Tableau Software, Inc. (DATA) Stock Rating Upgraded by Zacks Investment Research
Tableau Software, Inc. (NYSE:DATA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday. The firm presently has a $81.00 price objective on the software company’s stock. Zacks Investment Research‘s price objective points to a potential upside of 11.19% from the stock’s current price.
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 equities analysts also recently weighed in on the company. Moffett Nathanson began coverage on Tableau Software in a research report on Wednesday. They issued a “neutral” rating and a $76.00 target price on the stock. BidaskClub upgraded Tableau Software from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Barclays PLC restated an “overweight” rating and issued a $76.00 target price (up previously from $72.00) on shares of Tableau Software in a research report on Wednesday, August 9th. Royal Bank Of Canada restated a “sector perform” rating and issued a $70.00 target price (up previously from $65.00) on shares of Tableau Software in a research report on Wednesday, August 9th. Finally, TheStreet upgraded Tableau Software from a “d+” rating to a “c-” rating in a research report on Thursday, August 3rd. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. Tableau Software currently has an average rating of “Hold” and an average target price of $64.82.
Shares of Tableau Software (NYSE DATA) traded up 0.84% during mid-day trading on Friday, hitting $72.85. The stock had a trading volume of 656,375 shares. Tableau Software has a one year low of $41.41 and a one year high of $73.37. The stock’s market cap is $5.76 billion. The firm has a 50 day moving average of $69.35 and a 200-day moving average of $60.01.
Tableau Software (NYSE:DATA) last released its earnings results on Wednesday, August 2nd. The software company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.15. The business had revenue of $212.90 million for the quarter, compared to the consensus estimate of $210.72 million. Tableau Software had a negative return on equity of 18.71% and a negative net margin of 17.08%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. Equities research analysts expect that Tableau Software will post $0.22 earnings per share for the current fiscal year.
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In related news, EVP Keenan Michael Conder sold 6,800 shares of the business’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $68.22, for a total transaction of $463,896.00. Following the completion of the transaction, the executive vice president now directly owns 86,164 shares of the company’s stock, valued at approximately $5,878,108.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Adam Selipsky sold 3,200 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $72.28, for a total value of $231,296.00. Following the transaction, the insider now directly owns 216,230 shares of the company’s stock, valued at $15,629,104.40. The disclosure for this sale can be found here. Insiders have sold a total of 1,160,559 shares of company stock valued at $81,744,364 over the last three months. 28.98% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ETF Managers Group LLC acquired a new position in Tableau Software during the 2nd quarter worth $119,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings 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 worth $129,000 after buying an additional 231 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings 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 worth $139,000 after buying an additional 1,409 shares during the last quarter. Winfield Associates Inc. lifted its holdings in Tableau Software by 0.7% during the 1st 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. Finally, The Manufacturers Life Insurance Company lifted its holdings 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 worth $140,000 after buying an additional 167 shares during the last quarter. 78.00% of the stock is 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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