s stock worth $803,000 after buying an additional 138 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in Tableau Software by 7.9% in the second quarter. The Manufacturers Life Insurance Company now owns 2,287 shares of the software company’s stock worth $140,000 after buying an additional 167 shares during the period. 76.72% 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.

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