Brokerages Set Tableau Software Inc (DATA) Target Price at $118.41

Shares of Tableau Software Inc (NYSE:DATA) have earned an average recommendation of “Buy” from the twenty-seven ratings firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation, fourteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $118.41.

A number of research analysts recently weighed in on the stock. Maxim Group lifted their price objective on shares of Tableau Software from $107.00 to $127.00 and gave the company a “hold” rating in a report on Wednesday, November 7th. JPMorgan Chase & Co. lifted their price objective on shares of Tableau Software to $125.00 and gave the company an “overweight” rating in a report on Wednesday, November 7th. Royal Bank of Canada lifted their price objective on shares of Tableau Software to $120.00 and gave the company a “market perform” rating in a report on Wednesday, November 7th. Citigroup set a $148.00 price objective on shares of Tableau Software and gave the company a “buy” rating in a report on Wednesday, November 7th. Finally, Wedbush lifted their price objective on shares of Tableau Software from $128.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, November 7th.

In other Tableau Software news, insider Adam Selipsky sold 21,300 shares of the business’s stock in a transaction that occurred on Thursday, November 29th. The shares were sold at an average price of $121.23, for a total transaction of $2,582,199.00. Following the completion of the transaction, the insider now owns 248,909 shares in the company, valued at approximately $30,175,238.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Damon A. Fletcher sold 2,019 shares of the business’s stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $103.92, for a total transaction of $209,814.48. Following the transaction, the chief financial officer now owns 42,758 shares of the company’s stock, valued at approximately $4,443,411.36. The disclosure for this sale can be found here. Insiders have sold a total of 1,240,848 shares of company stock valued at $140,158,728 in the last quarter. 28.98% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Tableau Software by 5.1% in the 3rd quarter. Vanguard Group Inc. now owns 6,118,849 shares of the software company’s stock valued at $683,720,000 after buying an additional 299,635 shares in the last quarter. BlackRock Inc. raised its position in Tableau Software by 6.0% in the 3rd quarter. BlackRock Inc. now owns 3,786,780 shares of the software company’s stock valued at $423,134,000 after purchasing an additional 214,715 shares during the last quarter. FMR LLC raised its position in Tableau Software by 19.1% in the 3rd quarter. FMR LLC now owns 2,768,214 shares of the software company’s stock valued at $309,321,000 after purchasing an additional 444,718 shares during the last quarter. Baillie Gifford & Co. raised its position in Tableau Software by 3.8% in the 3rd quarter. Baillie Gifford & Co. now owns 1,782,221 shares of the software company’s stock valued at $199,145,000 after purchasing an additional 65,485 shares during the last quarter. Finally, American Century Companies Inc. raised its position in Tableau Software by 3.8% in the 3rd quarter. American Century Companies Inc. now owns 1,284,805 shares of the software company’s stock valued at $143,564,000 after purchasing an additional 47,209 shares during the last quarter. Institutional investors and hedge funds own 84.93% of the company’s stock.

Shares of DATA stock traded up $1.91 during trading on Monday, reaching $125.60. The company’s stock had a trading volume of 22,723 shares, compared to its average volume of 1,316,027. The stock has a market capitalization of $10.34 billion, a P/E ratio of -52.15 and a beta of 1.36. Tableau Software has a 1-year low of $68.45 and a 1-year high of $129.28.

Tableau Software (NYSE:DATA) last announced its quarterly earnings data on Tuesday, November 6th. The software company reported ($0.82) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.67) by ($0.15). The business had revenue of $239.60 million during the quarter, compared to analyst estimates of $242.19 million. Tableau Software had a negative net margin of 22.39% and a negative return on equity of 25.49%. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.08 EPS. Equities analysts forecast that Tableau Software will post -2.88 earnings per share for the current fiscal year.

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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Analyst Recommendations for Tableau Software (NYSE:DATA)

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