Tableau Software, Inc. (DATA) Expected to Post Quarterly Sales of $209.38 Million

Equities research analysts forecast that Tableau Software, Inc. (NYSE:DATA) will post sales of $209.38 million for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have made estimates for Tableau Software’s earnings. The highest sales estimate is $215.18 million and the lowest is $205.00 million. Tableau Software posted sales of $198.54 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.5%. The business is expected to announce its next quarterly earnings report after the market closes on Wednesday, August 2nd.

According to Zacks, analysts expect that Tableau Software will report full-year sales of $209.38 million for the current financial year, with estimates ranging from $851.50 million to $885.60 million. For the next year, analysts forecast that the company will post sales of $933.27 million per share, with estimates ranging from $849.20 million to $1.00 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Tableau Software.

Tableau Software (NYSE:DATA) last posted its quarterly earnings results on Wednesday, May 3rd. The software company reported ($0.67) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.51) by $0.16. Tableau Software had a negative return on equity of 19.26% and a negative net margin of 17.95%. The company had revenue of $199.90 million during the quarter, compared to the consensus estimate of $200.91 million. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year.

Several research firms have recently commented on DATA. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Tableau Software in a research note on Thursday, April 6th. JMP Securities restated an “outperform” rating and issued a $65.00 price objective on shares of Tableau Software in a research note on Friday, April 7th. Wedbush reduced their price objective on Tableau Software from $74.00 to $64.00 and set an “outperform” rating for the company in a research note on Friday, May 26th. BMO Capital Markets restated a “hold” rating and issued a $55.00 price objective on shares of Tableau Software in a research note on Friday, April 7th. Finally, UBS AG restated a “buy” rating and issued a $68.00 price objective (up from $60.00) on shares of Tableau Software in a research note on Thursday, May 25th. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $61.87.

In other news, Director William Bosworth sold 500 shares of the stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $61.96, for a total transaction of $30,980.00. Following the transaction, the director now directly owns 9,549 shares in the company, valued at $591,656.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Chris Stolte sold 150,000 shares of the stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $60.15, for a total transaction of $9,022,500.00. Following the transaction, the insider now owns 153,805 shares in the company, valued at $9,251,370.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 716,025 shares of company stock worth $43,731,668. Insiders own 28.98% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Aperio Group LLC increased its position in Tableau Software by 17.8% in the second quarter. Aperio Group LLC now owns 4,761 shares of the software company’s stock worth $292,000 after buying an additional 718 shares in the last quarter. Diversified Trust Co acquired a new position in Tableau Software during the second quarter worth about $224,000. Crow Point Partners LLC acquired a new position in Tableau Software during the second quarter worth about $533,000. Hollencrest Securities LLC increased its position in Tableau Software by 19.6% in the second quarter. Hollencrest Securities LLC now owns 17,027 shares of the software company’s stock worth $1,043,000 after buying an additional 2,793 shares in the last quarter. Finally, Bank of Montreal Can increased its position in Tableau Software by 17.4% in the second quarter. Bank of Montreal Can now owns 34,169 shares of the software company’s stock worth $2,094,000 after buying an additional 5,057 shares in the last quarter. Hedge funds and other institutional investors own 75.95% of the company’s stock.

Tableau Software (DATA) traded up 1.10% during trading on Friday, hitting $64.46. The stock had a trading volume of 513,480 shares. The company has a 50-day moving average price of $62.92 and a 200-day moving average price of $54.86. Tableau Software has a 52-week low of $41.41 and a 52-week high of $67.10. The company’s market cap is $5.03 billion.

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Tableau Software Company Profile

Tableau Software, Inc (Tableau) offers software products. The Company’s products are used by people of diverse skill levels across all kinds of organizations. The Company’s products are used by people of skill levels across all kinds of organizations. Its technologies include visual query language (VizQL) and Hybrid Data Architecture.

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