Tableau Software Inc (NYSE:DATA) has been given a consensus rating of “Hold” by the thirty-seven brokerages that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, nineteen have assigned a hold recommendation, fourteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $79.63.
A number of research firms recently commented on DATA. Zacks Investment Research cut Tableau Software from a “hold” rating to a “sell” rating in a research report on Friday. Bank of America lifted their price objective on Tableau Software from $90.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday. JMP Securities lifted their price objective on Tableau Software from $77.00 to $94.00 and gave the stock a “market outperform” rating in a research report on Friday. Stifel Nicolaus reiterated a “buy” rating and set a $95.00 price objective on shares of Tableau Software in a research report on Friday. Finally, Wells Fargo & Co lifted their price objective on Tableau Software to $90.00 and gave the stock a “market perform” rating in a research report on Friday.
Tableau Software (DATA) traded down $2.71 during trading on Tuesday, reaching $77.41. The company had a trading volume of 1,417,908 shares, compared to its average volume of 1,024,398. The stock has a market cap of $6,390.00, a PE ratio of -32.73 and a beta of 0.88. Tableau Software has a 1 year low of $47.30 and a 1 year high of $87.00.
Tableau Software (NYSE:DATA) last posted its quarterly earnings data on Thursday, February 1st. The software company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. The firm had revenue of $249.40 million during the quarter, compared to analysts’ expectations of $240.63 million. Tableau Software had a negative return on equity of 23.76% and a negative net margin of 21.16%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the business posted $0.26 EPS. equities analysts expect that Tableau Software will post -1.61 EPS for the current fiscal year.
In other news, CEO Adam Selipsky sold 1,600 shares of Tableau Software stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $68.45, for a total value of $109,520.00. Following the transaction, the chief executive officer now directly owns 229,828 shares of the company’s stock, valued at approximately $15,731,726.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christian Chabot sold 450,000 shares of Tableau Software stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $70.49, for a total value of $31,720,500.00. Following the completion of the transaction, the insider now directly owns 231,820 shares in the company, valued at $16,340,991.80. The disclosure for this sale can be found here. Insiders sold a total of 692,286 shares of company stock worth $48,819,636 over the last ninety days. Corporate insiders own 24.76% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its position in Tableau Software by 5.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 233,562 shares of the software company’s stock worth $17,492,000 after acquiring an additional 11,957 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in Tableau Software by 10.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 254,957 shares of the software company’s stock worth $19,094,000 after acquiring an additional 24,776 shares in the last quarter. Northern Trust Corp lifted its position in Tableau Software by 5.8% during the 2nd quarter. Northern Trust Corp now owns 283,245 shares of the software company’s stock worth $17,355,000 after acquiring an additional 15,561 shares in the last quarter. New York State Common Retirement Fund lifted its position in Tableau Software by 10.0% during the 2nd quarter. New York State Common Retirement Fund now owns 132,440 shares of the software company’s stock worth $8,115,000 after acquiring an additional 11,999 shares in the last quarter. Finally, Hollencrest Capital Management lifted its position in Tableau Software by 11.4% during the 4th quarter. Hollencrest Capital Management now owns 21,913 shares of the software company’s stock worth $1,516,000 after acquiring an additional 2,234 shares in the last quarter. 81.39% of the stock is currently 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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