Equities research analysts at Monness Crespi & Hardt assumed coverage on shares of Tableau Software (NYSE:DATA) in a research report issued on Wednesday, MarketBeat Ratings reports. The brokerage set a “neutral” rating on the software company’s stock.
A number of other analysts also recently weighed in on DATA. ValuEngine raised shares of Tableau Software from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Zacks Investment Research raised shares of Tableau Software from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 4th. JMP Securities increased their target price on shares of Tableau Software from $77.00 to $94.00 and gave the company a “market outperform” rating in a research report on Friday, February 2nd. Mizuho increased their target price on shares of Tableau Software from $68.00 to $85.00 and gave the company a “neutral” rating in a research report on Friday, February 2nd. Finally, Stifel Nicolaus reissued a “buy” rating and set a $95.00 target price on shares of Tableau Software in a research report on Friday, February 2nd. Eighteen investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $82.92.
NYSE:DATA opened at $81.16 on Wednesday. Tableau Software has a fifty-two week low of $50.47 and a fifty-two week high of $87.60.
Tableau Software (NYSE:DATA) last released its earnings results on Thursday, February 1st. The software company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.09. The business had revenue of $249.40 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.26 EPS. equities research analysts expect that Tableau Software will post -1.95 earnings per share for the current fiscal year.
In related news, insider Pat Hanrahan sold 400,000 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $78.50, for a total value of $31,400,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Elissa Fink sold 2,500 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $76.59, for a total value of $191,475.00. Following the completion of the transaction, the insider now owns 69,844 shares in the company, valued at $5,349,351.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 933,719 shares of company stock worth $73,445,439. 28.98% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC lifted its holdings in shares of Tableau Software by 871.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,486 shares of the software company’s stock worth $102,000 after purchasing an additional 1,333 shares in the last quarter. American International Group Inc. bought a new position in Tableau Software during the 4th quarter valued at $105,000. The Manufacturers Life Insurance Company lifted its stake in 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Tableau Software by 50.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,160 shares of the software company’s stock valued at $219,000 after acquiring an additional 1,055 shares in the last quarter. Finally, Telemus Capital LLC bought a new position in Tableau Software during the 4th quarter valued at $229,000. Institutional investors own 83.12% of the company’s stock.
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About Tableau Software
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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