UBS Group set a $108.00 target price on Tableau Software (NYSE:DATA) in a report published on Wednesday morning, www.tipranks.com reports. The brokerage currently has a buy rating on the software company’s stock.
DATA has been the topic of several other research reports. Maxim Group reaffirmed a sell rating and set a $40.00 price target on shares of Tableau Software in a research report on Friday, November 3rd. Zacks Investment Research lowered Tableau Software from a hold rating to a sell rating in a research report on Tuesday, January 23rd. 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 report on Wednesday, October 18th. Morgan Stanley boosted their target price on Tableau Software from $76.00 to $83.00 and gave the stock an equal weight rating in a report on Friday, February 2nd. Finally, Raymond James Financial started coverage on Tableau Software in a report on Wednesday, January 17th. They set a market perform rating on the stock. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Hold and a consensus target price of $81.26.
Tableau Software (DATA) opened at $82.15 on Wednesday. The firm has a market capitalization of $6,550.00, a P/E ratio of -34.81 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 results on Thursday, February 1st. The software company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.09. The firm had revenue of $249.40 million for the quarter, compared to analyst estimates of $240.63 million. Tableau Software had a negative return on equity of 23.76% and a negative net margin of 21.16%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.26 EPS. equities research analysts predict that Tableau Software will post -1.95 earnings per share for the current year.
In other news, CEO Adam Selipsky sold 1,600 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 229,828 shares in the company, valued at approximately $15,731,726.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Keenan Michael Conder sold 17,000 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $80.41, for a total value of $1,366,970.00. Following the sale, the executive vice president now owns 114,706 shares of the company’s stock, valued at $9,223,509.46. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,007,000 shares of company stock worth $77,938,030. Insiders own 28.98% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC lifted its position in shares of Tableau Software by 871.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,486 shares of the software company’s stock valued at $102,000 after acquiring an additional 1,333 shares during the period. American International Group Inc. bought a new stake in shares of Tableau Software during the 4th quarter valued at $105,000. Invictus RG bought a new stake in shares of Tableau Software during the 3rd quarter valued at $123,000. The Manufacturers Life Insurance Company lifted its position in shares of Tableau Software by 7.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,287 shares of the software company’s stock valued at $140,000 after acquiring an additional 167 shares during the period. Finally, Boston Advisors LLC bought a new stake in shares of Tableau Software during the 3rd quarter valued at $201,000. Hedge funds and other institutional investors own 81.60% 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.
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