Tableau Software (DATA) Receiving Somewhat Favorable News Coverage, Study Finds
News articles about Tableau Software (NYSE:DATA) have been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tableau Software earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave media stories about the software company an impact score of 44.1908794288846 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- Tableau Stock: Surfing Ahead on the Wave of Big Data (profitconfidential.com)
- Tableau Software, Inc. (NYSE:DATA) – Intraday Trade Secrets – Nasdaq Journal (press release) (nasdaqjournal.com)
- Is Tableau Software Inc (NYSE:DATA) As Strong As Its Balance Sheet Indicates? (finance.yahoo.com)
- Forging into the Technicals on Tableau Software, Inc. (NYSE:DATA) as PI Reaches 1.12846 – Clawson News (clawsonnews.com)
- Is Microsoft Corporation Heading for a Trillion-Dollar Market Cap? – Investorplace.com (investorplace.com)
Several brokerages have weighed in on DATA. UBS reaffirmed a “buy” rating and set a $101.00 price target (up from $74.00) on shares of Tableau Software in a research report on Thursday, November 9th. Needham & Company LLC began coverage on Tableau Software in a research report on Monday, October 23rd. They set a “buy” rating and a $98.00 price target on the stock. KeyCorp reaffirmed a “buy” rating and set a $85.00 price target (up from $75.00) on shares of Tableau Software in a research report on Thursday, September 21st. Oppenheimer reaffirmed a “hold” rating on shares of Tableau Software in a research report on Wednesday, September 13th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $58.00 price target on shares of Tableau Software in a research report on Sunday, October 8th. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $72.11.
Shares of Tableau Software (DATA) traded up $0.43 during trading on Monday, reaching $71.06. 590,425 shares of the company were exchanged, compared to its average volume of 1,008,747. Tableau Software has a 1 year low of $41.41 and a 1 year high of $82.32.
Tableau Software (NYSE:DATA) last issued its quarterly earnings results on Thursday, November 2nd. The software company reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.07. The firm had revenue of $214.90 million for the quarter, compared to analyst estimates of $219.43 million. Tableau Software had a negative net margin of 18.76% and a negative return on equity of 20.89%. Tableau Software’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the company posted $0.16 EPS. equities analysts anticipate that Tableau Software will post -1.63 earnings per share for the current fiscal year.
In related news, insider Chris Stolte sold 75,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $70.98, for a total value of $5,323,500.00. Following the transaction, the insider now directly owns 78,619 shares of the company’s stock, valued at approximately $5,580,376.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Christian Chabot sold 450,000 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $70.49, for a total transaction of $31,720,500.00. Following the completion of the transaction, the insider now directly owns 231,820 shares in the company, valued at $16,340,991.80. The disclosure for this sale can be found here. Insiders sold a total of 692,286 shares of company stock worth $48,819,636 over the last ninety days. 28.98% of the stock is currently owned by corporate insiders.
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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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