UBS Group Reiterates $108.00 Price Target for Tableau Software (DATA)

Tableau Software (NYSE:DATA) has been assigned a $108.00 price target by UBS Group in a research note issued to investors on Wednesday, www.tipranks.com reports. The firm currently has a “buy” rating on the software company’s stock. UBS Group’s target price would indicate a potential upside of 32.05% from the stock’s previous close.

A number of other research analysts have also commented on DATA. Mizuho restated a “neutral” rating and issued a $85.00 target price (up from $68.00) on shares of Tableau Software in a research note on Thursday, February 1st. Bank of America upped their target price on Tableau Software from $90.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Wells Fargo & Co upped their target price on Tableau Software to $90.00 and gave the company a “market perform” rating in a research note on Friday, February 2nd. Barclays upped their target price on Tableau Software from $82.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Finally, Needham & Company LLC started coverage on Tableau Software in a research note on Monday, October 23rd. They issued a “buy” rating and a $98.00 target price for the company. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $81.26.

Tableau Software (NYSE DATA) traded up $1.99 on Wednesday, hitting $81.79. The stock had a trading volume of 847,284 shares, compared to its average volume of 1,120,000. Tableau Software has a 12 month low of $47.30 and a 12 month high of $87.00. The company has a market capitalization of $6,520.00, a PE ratio of -34.66 and a beta of 0.88.

Tableau Software (NYSE:DATA) last posted its quarterly earnings data on Thursday, February 1st. The software company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.09. Tableau Software had a negative return on equity of 23.76% and a negative net margin of 21.16%. The company had revenue of $249.40 million during the quarter, compared to analysts’ expectations of $240.63 million. During the same period in the prior year, the business earned $0.26 earnings per share. Tableau Software’s revenue for the quarter was down .5% compared to the same quarter last year. analysts predict that Tableau Software will post -1.95 EPS for the current fiscal year.

In other news, EVP Keenan Michael Conder sold 5,393 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $70.95, for a total value of $382,633.35. Following the completion of the sale, the executive vice president now directly owns 79,971 shares in the company, valued at $5,673,942.45. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Christian Chabot sold 450,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $78.23, for a total value of $35,203,500.00. Following the completion of the sale, the chairman now owns 453,536 shares of the company’s stock, valued at $35,480,121.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,000,286 shares of company stock valued at $77,186,041. 24.76% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in DATA. Northern Trust Corp increased its stake in shares of Tableau Software by 5.8% in the second quarter. Northern Trust Corp now owns 283,245 shares of the software company’s stock valued at $17,355,000 after buying an additional 15,561 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Tableau Software by 18.0% in the second quarter. Dimensional Fund Advisors LP now owns 146,608 shares of the software company’s stock valued at $8,983,000 after acquiring an additional 22,372 shares during the last quarter. Voya Investment Management LLC boosted its holdings in Tableau Software by 4.5% in the second quarter. Voya Investment Management LLC now owns 23,038 shares of the software company’s stock valued at $1,412,000 after acquiring an additional 983 shares during the last quarter. Royal Bank of Canada boosted its holdings in Tableau Software by 66.0% in the second quarter. Royal Bank of Canada now owns 11,759 shares of the software company’s stock valued at $721,000 after acquiring an additional 4,676 shares during the last quarter. Finally, State Street Corp boosted its holdings in Tableau Software by 3.9% in the second quarter. State Street Corp now owns 746,811 shares of the software company’s stock valued at $45,758,000 after acquiring an additional 28,342 shares during the last quarter. Institutional investors own 81.60% of the company’s stock.

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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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