Needham & Company LLC reissued their buy rating on shares of Tableau Software (NYSE:DATA) in a research report released on Friday morning, Briefing.com Automated Import reports. Needham & Company LLC currently has a $156.00 target price on the software company’s stock.

Several other equities research analysts have also recently weighed in on the stock. UBS Group boosted their price target on shares of Tableau Software to $134.00 and gave the stock a neutral rating in a research report on Thursday, May 2nd. ValuEngine upgraded shares of Tableau Software from a buy rating to a strong-buy rating in a research report on Wednesday, May 1st. BMO Capital Markets reduced their price target on shares of Tableau Software from $145.00 to $140.00 and set a market perform rating on the stock in a research report on Tuesday, April 23rd. Wedbush restated an outperform rating and issued a $145.00 price target on shares of Tableau Software in a research report on Thursday, April 18th. Finally, Maxim Group restated a hold rating on shares of Tableau Software in a research report on Thursday, February 7th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Buy and a consensus price target of $135.43.

Tableau Software stock opened at $122.65 on Friday. The company has a market cap of $10.46 billion, a PE ratio of -38.45 and a beta of 1.19. Tableau Software has a 1 year low of $90.29 and a 1 year high of $136.92.

Tableau Software (NYSE:DATA) last released its quarterly earnings data on Thursday, May 2nd. The software company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.58) by $0.60. The firm had revenue of $282.50 million for the quarter, compared to analysts’ expectations of $287.24 million. Tableau Software had a negative net margin of 27.58% and a negative return on equity of 26.23%. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.07 earnings per share. On average, sell-side analysts expect that Tableau Software will post -0.76 EPS for the current year.

In other Tableau Software news, insider Adam Selipsky sold 21,567 shares of the business’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $127.43, for a total transaction of $2,748,282.81. Following the transaction, the insider now owns 278,057 shares in the company, valued at $35,432,803.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Chris Stolte sold 190,000 shares of the business’s stock in a transaction on Monday, February 11th. The shares were sold at an average price of $121.47, for a total transaction of $23,079,300.00. Following the transaction, the insider now owns 98,536 shares in the company, valued at approximately $11,969,167.92. The disclosure for this sale can be found here. Insiders have sold 752,046 shares of company stock worth $91,574,008 in the last quarter. Company insiders own 12.58% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Pennsylvania Trust Co boosted its stake in shares of Tableau Software by 8.0% during the fourth quarter. Pennsylvania Trust Co now owns 2,025 shares of the software company’s stock valued at $243,000 after purchasing an additional 150 shares during the period. Baillie Gifford & Co. boosted its stake in shares of Tableau Software by 15.6% during the fourth quarter. Baillie Gifford & Co. now owns 2,060,560 shares of the software company’s stock valued at $247,267,000 after purchasing an additional 278,339 shares during the period. Tradewinds Capital Management LLC boosted its stake in shares of Tableau Software by 47.1% during the fourth quarter. Tradewinds Capital Management LLC now owns 581 shares of the software company’s stock valued at $70,000 after purchasing an additional 186 shares during the period. Boston Advisors LLC boosted its stake in shares of Tableau Software by 26.1% during the fourth quarter. Boston Advisors LLC now owns 3,377 shares of the software company’s stock valued at $405,000 after purchasing an additional 700 shares during the period. Finally, HMI Capital LLC boosted its stake in shares of Tableau Software by 3.6% during the fourth quarter. HMI Capital LLC now owns 1,314,426 shares of the software company’s stock valued at $157,731,000 after purchasing an additional 45,700 shares during the period. Institutional investors and hedge funds own 86.23% 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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