Tableau Software, Inc. (NYSE:DATA)‘s stock had its “outperform” rating reiterated by stock analysts at Wedbush in a research note issued on Wednesday. They presently have a $84.00 price objective on the software company’s stock. Wedbush’s price target indicates a potential upside of 10.19% from the company’s previous close.

DATA has been the topic of a number of other research reports. BidaskClub raised shares of Tableau Software from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. KeyCorp reaffirmed a “buy” rating and set a $85.00 price target on shares of Tableau Software in a research report on Friday, October 6th. Bank of America Corporation reaffirmed a “buy” rating and set a $76.00 price target on shares of Tableau Software in a research report on Monday, July 17th. Maxim Group reaffirmed a “sell” rating and set a $30.00 price target on shares of Tableau Software in a research report on Tuesday, July 25th. Finally, Zacks Investment Research raised shares of Tableau Software from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $66.86.

Tableau Software (NYSE:DATA) opened at 76.23 on Wednesday. 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. The company’s market capitalization is $6.03 billion.

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 Zacks’ consensus estimate 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 company’s revenue for the quarter was up 7.3% compared to the same quarter last year. Analysts anticipate that Tableau Software will post $0.23 EPS for the current fiscal year.

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In other news, insider Chris Stolte sold 225,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $70.59, for a total transaction of $15,882,750.00. Following the completion of the sale, the insider now owns 153,702 shares in the company, valued at approximately $10,849,824.18. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Keenan Michael Conder sold 6,800 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 86,164 shares of the company’s stock, valued at approximately $5,878,108.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,160,559 shares of company stock valued at $81,744,364. Company insiders own 28.98% of the company’s stock.

Hedge funds have recently modified their holdings of the company. ETF Managers Group LLC purchased a new stake in shares of Tableau Software during the 2nd quarter worth approximately $119,000. Cowen Prime Services LLC purchased a new stake in shares of Tableau Software during the 3rd quarter worth approximately $111,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of 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 increased its stake in shares of 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. Finally, Winfield Associates Inc. increased its stake in shares of 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. 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.

Analyst Recommendations for Tableau Software (NYSE:DATA)

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