Tableau Software, Inc. (DATA) Downgraded to Hold at Zacks Investment Research
Tableau Software, Inc. (NYSE:DATA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Thursday.
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 also recently issued reports about the stock. BidaskClub downgraded shares of Tableau Software from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. Goldman Sachs Group, Inc. (The) upgraded shares of Tableau Software from a “neutral” rating to a “buy” rating and upped their price target for the company from $59.00 to $78.00 in a report on Tuesday, June 13th. UBS AG reiterated a “buy” rating and set a $68.00 price target (up from $60.00) on shares of Tableau Software in a report on Thursday, May 25th. Bank of America Corporation upped their price target 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. Finally, BTIG Research reiterated a “buy” rating and set a $65.00 price target on shares of Tableau Software in a report on Monday, May 15th. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $64.29.
Tableau Software (NYSE DATA) traded up 0.17% during mid-day trading on Thursday, hitting $72.24. 1,138,545 shares of the stock were exchanged. The firm’s market capitalization is $5.71 billion. Tableau Software has a 52 week low of $41.41 and a 52 week high of $73.37. The company’s 50-day moving average price is $68.89 and its 200 day moving average price is $59.83.
Tableau Software (NYSE:DATA) last issued its quarterly earnings results on Wednesday, August 2nd. The software company reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.15. The company had revenue of $212.90 million for the quarter, compared to the consensus estimate 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 expect that Tableau Software will post $0.22 EPS for the current year.
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In other Tableau Software news, EVP Keenan Michael Conder sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $71.88, for a total transaction of $143,760.00. Following the transaction, the executive vice president now owns 79,971 shares in the company, valued at approximately $5,748,315.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Adam Selipsky sold 3,200 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $72.28, for a total transaction of $231,296.00. Following the transaction, the insider now owns 216,230 shares in the company, valued at approximately $15,629,104.40. The disclosure for this sale can be found here. Insiders have sold 1,157,359 shares of company stock valued at $81,513,484 in the last three months. 28.98% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the business. ETF Managers Group LLC acquired a new position in Tableau Software during the 2nd quarter valued at approximately $119,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Tableau Software by 12.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,105 shares of the software company’s stock valued at $129,000 after purchasing an additional 231 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Tableau Software by 164.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,266 shares of the software company’s stock valued at $139,000 after purchasing an additional 1,409 shares in the last quarter. Winfield Associates Inc. increased its stake in Tableau Software by 0.7% during the 1st quarter. Winfield Associates Inc. now owns 2,280 shares of the software company’s stock valued at $113,000 after purchasing an additional 15 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Tableau Software by 7.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,287 shares of the software company’s stock valued at $140,000 after purchasing an additional 167 shares in the last quarter. Institutional investors and hedge funds own 78.00% 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.
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