Tableau Software (NYSE:DATA) Downgraded by Wedbush

Wedbush lowered shares of Tableau Software (NYSE:DATA) from an outperform rating to a neutral rating in a research report released on Thursday morning, Benzinga reports. They currently have $171.89 target price on the software company’s stock.

A number of other research firms also recently issued reports on DATA. KeyCorp lifted their price objective on shares of Tableau Software from $158.00 to $165.00 and gave the stock an overweight rating in a report on Friday, June 7th. UBS Group lifted their price objective on shares of Tableau Software to $134.00 and gave the stock a neutral rating in a report on Thursday, May 2nd. Goldman Sachs Group started coverage on shares of Tableau Software in a report on Friday, June 7th. They set a buy rating and a $146.00 price objective on the stock. Needham & Company LLC reaffirmed a buy rating and set a $156.00 price objective on shares of Tableau Software in a report on Friday, May 3rd. Finally, BTIG Research downgraded shares of Tableau Software from a buy rating to a neutral rating in a report on Monday, June 10th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $144.65.

DATA opened at $170.86 on Thursday. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.25. The firm has a market cap of $14.72 billion, a price-to-earnings ratio of -53.56 and a beta of 1.19. Tableau Software has a 1 year low of $92.01 and a 1 year high of $173.37.

Tableau Software (NYSE:DATA) last posted its quarterly earnings data on Thursday, May 2nd. The software company reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.58) by $0.60. The firm had revenue of $282.50 million for the quarter, compared to the consensus estimate of $287.24 million. Tableau Software had a negative net margin of 27.58% and a negative return on equity of 25.93%. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.07 EPS. On average, analysts expect that Tableau Software will post -0.76 EPS for the current fiscal year.

In other news, CFO Damon A. Fletcher sold 1,204 shares of Tableau Software stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $123.50, for a total transaction of $148,694.00. Following the sale, the chief financial officer now directly owns 48,955 shares in the company, valued at approximately $6,045,942.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Adam Selipsky sold 5,668 shares of Tableau Software stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $114.62, for a total value of $649,666.16. Following the sale, the insider now owns 227,047 shares in the company, valued at $26,024,127.14. The disclosure for this sale can be found here. Insiders have sold a total of 57,781 shares of company stock worth $6,962,045 over the last quarter. Company insiders own 12.58% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Carroll Financial Associates Inc. raised its stake in Tableau Software by 69.4% in the 1st quarter. Carroll Financial Associates Inc. now owns 271 shares of the software company’s stock valued at $34,000 after acquiring an additional 111 shares during the period. Advisors Asset Management Inc. bought a new stake in Tableau Software in the 4th quarter valued at about $39,000. Neuburgh Advisers LLC bought a new stake in Tableau Software in the 4th quarter valued at about $46,000. Pittenger & Anderson Inc. raised its stake in Tableau Software by 100.0% in the 1st quarter. Pittenger & Anderson Inc. now owns 500 shares of the software company’s stock valued at $64,000 after acquiring an additional 250 shares during the period. Finally, Rehmann Capital Advisory Group raised its stake in Tableau Software by 58.2% in the 4th quarter. Rehmann Capital Advisory Group now owns 571 shares of the software company’s stock valued at $69,000 after acquiring an additional 210 shares during the period. Institutional investors own 88.59% of the company’s stock.

About Tableau Software

Tableau Software, Inc, together with its subsidiaries, provides business analytics software products. It offers Tableau Desktop, a self-service, powerful analytics product with data; Tableau Server, a business intelligence platform for organizations; Tableau Online, a hosted software-as-a-service version of Tableau Server; Tableau Prep, a data preparation product for combining, shaping, and cleaning data; and Tableau Public, a cloud-based platform for analyzing and sharing public data.

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Analyst Recommendations for Tableau Software (NYSE:DATA)

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