Tableau Software’s (DATA) Hold Rating Reiterated at BMO Capital Markets
Tableau Software, Inc. (NYSE:DATA)‘s stock had its “hold” rating reaffirmed by BMO Capital Markets in a note issued to investors on Friday. They presently have a $70.00 price objective on the software company’s stock. BMO Capital Markets’ target price suggests a potential downside of 9.35% from the stock’s previous close.
A number of other research firms have also recently issued reports on DATA. Robert W. Baird set a $68.00 price objective on Tableau Software and gave the stock a “hold” rating in a report on Friday, October 6th. Jefferies Group LLC restated a “hold” rating and set a $58.00 target price on shares of Tableau Software in a report on Sunday, October 8th. Barclays PLC restated a “buy” rating and set a $80.00 target price on shares of Tableau Software in a report on Wednesday. KeyCorp restated a “buy” rating and set a $85.00 target price on shares of Tableau Software in a report on Friday, October 6th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $75.00 target price (up from $70.00) on shares of Tableau Software in a report on Wednesday. Three equities 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 company currently has a consensus rating of “Hold” and a consensus target price of $67.00.
Shares of Tableau Software (DATA) opened at 77.22 on Friday. Tableau Software has a 52 week low of $41.41 and a 52 week high of $78.14. The firm’s market capitalization is $6.11 billion. The stock’s 50 day moving average price is $74.57 and its 200-day moving average price is $64.30.
Tableau Software (NYSE:DATA) last posted its quarterly earnings data on Wednesday, August 2nd. The software company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $210.72 million. Tableau Software’s revenue was up 7.3% compared to the same quarter last year. Equities analysts predict that Tableau Software will post $0.23 earnings per share for the current year.
In other Tableau Software news, Director William Bosworth sold 450 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $71.52, for a total transaction of $32,184.00. Following the sale, the director now directly owns 9,099 shares of the company’s stock, valued at $650,760.48. 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 that occurred on Wednesday, August 16th. The stock was sold at an average price of $70.53, for a total value of $1,678,684.53. Following the sale, the chief executive officer now directly owns 221,030 shares in the company, valued at $15,589,245.90. The disclosure for this sale can be found here. Insiders have sold 1,160,559 shares of company stock worth $81,744,364 over the last three months. 28.98% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in DATA. Cowen Prime Services LLC purchased a new position in shares of Tableau Software during the third quarter valued at approximately $111,000. Winfield Associates Inc. boosted its position in shares of Tableau Software by 0.7% during the first quarter. Winfield Associates Inc. now owns 2,280 shares of the software company’s stock valued at $113,000 after buying an additional 15 shares during the period. ETF Managers Group LLC purchased a new position in shares of Tableau Software during the second quarter valued at approximately $119,000. Westpac Banking Corp purchased a new position in shares of Tableau Software during the first quarter valued at approximately $126,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Tableau Software by 12.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,105 shares of the software company’s stock valued at $129,000 after buying an additional 231 shares during the period. Institutional investors and hedge funds 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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