Tableau Software (NYSE:DATA) had its target price boosted by investment analysts at Bank of America from $90.00 to $108.00 in a report issued on Friday, February 2nd. The brokerage currently has a “buy” rating on the software company’s stock. Bank of America’s target price indicates a potential upside of 35.49% from the company’s previous close.
Several other analysts have also issued reports on DATA. Mizuho reiterated a “neutral” rating and set a $85.00 price objective (up from $68.00) on shares of Tableau Software in a report on Thursday, February 1st. UBS Group reiterated a “buy” rating and set a $101.00 price objective (up from $74.00) on shares of Tableau Software in a report on Thursday, November 9th. Barclays increased their price objective on Tableau Software from $82.00 to $98.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Wells Fargo & Co increased their target price on shares of Tableau Software to $90.00 and gave the stock a “market perform” rating in a research report on Friday, February 2nd. Finally, Needham & Company LLC initiated coverage on shares of Tableau Software in a research report on Monday, October 23rd. They set a “buy” rating and a $98.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Tableau Software presently has a consensus rating of “Hold” and an average target price of $81.00.
Shares of Tableau Software (NYSE:DATA) traded up $0.73 during midday trading on Friday, reaching $79.71. The company’s stock had a trading volume of 249,533 shares, compared to its average volume of 1,093,713. Tableau Software has a 52-week low of $47.30 and a 52-week high of $87.00. The company has a market cap of $6,300.00, a price-to-earnings ratio of -33.47 and a beta of 0.88.
Tableau Software (NYSE:DATA) last announced its quarterly earnings data on Thursday, February 1st. The software company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.09. Tableau Software had a negative return on equity of 23.76% and a negative net margin of 21.16%. The company had revenue of $249.40 million during the quarter, compared to the consensus estimate of $240.63 million. During the same quarter in the prior year, the firm earned $0.26 EPS. The company’s quarterly revenue was down .5% compared to the same quarter last year. equities research analysts forecast that Tableau Software will post -1.95 EPS for the current fiscal year.
In other Tableau Software news, CFO Thomas E. Walker, Jr. sold 8,426 shares of Tableau Software stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $70.92, for a total transaction of $597,571.92. Following the completion of the sale, the chief financial officer now owns 137,478 shares of the company’s stock, valued at approximately $9,749,939.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Pat Hanrahan sold 400,000 shares of Tableau Software stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $78.50, for a total transaction of $31,400,000.00. The disclosure for this sale can be found here. Insiders sold 997,786 shares of company stock valued at $76,994,566 in the last quarter. 24.76% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp grew its holdings in shares of Tableau Software by 5.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 233,562 shares of the software company’s stock valued at $17,492,000 after buying an additional 11,957 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in shares of Tableau Software by 10.8% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 254,957 shares of the software company’s stock valued at $19,094,000 after buying an additional 24,776 shares during the period. Northern Trust Corp grew its holdings in shares of Tableau Software by 5.8% in the 2nd quarter. Northern Trust Corp now owns 283,245 shares of the software company’s stock valued at $17,355,000 after buying an additional 15,561 shares during the period. Hollencrest Capital Management grew its holdings in shares of Tableau Software by 11.4% in the 4th quarter. Hollencrest Capital Management now owns 21,913 shares of the software company’s stock valued at $1,516,000 after buying an additional 2,234 shares during the period. Finally, FMR LLC grew its holdings in shares of Tableau Software by 44.8% in the 2nd quarter. FMR LLC now owns 2,387,444 shares of the software company’s stock valued at $146,279,000 after buying an additional 738,623 shares during the period. 81.60% of the stock is owned by hedge funds and other institutional investors.
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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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