Tableau Software, Inc. (NYSE:DATA) Cut to Hold at Zacks Investment Research

Tableau Software, Inc. (NYSE:DATA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday, November 7th.

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 equities research analysts have also recently weighed in on the company. Bank of America Corporation upped their target price on Tableau Software from $84.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. BidaskClub upgraded Tableau Software from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. KeyCorp reiterated a “buy” rating and issued a $85.00 target price on shares of Tableau Software in a report on Friday, October 6th. Barclays PLC reiterated a “buy” rating and issued a $80.00 target price on shares of Tableau Software in a report on Wednesday, October 11th. Finally, Maxim Group reiterated a “sell” rating and issued a $30.00 target price on shares of Tableau Software in a report on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $72.11.

Tableau Software (NYSE:DATA) traded up $0.64 on Tuesday, reaching $70.07. The company had a trading volume of 204,257 shares, compared to its average volume of 1,032,294. Tableau Software has a one year low of $41.41 and a one year high of $82.32.

Tableau Software (NYSE:DATA) last posted its quarterly earnings data on Thursday, November 2nd. The software company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.07. Tableau Software had a negative return on equity of 20.89% and a negative net margin of 18.76%. The company had revenue of $214.90 million during the quarter, compared to analysts’ expectations of $219.43 million. During the same quarter in the previous year, the business earned $0.16 EPS. Tableau Software’s revenue was up 4.3% compared to the same quarter last year. equities analysts expect that Tableau Software will post -1.63 earnings per share for the current year.

In other Tableau Software news, insider Adam Selipsky sold 3,200 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $69.94, for a total transaction of $223,808.00. Following the completion of the transaction, the insider now owns 235,992 shares of the company’s stock, valued at $16,505,280.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William Bosworth sold 450 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $71.52, for a total value of $32,184.00. Following the transaction, the director now directly owns 9,099 shares of the company’s stock, valued at approximately $650,760.48. The disclosure for this sale can be found here. Insiders have sold 673,936 shares of company stock worth $47,662,651 in the last quarter. 28.98% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in DATA. ETF Managers Group LLC acquired a new position in shares of Tableau Software during the second quarter valued at approximately $119,000. Invictus RG acquired a new position in shares of Tableau Software during the third quarter valued at approximately $123,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Tableau Software by 12.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,105 shares of the software company’s stock valued at $129,000 after acquiring an additional 231 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Tableau Software by 164.4% during the second quarter. BNP Paribas Arbitrage SA now owns 2,266 shares of the software company’s stock valued at $139,000 after acquiring an additional 1,409 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Tableau Software by 7.9% in the second quarter. The Manufacturers Life Insurance Company now owns 2,287 shares of the software company’s stock valued at $140,000 after purchasing an additional 167 shares during the last quarter. 82.67% of the stock is owned by institutional investors and hedge funds.

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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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