Shares of Tableau Software, Inc. (NYSE:DATA) have been assigned a consensus recommendation of “Hold” from the thirty-seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, sixteen have given a hold recommendation, fifteen have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $65.18.

DATA has been the subject of a number of analyst reports. BTIG Research reissued a “buy” rating and issued a $65.00 price objective on shares of Tableau Software in a research note on Monday, May 15th. Sanford C. Bernstein initiated coverage on shares of Tableau Software in a research note on Wednesday, May 24th. They issued an “outperform” rating and a $79.00 price objective for the company. UBS AG reissued a “buy” rating and issued a $68.00 price objective (up from $60.00) on shares of Tableau Software in a research note on Thursday, May 25th. Wedbush reduced their price objective on shares of Tableau Software from $74.00 to $64.00 and set an “outperform” rating for the company in a research note on Friday, May 26th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $65.00 price objective on shares of Tableau Software in a research note on Friday, May 26th.

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Tableau Software (DATA) traded up 0.84% on Friday, hitting $72.85. 656,375 shares of the stock were exchanged. Tableau Software has a 12 month low of $41.41 and a 12 month high of $73.37. The firm’s market cap is $5.76 billion. The company has a 50-day moving average of $69.35 and a 200 day moving average of $60.01.

Tableau Software (NYSE:DATA) last announced its quarterly earnings data on Wednesday, August 2nd. The software company reported $0.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.15. The firm had revenue of $212.90 million during 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%. Tableau Software’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.

In other Tableau Software news, insider Adam Selipsky sold 3,200 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $72.15, for a total transaction of $230,880.00. Following the sale, the insider now owns 213,030 shares of the company’s stock, valued at approximately $15,370,114.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Thomas E. Walker, Jr. sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $68.27, for a total transaction of $170,675.00. Following the sale, the chief financial officer now directly owns 140,900 shares in the company, valued at approximately $9,619,243. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,160,559 shares of company stock worth $81,744,364. 28.98% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the business. ETF Managers Group LLC purchased a new stake in Tableau Software during the 2nd quarter worth approximately $119,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position 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 purchasing an additional 231 shares during the last quarter. BNP Paribas Arbitrage SA grew its position 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 purchasing an additional 1,409 shares during the last quarter. Winfield Associates Inc. grew its position 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 purchasing an additional 15 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position 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 purchasing an additional 167 shares during the last quarter. 78.00% of the stock is currently 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.

Analyst Recommendations for Tableau Software (NYSE:DATA)

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