Tableau Software (NYSE:DATA) Stock Rating Lowered by Citigroup

Tableau Software (NYSE:DATA) was downgraded by Citigroup from a “buy” rating to a “neutral” rating in a note issued to investors on Wednesday, The Fly reports.

A number of other research firms have also recently commented on DATA. Deutsche Bank cut shares of Tableau Software from a “buy” rating to a “hold” rating and set a $168.99 target price for the company. in a research report on Monday. BTIG Research cut shares of Tableau Software from a “buy” rating to a “neutral” rating in a research report on Monday. Needham & Company LLC cut shares of Tableau Software from a “buy” rating to a “hold” rating in a research report on Monday. First Analysis cut shares of Tableau Software from an “outperform” rating to a “neutral” rating in a research report on Wednesday. Finally, ValuEngine cut shares of Tableau Software from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $137.90.

Shares of DATA opened at $164.23 on Wednesday. Tableau Software has a fifty-two week low of $92.01 and a fifty-two week high of $173.37. The company has a market capitalization of $10.79 billion, a PE ratio of -51.48 and a beta of 1.19. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.62 and a quick ratio of 2.62.

Tableau Software (NYSE:DATA) last announced its quarterly earnings results on Thursday, May 2nd. The software company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.58) by $0.60. Tableau Software had a negative net margin of 27.58% and a negative return on equity of 25.93%. The firm had revenue of $282.50 million during the quarter, compared to analysts’ expectations of $287.24 million. During the same quarter in the prior year, the company earned $0.07 EPS. The company’s revenue was up 14.7% compared to the same quarter last year. As a group, equities analysts expect that Tableau Software will post -0.81 EPS for the current year.

In other Tableau Software news, insider Adam Selipsky sold 5,668 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $114.62, for a total value of $649,666.16. Following the completion of the transaction, the insider now owns 227,047 shares of the company’s stock, valued at $26,024,127.14. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Mark Thomas Nelson sold 6,091 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 76,011 shares of the company’s stock, valued at approximately $9,361,514.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,781 shares of company stock valued at $6,962,045. Corporate insiders own 12.58% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of DATA. FMR LLC raised its holdings in shares of Tableau Software by 43.9% in the fourth quarter. FMR LLC now owns 3,984,077 shares of the software company’s stock worth $478,089,000 after buying an additional 1,215,863 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Tableau Software by 30.1% in the first quarter. BlackRock Inc. now owns 4,997,006 shares of the software company’s stock worth $636,019,000 after buying an additional 1,155,835 shares during the last quarter. Coatue Management LLC raised its holdings in shares of Tableau Software by 63.2% in the fourth quarter. Coatue Management LLC now owns 2,412,405 shares of the software company’s stock worth $289,489,000 after buying an additional 934,635 shares during the last quarter. Norges Bank purchased a new position in shares of Tableau Software in the fourth quarter worth $88,709,000. Finally, Frontier Capital Management Co. LLC increased its stake in shares of Tableau Software by 18,501.8% in the first quarter. Frontier Capital Management Co. LLC now owns 536,291 shares of the software company’s stock worth $68,259,000 after acquiring an additional 533,408 shares during the period. 88.66% of the stock is owned by institutional investors and hedge funds.

About Tableau Software

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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