BMO Capital Markets Raises Tableau Software, Inc. (DATA) Price Target to $77.00
Tableau Software, Inc. (NYSE:DATA) had its price objective boosted by stock analysts at BMO Capital Markets from $70.00 to $77.00 in a report issued on Friday. The firm currently has a “market perform” rating on the software company’s stock. BMO Capital Markets’ price target would suggest a potential upside of 3.22% from the company’s previous close. The analysts noted that the move was a valuation call.
Several other research analysts also recently issued reports on DATA. Bank of America Corporation reissued a “buy” rating and set a $76.00 price objective on shares of Tableau Software in a research report on Monday, July 17th. ValuEngine downgraded shares of Tableau Software from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. Maxim Group reissued a “sell” rating and set a $30.00 price objective on shares of Tableau Software in a research report on Tuesday, July 25th. BidaskClub downgraded shares of Tableau Software from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Zacks Investment Research raised shares of Tableau Software from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $70.00.
Tableau Software (NYSE DATA) traded down $6.16 during midday trading on Friday, hitting $74.60. 6,713,861 shares of the company were exchanged, compared to its average volume of 644,154.
Tableau Software (NYSE:DATA) last posted its earnings results on Thursday, November 2nd. The software company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.07. The firm had revenue of $214.90 million for the quarter, compared to the consensus estimate of $219.43 million. Tableau Software had a negative net margin of 18.76% and a negative return on equity of 20.72%. The company’s revenue was up 4.3% on a year-over-year basis. During the same period last year, the firm posted $0.16 EPS. analysts predict that Tableau Software will post -1.59 EPS for the current year.
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In other Tableau Software news, CFO Thomas E. Walker, Jr. sold 2,500 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $68.27, for a total transaction of $170,675.00. Following the completion of the transaction, the chief financial officer now directly owns 140,900 shares in the company, valued at approximately $9,619,243. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam Selipsky sold 3,200 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $72.28, for a total transaction of $231,296.00. Following the transaction, the insider now owns 216,230 shares of the company’s stock, valued at $15,629,104.40. The disclosure for this sale can be found here. Insiders have sold a total of 1,160,559 shares of company stock valued at $81,744,364 over the last 90 days. 28.98% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings 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 worth $287,489,000 after buying an additional 450,910 shares in the last quarter. BlackRock Inc. grew its holdings 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 worth $163,756,000 after buying an additional 220,387 shares in the last quarter. FMR LLC grew its holdings 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 worth $146,279,000 after buying an additional 738,623 shares in the last quarter. Baillie Gifford & Co. grew its holdings in shares of Tableau Software by 0.9% during the third quarter. Baillie Gifford & Co. now owns 1,405,232 shares of the software company’s stock worth $105,238,000 after buying an additional 12,193 shares in the last quarter. Finally, Artisan Partners Limited Partnership purchased a new stake in shares of Tableau Software during the second quarter worth about $85,555,000. Institutional investors and hedge funds own 77.84% of the company’s stock.
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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