BMO Capital Markets Increases Tableau Software, Inc. (DATA) Price Target to $77.00

Tableau Software, Inc. (NYSE:DATA) had its target price boosted by investment analysts at BMO Capital Markets from $70.00 to $77.00 in a research report issued on Friday, November 3rd. The firm presently has a “market perform” rating on the software company’s stock. BMO Capital Markets’ price target points to a potential upside of 9.84% from the company’s previous close. The analysts noted that the move was a valuation call.

A number of other equities analysts also recently weighed in on DATA. Zacks Investment Research downgraded Tableau Software from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. Drexel Hamilton reissued a “hold” rating on shares of Tableau Software in a research report on Monday, October 30th. Deutsche Bank AG boosted their price objective on Tableau Software from $65.00 to $70.00 and gave the stock a “hold” rating in a report on Thursday, August 3rd. ValuEngine cut Tableau Software from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. Finally, Barclays PLC restated an “overweight” rating and set a $76.00 price objective (up previously from $72.00) on shares of Tableau Software in a report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $72.11.

Shares of Tableau Software (DATA) opened at $70.10 on Friday. Tableau Software has a 12 month low of $41.41 and a 12 month high of $82.32.

Tableau Software (NYSE:DATA) last released its earnings results on Thursday, November 2nd. The software company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.07. The business had revenue of $214.90 million for the quarter, compared to the consensus estimate of $219.43 million. Tableau Software had a negative return on equity of 20.89% and a negative net margin of 18.76%. Tableau Software’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.16 earnings per share. sell-side analysts forecast that Tableau Software will post -1.63 EPS for the current fiscal year.

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In related news, insider Adam Selipsky sold 3,200 shares of Tableau Software stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $72.28, for a total value of $231,296.00. Following the completion of the transaction, the insider now directly owns 216,230 shares in the company, valued at approximately $15,629,104.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director A Brooke Seawell sold 1,005 shares of Tableau Software stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $72.23, for a total transaction of $72,591.15. Following the completion of the transaction, the director now owns 3,015 shares of the company’s stock, valued at $217,773.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 663,741 shares of company stock valued at $46,954,215. 24.76% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio boosted its holdings in Tableau Software by 140.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 60,212 shares of the software company’s stock valued at $4,509,000 after purchasing an additional 35,209 shares during the period. GSA Capital Partners LLP bought a new position in Tableau Software in the 3rd quarter valued at $285,000. Garde Capital Inc. boosted its holdings in Tableau Software by 9.7% in the 3rd quarter. Garde Capital Inc. now owns 13,517 shares of the software company’s stock valued at $1,012,000 after purchasing an additional 1,200 shares during the period. Sterling Capital Management LLC boosted its holdings in Tableau Software by 163.0% in the 3rd quarter. Sterling Capital Management LLC now owns 68,974 shares of the software company’s stock valued at $5,165,000 after purchasing an additional 42,747 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in Tableau Software by 2.0% in the 3rd quarter. California Public Employees Retirement System now owns 332,190 shares of the software company’s stock valued at $24,878,000 after purchasing an additional 6,490 shares during the period. 82.67% of the stock is 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.

Analyst Recommendations for Tableau Software (NYSE:DATA)

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