Zacks Investment Research upgraded shares of Tableau Software (NYSE:DATA) from a strong sell rating to a hold rating in a research note published on Wednesday morning.
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 brokerages have also weighed in on DATA. Mizuho reaffirmed a neutral rating and set a $85.00 price objective (up previously from $68.00) on shares of Tableau Software in a research report on Thursday, February 1st. ValuEngine raised shares of Tableau Software from a hold rating to a buy rating in a research report on Monday, April 2nd. Wells Fargo raised their price objective on shares of Tableau Software to $90.00 and gave the company a market perform rating in a research report on Friday, February 2nd. BMO Capital Markets reaffirmed a hold rating and set a $92.00 price objective on shares of Tableau Software in a research report on Friday, February 2nd. Finally, Barclays raised their price objective on shares of Tableau Software from $82.00 to $98.00 and gave the company an overweight rating in a research report on Friday, February 2nd. Seventeen investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Tableau Software has a consensus rating of Buy and a consensus price target of $82.92.
Shares of DATA opened at $78.39 on Wednesday. The company has a market cap of $6,391.53, a P/E ratio of -33.50 and a beta of 0.79. Tableau Software has a twelve month low of $50.29 and a twelve month high of $87.60.
Tableau Software (NYSE:DATA) last issued its quarterly earnings data on Thursday, February 1st. The software company reported $0.12 earnings per share for the quarter, beating the 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 net margin of 21.16% and a negative return on equity of 23.84%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 earnings per share. equities analysts expect that Tableau Software will post -1.95 EPS for the current year.
In other Tableau Software news, Director A Brooke Seawell sold 2,010 shares of Tableau Software stock in a transaction on Monday, February 26th. The shares were sold at an average price of $83.29, for a total transaction of $167,412.90. Following the sale, the director now owns 1,781 shares in the company, valued at $148,339.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Damon A. Fletcher sold 1,067 shares of Tableau Software stock in a transaction on Friday, February 16th. The stock was sold at an average price of $83.11, for a total transaction of $88,678.37. Following the sale, the chief financial officer now owns 48,902 shares in the company, valued at approximately $4,064,245.22. The disclosure for this sale can be found here. In the last 90 days, insiders sold 933,719 shares of company stock worth $73,445,439. 28.98% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC boosted its stake in Tableau Software by 871.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,486 shares of the software company’s stock worth $102,000 after buying an additional 1,333 shares in the last quarter. American International Group Inc. acquired a new stake in Tableau Software during the fourth quarter worth $105,000. Invictus RG acquired a new stake in Tableau Software during the third quarter worth $123,000. The Manufacturers Life Insurance Company boosted its stake in Tableau Software by 7.9% during the second quarter. The Manufacturers Life Insurance Company now owns 2,287 shares of the software company’s stock worth $140,000 after buying an additional 167 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Tableau Software by 50.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,160 shares of the software company’s stock worth $219,000 after buying an additional 1,055 shares in the last quarter. Hedge funds and other institutional investors own 82.90% of the company’s stock.
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Tableau Software Company Profile
Tableau Software, Inc provides business analytics software products. It offers Tableau Desktop, an analytics product that empowers people to access and analyze data; and Tableau Server, a business intelligence platform with data management and scalability to foster sharing of analytics, as well as to enhance the dissemination of information in an organization and promote decision-making.
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