BidaskClub upgraded shares of Tableau Software, Inc. (NYSE:DATA) from a hold rating to a buy rating in a research note released on Tuesday, August 1st.
A number of other research analysts have also recently weighed in on the company. ValuEngine cut Tableau Software from a hold rating to a sell rating in a research report on Thursday, July 20th. Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of Tableau Software in a research report on Thursday, April 6th. JMP Securities reaffirmed an outperform rating and set a $65.00 price objective on shares of Tableau Software in a research report on Friday, April 7th. Wedbush lowered their price objective on Tableau Software from $74.00 to $64.00 and set an outperform rating on the stock in a research report on Friday, May 26th. Finally, BMO Capital Markets reaffirmed a hold rating and set a $55.00 price objective on shares of Tableau Software in a research report on Friday, April 7th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $64.52.
Tableau Software (NYSE:DATA) traded up 1.03% during midday trading on Tuesday, reaching $68.67. 712,433 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $64.97 and its 200-day moving average price is $57.31. The stock’s market cap is $5.43 billion. Tableau Software has a one year low of $41.41 and a one year high of $71.53.
Tableau Software (NYSE:DATA) last announced its earnings results on Wednesday, August 2nd. The software company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.15. The business had revenue of $212.90 million for the quarter, compared to analysts’ expectations of $210.72 million. Tableau Software had a negative return on equity of 18.71% and a negative net margin of 17.08%. Tableau Software’s revenue was up 7.3% compared to the same quarter last year. Equities analysts predict that Tableau Software will post $0.21 earnings per share for the current year.
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In other news, EVP Keenan Michael Conder sold 8,800 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $68.29, for a total transaction of $600,952.00. Following the transaction, the executive vice president now owns 86,164 shares of the company’s stock, valued at approximately $5,884,139.56. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Chris Stolte sold 225,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $70.59, for a total value of $15,882,750.00. Following the transaction, the insider now directly owns 153,702 shares in the company, valued at approximately $10,849,824.18. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,161,625 shares of company stock worth $79,348,706. Corporate insiders own 28.98% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Winfield Associates Inc. increased its position in Tableau Software by 0.7% in the first quarter. Winfield Associates Inc. now owns 2,280 shares of the software company’s stock valued at $113,000 after buying an additional 15 shares in the last quarter. Westpac Banking Corp bought a new position in Tableau Software during the first quarter valued at $126,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Tableau Software by 12.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,105 shares of the software company’s stock valued at $129,000 after buying an additional 231 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Tableau Software by 164.4% in the second quarter. BNP Paribas Arbitrage SA now owns 2,266 shares of the software company’s stock valued at $139,000 after buying an additional 1,409 shares in the last quarter. Finally, FNY Partners Fund LP boosted its position in Tableau Software by 14,900.0% in the first quarter. FNY Partners Fund LP now owns 3,000 shares of the software company’s stock worth $148,000 after buying an additional 2,980 shares during the last quarter. 76.38% of the stock is currently owned by hedge funds and other institutional investors.
About Tableau Software
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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