Zacks Investment Research Lowers Tableau Software (DATA) to Sell

Tableau Software (NYSE:DATA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Tableau Software, Inc. engages in providing analytics and data visualization software. The company offers Tableau Desktop, Tableau Server and Tableau Public. It also provides related maintenance and support, and professional and training services. The Company’s product helps a single user on a laptop analyze data from a simple spreadsheet, or to enable thousands of users across an enterprise to execute queries against databases. Tableau Software, Inc. is headquartered in Seattle, Washington. “

Several other analysts have also recently weighed in on the company. Bank of America lifted their price target on Tableau Software from $84.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. KeyCorp reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Tableau Software in a report on Friday, October 6th. Barclays reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Tableau Software in a report on Wednesday, October 11th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $75.00 price objective on shares of Tableau Software in a report on Wednesday, November 15th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $70.00 price objective on shares of Tableau Software in a report on Friday, October 13th. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $72.11.

Tableau Software (NYSE:DATA) traded down $0.85 during trading hours on Tuesday, reaching $73.57. The company had a trading volume of 722,241 shares, compared to its average volume of 582,243. The firm has a market cap of $5,870.00, a PE ratio of -34.87 and a beta of 0.82. Tableau Software has a 1-year low of $44.13 and a 1-year high of $82.32.

Tableau Software (NYSE:DATA) last released its quarterly earnings results on Thursday, November 2nd. The software company reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.07. The business had revenue of $214.90 million during the quarter, compared to analysts’ expectations of $219.43 million. Tableau Software had a negative return on equity of 20.89% and a negative net margin of 18.76%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the firm posted $0.16 EPS. equities analysts forecast that Tableau Software will post -1.64 EPS for the current year.

In related news, CEO Adam Selipsky sold 7,272 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $70.67, for a total transaction of $513,912.24. Following the sale, the chief executive officer now owns 237,592 shares in the company, valued at approximately $16,790,626.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christian Chabot sold 450,000 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $70.49, for a total value of $31,720,500.00. Following the sale, the insider now owns 231,820 shares in the company, valued at approximately $16,340,991.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 692,286 shares of company stock worth $48,819,636. Corporate insiders own 24.76% of the company’s stock.

A number of hedge funds have recently modified their holdings of DATA. Schwab Charles Investment Management Inc. grew its position in Tableau Software by 8.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 230,181 shares of the software company’s stock worth $14,104,000 after acquiring an additional 17,742 shares during the last quarter. Legal & General Group Plc grew its position in shares of Tableau Software by 4.4% in the 2nd quarter. Legal & General Group Plc now owns 20,231 shares of the software company’s stock valued at $1,239,000 after buying an additional 846 shares during the last quarter. 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 buying an additional 1,409 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Tableau Software by 23.8% in the 2nd quarter. Alliancebernstein L.P. now owns 65,761 shares of the software company’s stock valued at $4,029,000 after buying an additional 12,630 shares during the last quarter. Finally, Teachers Advisors LLC grew its position in shares of Tableau Software by 9.2% in the 2nd quarter. Teachers Advisors LLC now owns 62,949 shares of the software company’s stock valued at $3,857,000 after buying an additional 5,329 shares during the last quarter. Institutional investors and hedge funds own 81.07% of the company’s stock.

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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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