Tableau Software, Inc. (DATA) Price Target Lowered to $67.00 at Jefferies Group LLC
Tableau Software, Inc. (NYSE:DATA) had its price target decreased by stock analysts at Jefferies Group LLC from $70.00 to $67.00 in a research note issued to investors on Friday. The brokerage presently has a “hold” rating on the software company’s stock. Jefferies Group LLC’s target price points to a potential downside of 10.19% from the stock’s current price.
A number of other equities analysts have also issued reports on DATA. Bank of America Corporation reissued a “buy” rating and issued a $76.00 price objective on shares of Tableau Software in a report on Monday, July 17th. ValuEngine lowered Tableau Software from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. Maxim Group reissued a “sell” rating and issued a $30.00 price objective on shares of Tableau Software in a report on Tuesday, July 25th. BidaskClub lowered Tableau Software from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Zacks Investment Research raised Tableau Software from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the stock. Tableau Software presently has an average rating of “Hold” and a consensus target price of $69.97.
Shares of Tableau Software (DATA) traded down $7.57 during mid-day trading on Friday, reaching $74.60. The company had a trading volume of 6,713,811 shares, compared to its average volume of 644,154. Tableau Software has a 1-year low of $41.41 and a 1-year high of $82.32.
Tableau Software (NYSE:DATA) last issued its quarterly earnings data on Thursday, November 2nd. The software company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $214.90 million during the quarter, compared to analyst estimates of $219.43 million. During the same period in the prior year, the company posted $0.16 EPS. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. analysts anticipate that Tableau Software will post -1.59 earnings per share for the current fiscal year.
In other Tableau Software news, Director A Brooke Seawell sold 1,005 shares of Tableau Software stock in a transaction on Friday, August 25th. The shares were sold at an average price of $72.23, for a total transaction of $72,591.15. Following the completion of the sale, the director now owns 3,015 shares of the company’s stock, valued at approximately $217,773.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Chris Stolte sold 225,000 shares of Tableau Software stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $70.59, for a total transaction of $15,882,750.00. Following the sale, the insider now directly owns 153,702 shares of the company’s stock, valued at approximately $10,849,824.18. 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. 28.98% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Hollencrest Securities LLC boosted its position in shares of Tableau Software by 19.6% during the second quarter. Hollencrest Securities LLC now owns 17,027 shares of the software company’s stock worth $1,043,000 after purchasing an additional 2,793 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Tableau Software by 39.2% during the second quarter. American Century Companies Inc. now owns 1,091,341 shares of the software company’s stock worth $66,866,000 after purchasing an additional 307,122 shares in the last quarter. Wellington Management Group LLP bought a new position in shares of Tableau Software during the first quarter worth $320,000. FMR LLC boosted its position 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 purchasing an additional 738,623 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Tableau Software by 5.8% during the second quarter. Northern Trust Corp now owns 283,245 shares of the software company’s stock worth $17,355,000 after purchasing an additional 15,561 shares in the last quarter. 77.84% of the stock is currently owned by institutional investors.
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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