Tableau Software (NYSE:DATA) has been given a $148.00 price target by analysts at Citigroup in a research report issued on Wednesday. The brokerage currently has a “buy” rating on the software company’s stock. Citigroup’s target price indicates a potential upside of 40.91% from the stock’s previous close.
A number of other research analysts have also weighed in on the stock. Deutsche Bank raised shares of Tableau Software from a “hold” rating to a “buy” rating and raised their price target for the company from $105.00 to $120.00 in a research note on Wednesday, August 1st. Goldman Sachs Group reaffirmed a “buy” rating and issued a $130.00 price target (up from $110.00) on shares of Tableau Software in a research note on Monday, July 23rd. Royal Bank of Canada raised their price target on shares of Tableau Software to $105.00 and gave the company a “market perform” rating in a research note on Wednesday, August 1st. Morgan Stanley set a $117.00 price target on shares of Tableau Software and gave the company a “hold” rating in a research note on Wednesday, October 24th. Finally, UBS Group reaffirmed a “buy” rating and issued a $130.00 price target (up from $114.00) on shares of Tableau Software in a research note on Friday, August 3rd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $112.43.
DATA stock opened at $105.03 on Wednesday. Tableau Software has a 52-week low of $68.37 and a 52-week high of $118.08. The stock has a market cap of $8.86 billion, a PE ratio of -44.88 and a beta of 1.34.
In other news, insider Chris Stolte sold 285,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $102.98, for a total transaction of $29,349,300.00. Following the completion of the sale, the insider now owns 176,327 shares in the company, valued at approximately $18,158,154.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Adam Selipsky sold 3,400 shares of the firm’s stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $112.31, for a total transaction of $381,854.00. Following the sale, the insider now owns 263,428 shares of the company’s stock, valued at approximately $29,585,598.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 593,272 shares of company stock valued at $61,386,007. 19.22% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. CIBC Private Wealth Group LLC acquired a new stake in shares of Tableau Software during the 2nd quarter worth approximately $126,000. Penserra Capital Management LLC acquired a new stake in shares of Tableau Software during the 3rd quarter worth approximately $156,000. Harvest Fund Management Co. Ltd increased its holdings in shares of Tableau Software by 158.7% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,816 shares of the software company’s stock worth $203,000 after buying an additional 1,114 shares during the last quarter. Pennsylvania Trust Co acquired a new stake in shares of Tableau Software during the 3rd quarter worth approximately $210,000. Finally, Meridian Investment Counsel Inc. acquired a new stake in shares of Tableau Software during the 3rd quarter worth approximately $216,000. Institutional investors and hedge funds own 82.67% of the company’s stock.
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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