Tableau Software, Inc. (DATA) Updates Q4 Earnings Guidance
Tableau Software, Inc. (NYSE:DATA) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of ($0.01)-0.05 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.08. The company issued revenue guidance of $235-245 million, compared to the consensus revenue estimate of $250.71 million.
Tableau Software (NYSE:DATA) last released its quarterly earnings data on Monday, October 30th. The software company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.07. The company had revenue of $214.90 million during the quarter, compared to analysts’ expectations of $219.43 million. Tableau Software had a negative net margin of 17.08% and a negative return on equity of 18.71%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.16 EPS.
Several research firms have issued reports on DATA. Morgan Stanley boosted their price objective on shares of Tableau Software from $68.00 to $71.00 and gave the company an equal weight rating in a research report on Thursday. Mizuho reissued a hold rating and issued a $68.00 price objective on shares of Tableau Software in a research report on Thursday. BMO Capital Markets boosted their price objective on shares of Tableau Software from $64.00 to $70.00 and gave the company a market perform rating in a research report on Thursday, August 3rd. Royal Bank Of Canada boosted their price objective on shares of Tableau Software from $65.00 to $70.00 and gave the company a sector perform rating in a research report on Thursday, August 3rd. Finally, Needham & Company LLC began coverage on shares of Tableau Software in a research report on Monday, October 23rd. They issued a buy rating and a $98.00 price objective for the company. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $69.23.
In other news, insider Chris Stolte sold 225,000 shares of the company’s stock in a transaction on 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Christian Chabot sold 193,500 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $70.72, for a total transaction of $13,684,320.00. Following the completion of the sale, the chairman now directly owns 197,203 shares in the company, valued at $13,946,196.16. 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 ninety days. Insiders own 28.98% of the company’s stock.
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A hedge fund recently raised its stake in Tableau Software stock. The Manufacturers Life Insurance Company grew its holdings in Tableau Software, Inc. (NYSE:DATA) by 7.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,287 shares of the software company’s stock after acquiring an additional 167 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Tableau Software were worth $140,000 at the end of the most recent quarter. Institutional investors and hedge funds own 77.84% 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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