Tableau Software, Inc. (DATA) Given Buy Rating at KeyCorp
Tableau Software, Inc. (NYSE:DATA)‘s stock had its “buy” rating reaffirmed by research analysts at KeyCorp in a research note issued on Friday. They presently have a $85.00 target price on the software company’s stock. KeyCorp’s price objective suggests a potential upside of 13.94% from the stock’s current price.
A number of other brokerages also recently weighed in on DATA. Jefferies Group LLC reduced their target price on Tableau Software from $70.00 to $67.00 and set a “hold” rating on the stock in a report on Friday. BMO Capital Markets raised their target price on Tableau Software from $70.00 to $77.00 and gave the company a “market perform” rating in a report on Friday. They noted that the move was a valuation call. Morgan Stanley raised their target price on Tableau Software from $68.00 to $71.00 and gave the company an “equal weight” rating in a report on Thursday. Mizuho reaffirmed a “hold” rating and issued a $68.00 target price on shares of Tableau Software in a report on Thursday. Finally, Drexel Hamilton reaffirmed a “hold” rating on shares of Tableau Software in a report on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $69.97.
Shares of Tableau Software (DATA) traded down $7.57 during mid-day trading on Friday, hitting $74.60. The company’s stock had a trading volume of 6,710,000 shares, compared to its average volume of 644,154. Tableau Software has a 52-week low of $41.41 and a 52-week high of $82.32.
Tableau Software (NYSE:DATA) last issued its earnings results on Thursday, November 2nd. The software company reported $0.08 earnings per share 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 return on equity of 20.72% and a negative net margin of 18.76%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.16 EPS. equities research analysts expect that Tableau Software will post -1.59 earnings per share for the current year.
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In related news, insider Adam Selipsky sold 3,200 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $72.28, for a total value 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 approximately $15,629,104.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Chris Stolte sold 225,000 shares of the business’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 $10,849,824.18. The disclosure for this sale can be found here. Insiders sold a total of 1,160,559 shares of company stock valued at $81,744,364 over the last ninety days. 28.98% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Tableau Software by 10.6% in the 2nd quarter. Vanguard Group Inc. now owns 4,692,183 shares of the software company’s stock valued at $287,489,000 after buying an additional 450,910 shares in the last quarter. BlackRock Inc. increased its position in Tableau Software by 9.0% in the 2nd quarter. BlackRock Inc. now owns 2,672,716 shares of the software company’s stock valued at $163,756,000 after buying an additional 220,387 shares in the last quarter. FMR LLC boosted its stake in Tableau Software by 44.8% during the 2nd quarter. FMR LLC now owns 2,387,444 shares of the software company’s stock valued at $146,279,000 after purchasing an additional 738,623 shares during the last quarter. Baillie Gifford & Co. boosted its stake in Tableau Software by 0.9% during the 3rd quarter. Baillie Gifford & Co. now owns 1,405,232 shares of the software company’s stock valued at $105,238,000 after purchasing an additional 12,193 shares during the last quarter. Finally, Artisan Partners Limited Partnership acquired a new position in Tableau Software during the 2nd quarter valued at about $85,555,000. 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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