Tableau Software’s (DATA) Sell Rating Reiterated at Maxim Group
Tableau Software, Inc. (NYSE:DATA)‘s stock had its “sell” rating reaffirmed by equities research analysts at Maxim Group in a research report issued to clients and investors on Friday. They presently have a $40.00 target price on the software company’s stock. Maxim Group’s target price would indicate a potential downside of 46.38% from the company’s current price.
Other equities research analysts also recently issued reports about the company. Morgan Stanley raised their price target on Tableau Software from $68.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Thursday. Mizuho reaffirmed a “hold” rating and set a $68.00 price target on shares of Tableau Software in a research note on Thursday. Jefferies Group LLC cut their price target on Tableau Software from $70.00 to $67.00 and set a “hold” rating for the company in a research note on Friday. BMO Capital Markets raised their price target on Tableau Software from $70.00 to $77.00 and gave the stock a “market perform” rating in a research note on Friday. They noted that the move was a valuation call. Finally, KeyCorp reaffirmed a “buy” rating and set a $85.00 price target on shares of Tableau Software in a research note on Friday. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $69.97.
Tableau Software (NYSE DATA) traded down $7.57 on Friday, hitting $74.60. The 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 posted its quarterly earnings results on Thursday, November 2nd. The software company reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.07. Tableau Software had a negative return on equity of 20.72% and a negative net margin of 18.76%. The company had revenue of $214.90 million during the quarter, compared to the consensus estimate of $219.43 million. During the same period last year, the business earned $0.16 EPS. The business’s quarterly revenue was up 4.3% on a year-over-year basis. equities research analysts anticipate that Tableau Software will post -1.59 earnings per share for the current fiscal year.
In related news, EVP Keenan Michael Conder sold 6,800 shares of the business’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $68.22, for a total value of $463,896.00. Following the sale, the executive vice president now owns 86,164 shares of the company’s stock, valued at approximately $5,878,108.08. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director A Brooke Seawell sold 1,005 shares of the business’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $72.23, for a total value of $72,591.15. Following the completion of the sale, the director now directly owns 3,015 shares in the company, valued at approximately $217,773.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,160,559 shares of company stock worth $81,744,364. 28.98% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake 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. raised 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 purchasing an additional 220,387 shares during the last quarter. FMR LLC raised its position in Tableau Software by 44.8% in 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. raised its position in Tableau Software by 0.9% in 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 bought a new position in Tableau Software in the 2nd quarter valued at $85,555,000. 77.84% of the stock is currently 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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