Tableau Software Inc (DATA) Receives Consensus Rating of “Hold” from Analysts

Shares of Tableau Software Inc (NYSE:DATA) have earned a consensus rating of “Hold” from the thirty-six ratings firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, seventeen have issued a hold recommendation, fifteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $71.78.

Several equities analysts have recently issued reports on DATA shares. Bank of America boosted their target price on Tableau Software from $84.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, October 18th. KeyCorp reiterated a “buy” rating and set a $85.00 price objective on shares of Tableau Software in a report on Friday, October 6th. Barclays reiterated a “buy” rating and set a $80.00 price objective on shares of Tableau Software in a report on Wednesday, October 11th. Zacks Investment Research cut Tableau Software from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $75.00 price objective on shares of Tableau Software in a report on Wednesday, November 15th.

Tableau Software (NYSE DATA) traded up $0.98 during trading on Friday, hitting $74.68. The stock had a trading volume of 235,090 shares, compared to its average volume of 690,275. The firm has a market cap of $5,890.00, a price-to-earnings ratio of -35.39 and a beta of 0.82. Tableau Software has a 52 week low of $43.83 and a 52 week high of $82.32.

Tableau Software (NYSE:DATA) last posted its earnings results on Thursday, November 2nd. The software company reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.07. The company had revenue of $214.90 million during the quarter, compared to analyst estimates of $219.43 million. Tableau Software had a negative return on equity of 20.89% and a negative net margin of 18.76%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.16 EPS. sell-side analysts anticipate that Tableau Software will post -1.63 earnings per share for the current fiscal year.

In other news, CEO Adam Selipsky sold 1,600 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $68.45, for a total transaction of $109,520.00. Following the sale, the chief executive officer now owns 229,828 shares in the company, valued at approximately $15,731,726.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Thomas E. Walker, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $71.39, for a total value of $356,950.00. Following the sale, the chief financial officer now owns 137,478 shares in the company, valued at approximately $9,814,554.42. The disclosure for this sale can be found here. In the last quarter, insiders have sold 692,286 shares of company stock worth $48,819,636. Company insiders own 24.76% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Tableau Software by 10.6% during the 2nd quarter. Vanguard Group Inc. now owns 4,692,183 shares of the software company’s stock worth $287,489,000 after purchasing an additional 450,910 shares in the last quarter. Artisan Partners Limited Partnership increased its holdings in shares of Tableau Software by 168.2% during the 3rd quarter. Artisan Partners Limited Partnership now owns 3,744,414 shares of the software company’s stock worth $280,419,000 after acquiring an additional 2,348,049 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Tableau Software by 9.0% during the 2nd quarter. BlackRock Inc. now owns 2,672,716 shares of the software company’s stock worth $163,756,000 after acquiring an additional 220,387 shares during the last quarter. FMR LLC increased its holdings in shares of Tableau Software by 44.8% during the 2nd quarter. FMR LLC now owns 2,387,444 shares of the software company’s stock worth $146,279,000 after acquiring an additional 738,623 shares during the last quarter. Finally, Kensico Capital Management Corp increased its holdings in shares of Tableau Software by 38.8% during the 3rd quarter. Kensico Capital Management Corp now owns 1,443,828 shares of the software company’s stock worth $108,128,000 after acquiring an additional 403,828 shares during the last quarter. Institutional investors own 81.07% 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.

Analyst Recommendations for Tableau Software (NYSE:DATA)

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