Tableau Software, Inc. (DATA) Upgraded to “Buy” by Vetr Inc.
Vetr upgraded shares of Tableau Software, Inc. (NYSE:DATA) from a hold rating to a buy rating in a research report report published on Thursday morning. Vetr currently has $56.23 price target on the software company’s stock.
Other research analysts have also recently issued reports about the company. Wunderlich cut their price target on Tableau Software from $65.00 to $58.00 and set a buy rating for the company in a report on Wednesday, November 2nd. Oppenheimer Holdings, Inc. set a $55.00 price target on Tableau Software and gave the company a buy rating in a report on Wednesday, November 2nd. Pacific Crest reaffirmed a buy rating and issued a $60.00 price target on shares of Tableau Software in a report on Monday, November 14th. Citigroup Inc. raised Tableau Software from a neutral rating to a buy rating and lifted their price target for the company from $50.00 to $64.00 in a report on Tuesday, January 24th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised Tableau Software from a sell rating to a hold rating in a report on Monday, November 7th. Four research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $59.19.
Tableau Software (NYSE:DATA) opened at 54.06 on Thursday. The firm’s market capitalization is $4.13 billion. Tableau Software has a one year low of $39.07 and a one year high of $62.53. The firm has a 50 day moving average of $47.91 and a 200 day moving average of $49.91.
Tableau Software (NYSE:DATA) last released its quarterly earnings results on Thursday, February 2nd. The software company reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.13. Tableau Software had a negative return on equity of 18.89% and a negative net margin of 17.47%. The business earned $250.60 million during the quarter, compared to analysts’ expectations of $230.24 million. During the same period in the previous year, the business posted $0.33 earnings per share. The firm’s revenue for the quarter was up 23.6% compared to the same quarter last year. Equities analysts forecast that Tableau Software will post $0.01 EPS for the current year.
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In other news, Director Forest Baskett sold 10,833 shares of the company’s stock in a transaction that occurred on Monday, December 5th. The stock was sold at an average price of $45.66, for a total transaction of $494,634.78. Following the sale, the director now owns 10,833 shares in the company, valued at approximately $494,634.78. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Elissa Fink sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 9th. The stock was sold at an average price of $54.19, for a total value of $270,950.00. Following the sale, the insider now owns 53,921 shares in the company, valued at approximately $2,921,978.99. The disclosure for this sale can be found here. In the last quarter, insiders have sold 101,771 shares of company stock worth $5,284,732. Company insiders own 28.98% of the company’s stock.
A number of large investors have recently bought and sold shares of DATA. Cowen Prime Services LLC acquired a new stake in Tableau Software during the third quarter worth $111,000. Intellectus Partners LLC acquired a new stake in Tableau Software during the fourth quarter worth $135,000. Winfield Associates Inc. boosted its stake in Tableau Software by 11.1% in the third quarter. Winfield Associates Inc. now owns 3,800 shares of the software company’s stock worth $210,000 after buying an additional 380 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in Tableau Software by 11.2% in the second quarter. Metropolitan Life Insurance Co. NY now owns 4,131 shares of the software company’s stock worth $202,000 after buying an additional 417 shares during the period. Finally, Tocqueville Asset Management L.P. acquired a new stake in Tableau Software during the third quarter worth $238,000. Institutional investors and hedge funds own 70.40% of the company’s stock.
Tableau Software Company Profile
Tableau Software, Inc (Tableau) offers software products. The Company’s technologies include visual query language (VizQL), a visual query language that translates drag-and-drop actions into data queries and then expresses the information visually, and Hybrid Data Architecture, which combines the Company’s Live Query and In-Memory Data Engines technologies.
To view Vetr’s full report, visit Vetr’s official website.
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