Tableau Software, Inc. (DATA) Receives Hold Rating from Mizuho
Tableau Software, Inc. (NYSE:DATA)‘s stock had its “hold” rating reiterated by investment analysts at Mizuho in a report issued on Thursday. They presently have a $68.00 price objective on the software company’s stock. Mizuho’s price target would suggest a potential downside of 16.14% from the company’s previous close.
The analysts wrote, “We expect total revenue of $220-225mm (+7-9% Y/Y) vs. guidance of $213-223mm and consensus of $219mm. This includes license revenue of $105-110mm (down 6-10% Y/Y) vs. consensus of $106mm. For profitability, we expect operating income and EPS toward the upper-end of guidance of $5-13mm and $0.04-0.11, respectively, vs. consensus of $10mm and $0.09. Click here for our detailed preview and model. Checks suggest sustained focus on enterprise segment.””
A number of other equities research analysts have also issued reports on DATA. Bank of America Corporation reiterated a “buy” rating and issued a $76.00 target price on shares of Tableau Software in a research note on Monday, July 17th. ValuEngine lowered Tableau Software from a “hold” rating to a “sell” rating in a research note on Thursday, July 20th. Maxim Group restated a “sell” rating and set a $30.00 price objective on shares of Tableau Software in a research note on Tuesday, July 25th. BidaskClub downgraded Tableau Software from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Zacks Investment Research raised Tableau Software from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $69.23.
Tableau Software (NYSE:DATA) last announced its quarterly earnings results on Wednesday, August 2nd. The software company reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.15. The company had revenue of $212.90 million during the quarter, compared to analyst estimates of $210.72 million. Tableau Software had a negative return on equity of 18.71% and a negative net margin of 17.08%. Tableau Software’s quarterly revenue was up 7.3% compared to the same quarter last year.
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In other news, insider Chris Stolte sold 225,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $70.59, for a total value 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 filing with the SEC, which is available at the SEC website. Also, insider Adam Selipsky sold 3,200 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $72.28, for a total transaction of $231,296.00. Following the completion of the sale, the insider now directly owns 216,230 shares of the company’s stock, valued at $15,629,104.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,160,559 shares of company stock worth $81,744,364. 28.98% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Hollencrest Securities LLC increased its stake in Tableau Software by 19.6% during the 2nd quarter. Hollencrest Securities LLC now owns 17,027 shares of the software company’s stock valued at $1,043,000 after purchasing an additional 2,793 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Tableau Software by 39.2% in the second quarter. American Century Companies Inc. now owns 1,091,341 shares of the software company’s stock worth $66,866,000 after buying an additional 307,122 shares during the last quarter. Wellington Management Group LLP purchased a new position in shares of Tableau Software in the first quarter worth approximately $320,000. FMR LLC boosted its holdings in shares of Tableau Software by 44.8% in the second quarter. FMR LLC now owns 2,387,444 shares of the software company’s stock worth $146,279,000 after buying an additional 738,623 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Tableau Software by 5.8% in the second quarter. Northern Trust Corp now owns 283,245 shares of the software company’s stock worth $17,355,000 after buying an additional 15,561 shares during the last quarter. 77.84% of the stock is owned by 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.
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