Needham & Company LLC assumed coverage on shares of Tableau Software Inc (NYSE:DATA) in a note issued to investors on Monday. The firm set a “buy” rating and a $98.00 price target on the software company’s stock. Needham & Company LLC’s target price points to a potential upside of 24.40% from the stock’s current price.

DATA has been the topic of a number of other research reports. Zacks Investment Research cut shares of Tableau Software from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Deutsche Bank AG raised their target price on shares of Tableau Software from $65.00 to $70.00 and gave the stock a “hold” rating in a research note on Thursday, August 3rd. ValuEngine cut shares of Tableau Software from a “hold” rating to a “sell” rating in a research note on Thursday, July 20th. Barclays PLC restated an “overweight” rating and set a $76.00 target price (up previously from $72.00) on shares of Tableau Software in a research note on Thursday, August 3rd. Finally, BidaskClub upgraded shares of Tableau Software from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. Tableau Software currently has a consensus rating of “Hold” and a consensus target price of $68.55.

Shares of Tableau Software (NYSE DATA) opened at 78.78 on Monday. The company’s 50-day moving average is $75.70 and its 200-day moving average is $65.57. The company’s market cap is $6.23 billion. Tableau Software has a 12-month low of $41.41 and a 12-month high of $79.82.

Tableau Software (NYSE:DATA) last released its earnings results on Wednesday, August 2nd. The software company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.15. Tableau Software had a negative net margin of 19.97% and a negative return on equity of 22.16%. The company had revenue of $212.90 million for the quarter, compared to analysts’ expectations of $210.72 million. The business’s revenue was up 7.3% on a year-over-year basis. Equities research analysts predict that Tableau Software will post $0.23 earnings per share for the current year.

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In other news, Director William Bosworth sold 450 shares of the business’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $71.52, for a total transaction of $32,184.00. Following the completion of 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 can be accessed through the SEC website. Also, insider Chris Stolte sold 225,000 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 153,702 shares of the company’s stock, valued at $10,849,824.18. The disclosure for this sale can be found here. Insiders have sold 1,160,559 shares of company stock valued at $81,744,364 over the last three months. Insiders own 28.98% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Tableau Software by 10.6% during the second quarter. Vanguard Group Inc. now owns 4,692,183 shares of the software company’s stock valued at $287,489,000 after purchasing an additional 450,910 shares during the period. BlackRock Inc. boosted its stake in shares of Tableau Software by 9.0% during the second quarter. BlackRock Inc. now owns 2,672,716 shares of the software company’s stock valued at $163,756,000 after purchasing an additional 220,387 shares during the period. FMR LLC boosted its stake in shares of Tableau Software by 44.8% during the second quarter. FMR LLC now owns 2,387,444 shares of the software company’s stock valued at $146,279,000 after purchasing an additional 738,623 shares during the period. Artisan Partners Limited Partnership purchased a new stake in shares of Tableau Software during the second quarter valued at $85,555,000. Finally, American Century Companies Inc. boosted its stake in shares of Tableau Software by 39.2% during the second quarter. American Century Companies Inc. now owns 1,091,341 shares of the software company’s stock valued at $66,866,000 after purchasing an additional 307,122 shares during the period. 77.40% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Tableau Software (NYSE:DATA)

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