Tableau Software, Inc. (DATA) Stock Rating Reaffirmed by Royal Bank Of Canada
Tableau Software, Inc. (NYSE:DATA)‘s stock had its “sector perform” rating reiterated by investment analysts at Royal Bank Of Canada in a note issued to investors on Wednesday, Marketbeat Ratings reports. They currently have a $75.00 target price on the software company’s stock, up from their previous target price of $70.00. Royal Bank Of Canada’s price target indicates a potential downside of 1.61% from the company’s current price.
Other equities research analysts have also issued research reports about the company. BidaskClub lowered Tableau Software from a “strong-buy” rating to a “buy” rating in a report on Friday, June 30th. Goldman Sachs Group, Inc. (The) raised Tableau Software from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $59.00 to $78.00 in a report on Tuesday, June 13th. Bank of America Corporation reaffirmed a “buy” rating and issued a $76.00 price objective on shares of Tableau Software in a report on Monday, July 17th. Stifel Nicolaus lifted their price objective on Tableau Software from $75.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. Finally, UBS AG reaffirmed a “buy” rating and issued a $74.00 price objective (up previously from $68.00) on shares of Tableau Software in a report on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $66.86.
Shares of Tableau Software (DATA) opened at 76.23 on Wednesday. The stock’s market cap is $6.03 billion. The stock has a 50 day moving average price of $74.25 and a 200-day moving average price of $64.12. Tableau Software has a 52 week low of $41.41 and a 52 week high of $78.14.
Tableau Software (NYSE:DATA) last issued its quarterly earnings results on Wednesday, August 2nd. The software company reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.15. Tableau Software had a negative return on equity of 18.71% and a negative net margin of 17.08%. The firm had revenue of $212.90 million for the quarter, compared to analysts’ expectations of $210.72 million. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. Equities analysts predict that Tableau Software will post $0.23 EPS for the current fiscal year.
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In other Tableau Software news, Chairman Christian Chabot sold 193,500 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $70.72, for a total value of $13,684,320.00. Following the completion of the transaction, the chairman now directly owns 197,203 shares in the company, valued at approximately $13,946,196.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Adam Selipsky sold 23,801 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $70.53, for a total value of $1,678,684.53. Following the completion of the transaction, the chief executive officer now owns 221,030 shares of the company’s stock, valued at $15,589,245.90. The disclosure for this sale can be found here. Insiders sold a total of 1,160,559 shares of company stock valued at $81,744,364 over the last quarter. 28.98% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of DATA. BlackRock Inc. raised its holdings in Tableau Software by 35,180.2% in the 1st quarter. BlackRock Inc. now owns 2,452,329 shares of the software company’s stock valued at $121,514,000 after acquiring an additional 2,445,378 shares during the last quarter. Artisan Partners Limited Partnership acquired a new position in Tableau Software in the 2nd quarter valued at $85,555,000. Renaissance Technologies LLC raised its holdings in Tableau Software by 131.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,703,500 shares of the software company’s stock valued at $84,408,000 after acquiring an additional 968,400 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Tableau Software by 340.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,065,931 shares of the software company’s stock valued at $65,311,000 after acquiring an additional 824,067 shares during the last quarter. Finally, FMR LLC raised its holdings in Tableau Software by 44.8% in the 2nd quarter. FMR LLC now owns 2,387,444 shares of the software company’s stock valued at $146,279,000 after acquiring an additional 738,623 shares during the last quarter. Institutional investors own 77.61% 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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