First Analysis Lowers Tableau Software (NYSE:DATA) to Neutral

Tableau Software (NYSE:DATA) was downgraded by equities researchers at First Analysis from an “outperform” rating to a “neutral” rating in a report issued on Wednesday, The Fly reports.

Other analysts have also recently issued reports about the company. Needham & Company LLC cut Tableau Software from a “buy” rating to a “hold” rating in a research report on Monday. BTIG Research cut Tableau Software from a “buy” rating to a “neutral” rating in a research report on Monday. KeyCorp raised their price objective on Tableau Software from $158.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday, June 7th. Wedbush reaffirmed an “outperform” rating and issued a $145.00 price objective on shares of Tableau Software in a research report on Friday, May 3rd. Finally, Bank of America reaffirmed a “buy” rating and issued a $160.00 price objective (up from $152.00) on shares of Tableau Software in a research report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Tableau Software has an average rating of “Hold” and an average price target of $137.90.

DATA stock opened at $164.23 on Wednesday. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $10.79 billion, a price-to-earnings ratio of -51.48 and a beta of 1.19. Tableau Software has a twelve month low of $92.01 and a twelve month high of $173.37.

Tableau Software (NYSE:DATA) last posted its quarterly earnings results on Thursday, May 2nd. The software company reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.58) by $0.60. Tableau Software had a negative return on equity of 25.93% and a negative net margin of 27.58%. The firm had revenue of $282.50 million during the quarter, compared to the consensus estimate of $287.24 million. During the same period last year, the company earned $0.07 earnings per share. The business’s revenue was up 14.7% compared to the same quarter last year. On average, research analysts predict that Tableau Software will post -0.81 earnings per share for the current fiscal year.

In related news, EVP Mark Thomas Nelson sold 6,091 shares of Tableau Software stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $123.16, for a total transaction of $750,167.56. Following the completion of the sale, the executive vice president now directly owns 76,011 shares of the company’s stock, valued at approximately $9,361,514.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 8,995 shares of Tableau Software stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $123.13, for a total value of $1,107,554.35. Following the sale, the chief executive officer now directly owns 239,813 shares of the company’s stock, valued at $29,528,174.69. The disclosure for this sale can be found here. Over the last three months, insiders have sold 57,781 shares of company stock valued at $6,962,045. 12.58% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in DATA. Carroll Financial Associates Inc. raised its holdings in Tableau Software by 69.4% in the 1st quarter. Carroll Financial Associates Inc. now owns 271 shares of the software company’s stock valued at $34,000 after acquiring an additional 111 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in Tableau Software in the 4th quarter valued at $39,000. Neuburgh Advisers LLC acquired a new position in Tableau Software in the 4th quarter valued at $46,000. Pittenger & Anderson Inc. raised its holdings in Tableau Software by 100.0% in the 1st quarter. Pittenger & Anderson Inc. now owns 500 shares of the software company’s stock valued at $64,000 after acquiring an additional 250 shares in the last quarter. Finally, AdvisorNet Financial Inc acquired a new position in Tableau Software in the 1st quarter valued at $64,000. 88.66% of the stock is owned by institutional investors and hedge funds.

Tableau Software Company Profile

Tableau Software, Inc, together with its subsidiaries, provides business analytics software products. It offers Tableau Desktop, a self-service, powerful analytics product with data; Tableau Server, a business intelligence platform for organizations; Tableau Online, a hosted software-as-a-service version of Tableau Server; Tableau Prep, a data preparation product for combining, shaping, and cleaning data; and Tableau Public, a cloud-based platform for analyzing and sharing public data.

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Analyst Recommendations for Tableau Software (NYSE:DATA)

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