Tableau Software, Inc. (NYSE:DATA) had its target price lifted by Bank of America Corporation from $84.00 to $90.00 in a research note issued to investors on Wednesday, October 18th. The firm currently has a buy rating on the software company’s stock.
DATA has been the subject of several other reports. Zacks Investment Research downgraded Tableau Software from a buy rating to a hold rating in a research report on Thursday, September 7th. Deutsche Bank AG lifted their target price on Tableau Software from $65.00 to $70.00 and gave the stock a hold rating in a research report on Thursday, August 3rd. ValuEngine downgraded Tableau Software from a hold rating to a sell rating in a research report on Thursday, July 20th. Barclays PLC restated an overweight rating and issued a $76.00 price objective (up from $72.00) on shares of Tableau Software in a report on Thursday, August 3rd. Finally, BidaskClub upgraded Tableau Software from a buy rating to a strong-buy rating in a report on Saturday, August 26th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of Hold and an average price target of $68.55.
Shares of Tableau Software (NYSE DATA) traded up 0.33% on Wednesday, hitting $79.64. 398,248 shares of the company’s stock were exchanged. The firm’s market cap is $6.30 billion. The stock’s 50 day moving average is $76.14 and its 200 day moving average is $66.29. Tableau Software has a 12 month low of $41.41 and a 12 month high of $80.75.
Tableau Software (NYSE:DATA) last posted its quarterly earnings data on Wednesday, August 2nd. The software company reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.15. The company had revenue of $212.90 million during the quarter, compared to analyst estimates of $210.72 million. Tableau Software had a negative net margin of 17.08% and a negative return on equity of 18.71%. Tableau Software’s revenue was up 7.3% compared to the same quarter last year. On average, equities analysts predict that Tableau Software will post $0.23 earnings per share for the current year.
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In related news, insider Chris Stolte sold 225,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 153,702 shares in the company, valued at approximately $10,849,824.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam Selipsky sold 3,200 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $72.15, for a total value of $230,880.00. Following the transaction, the insider now owns 213,030 shares of the company’s stock, valued at $15,370,114.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,160,559 shares of company stock valued at $81,744,364. Company insiders own 28.98% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. First Trust Advisors LP boosted its holdings in Tableau Software by 204.2% during the 3rd quarter. First Trust Advisors LP now owns 221,407 shares of the software company’s stock valued at $16,581,000 after acquiring an additional 148,618 shares during the period. Boston Advisors LLC purchased a new position in Tableau Software during the 3rd quarter valued at about $201,000. Fox Run Management L.L.C. purchased a new position in Tableau Software during the 3rd quarter valued at about $801,000. Merriman Wealth Management LLC boosted its holdings in Tableau Software by 8.8% during the 3rd quarter. Merriman Wealth Management LLC now owns 37,222 shares of the software company’s stock valued at $2,788,000 after acquiring an additional 3,000 shares during the period. Finally, Lord Abbett & CO. LLC purchased a new position in Tableau Software during the 2nd quarter valued at about $11,938,000. Institutional investors own 77.41% of the company’s stock.
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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