Tableau Software, Inc. (DATA) Stock Rating Reaffirmed by Barclays PLC
Tableau Software, Inc. (NYSE:DATA)‘s stock had its “buy” rating restated by equities researchers at Barclays PLC in a report released on Wednesday. They currently have a $80.00 price target on the software company’s stock. Barclays PLC’s price objective suggests a potential upside of 3.98% from the company’s current price.
Other equities research analysts have also issued research reports about the stock. UBS AG reaffirmed a “buy” rating and issued a $74.00 target price (up previously from $68.00) on shares of Tableau Software in a report on Thursday, August 3rd. BidaskClub lowered 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) raised shares of Tableau Software from a “neutral” rating to a “buy” rating and upped their target price for the stock 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 target price on shares of Tableau Software in a report on Monday, July 17th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $67.00 target price on shares of Tableau Software in a report on Sunday, July 30th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $67.00.
Tableau Software (NYSE:DATA) traded up 0.93% during mid-day trading on Wednesday, reaching $76.94. 634,555 shares of the company traded hands. The stock has a 50-day moving average of $74.25 and a 200 day moving average of $64.12. Tableau Software has a 52-week low of $41.41 and a 52-week high of $78.14. The stock’s market capitalization is $6.09 billion.
Tableau Software (NYSE:DATA) last posted its earnings results on Wednesday, August 2nd. The software company reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.15. Tableau Software had a negative net margin of 17.08% and a negative return on equity of 18.71%. The business had revenue of $212.90 million for the quarter, compared to analyst estimates of $210.72 million. The company’s revenue was up 7.3% on a year-over-year basis. Equities research analysts expect that Tableau Software will post $0.23 earnings per share for the current year.
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In related news, insider Chris Stolte sold 225,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was 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 directly owns 153,702 shares of the company’s stock, valued at approximately $10,849,824.18. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director A Brooke Seawell sold 1,005 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $72.23, for a total value of $72,591.15. Following the sale, the director now directly owns 3,015 shares of the company’s stock, valued at $217,773.45. The disclosure for this sale can be found here. Insiders sold a total of 1,160,559 shares of company stock worth $81,744,364 over the last quarter. 28.98% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Lord Abbett & CO. LLC bought a new stake in Tableau Software during the 2nd quarter worth approximately $11,938,000. Dynamic Technology Lab Private Ltd increased its stake in Tableau Software by 68.0% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 14,011 shares of the software company’s stock worth $858,000 after purchasing an additional 5,669 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in Tableau Software by 80.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 25,003 shares of the software company’s stock worth $1,532,000 after purchasing an additional 11,155 shares in the last quarter. Sterling Capital Management LLC bought a new stake in Tableau Software during the 2nd quarter worth approximately $1,607,000. Finally, Nomura Holdings Inc. bought a new stake in Tableau Software during the 2nd quarter worth approximately $491,000. 77.61% of the stock is owned by institutional investors and hedge funds.
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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