Tableau Software’s (DATA) Buy Rating Reiterated at Needham & Company LLC
Tableau Software, Inc. (NYSE:DATA)‘s stock had its “buy” rating reiterated by investment analysts at Needham & Company LLC in a report released on Friday. They currently have a $97.00 price target on the software company’s stock. Needham & Company LLC’s price objective would suggest a potential upside of 30.03% from the company’s current price.
A number of other equities research analysts have also weighed in on the stock. Stifel Nicolaus boosted their price objective on shares of Tableau Software from $75.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. UBS Group AG (USA) reiterated a “buy” rating and issued a $74.00 price objective (up previously from $68.00) on shares of Tableau Software in a research report on Thursday, August 3rd. Bank of America Corporation reiterated a “buy” rating and issued a $76.00 price objective on shares of Tableau Software in a research report on Monday, July 17th. BidaskClub upgraded shares of Tableau Software from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, KeyCorp restated a “buy” rating and set a $67.00 price target on shares of Tableau Software in a research report on Sunday, July 30th. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. Tableau Software presently has an average rating of “Hold” and an average price target of $69.97.
Shares of Tableau Software (NYSE DATA) traded down $6.16 during midday trading on Friday, hitting $74.60. 6,713,811 shares of the company traded hands, compared to its average volume of 644,154.
Tableau Software (NYSE:DATA) last issued its quarterly earnings data on Thursday, November 2nd. The software company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.07. The company had revenue of $214.90 million during 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%. Tableau Software’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.16 earnings per share. research analysts expect that Tableau Software will post -1.59 earnings per share for the current fiscal year.
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In related news, Chairman Christian Chabot sold 193,500 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $70.72, for a total value of $13,684,320.00. Following the completion of the transaction, the chairman now directly owns 197,203 shares of the company’s stock, valued at $13,946,196.16. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Keenan Michael Conder sold 6,800 shares of Tableau Software stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $68.22, for a total value of $463,896.00. Following the transaction, the executive vice president now directly owns 86,164 shares of the company’s stock, valued at $5,878,108.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,160,559 shares of company stock worth $81,744,364. Corporate insiders own 28.98% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. ETF Managers Group LLC acquired a new stake in Tableau Software in the second quarter worth about $119,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Tableau Software by 12.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,105 shares of the software company’s stock worth $129,000 after buying an additional 231 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of Tableau Software by 164.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,266 shares of the software company’s stock valued at $139,000 after purchasing an additional 1,409 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Tableau Software by 7.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,287 shares of the software company’s stock valued at $140,000 after purchasing an additional 167 shares during the period. Finally, Karp Capital Management Corp acquired a new position in shares of Tableau Software in the 1st quarter valued at approximately $200,000. 77.84% of the stock is owned by institutional investors and hedge funds.
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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