Tableau Software, Inc. (DATA) Announces Quarterly Earnings Results, Beats Expectations By $0.07 EPS
Tableau Software, Inc. (NYSE:DATA) issued its earnings results on Thursday. The software company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.07, Bloomberg Earnings reports. The company had revenue of $214.90 million during the quarter, compared to analysts’ expectations of $219.43 million. Tableau Software had a negative return on equity of 20.72% and a negative net margin of 18.76%. Tableau Software’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.16 EPS. Tableau Software updated its Q4 guidance to ($0.01)-0.05 EPS.
Tableau Software (NYSE DATA) traded down $6.58 during trading on Friday, hitting $74.18. The company’s stock had a trading volume of 4,930,524 shares, compared to its average volume of 644,154.
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Several equities research analysts have weighed in on DATA shares. Bank of America Corporation increased their price objective on Tableau Software from $84.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. BidaskClub upgraded Tableau Software from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. KeyCorp reiterated a “buy” rating and issued a $85.00 price objective on shares of Tableau Software in a report on Friday, October 6th. Barclays PLC reiterated a “buy” rating and issued a $80.00 price objective on shares of Tableau Software in a report on Wednesday, October 11th. Finally, Maxim Group reiterated a “sell” rating and issued a $30.00 price objective on shares of Tableau Software in a report on Tuesday, July 25th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $70.00.
In other news, insider Adam Selipsky sold 3,200 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $72.15, for a total value of $230,880.00. Following the transaction, the insider now directly owns 213,030 shares in the company, valued at approximately $15,370,114.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Keenan Michael Conder sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $71.88, for a total value of $143,760.00. Following the completion of the transaction, the executive vice president now owns 79,971 shares in the company, valued at $5,748,315.48. The disclosure for this sale can be found here. In the last three months, insiders sold 1,160,559 shares of company stock valued at $81,744,364. Corporate insiders own 28.98% of the company’s stock.
A hedge fund recently raised its stake in Tableau Software stock. The Manufacturers Life Insurance Company lifted its position in Tableau Software, Inc. (NYSE:DATA) by 7.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,287 shares of the software company’s stock after buying an additional 167 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Tableau Software were worth $140,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors 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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