Tableau Software Inc (NYSE:DATA) saw an uptick in trading volume on Monday after Bank of America raised their price target on the stock from $90.00 to $108.00. Bank of America currently has a buy rating on the stock. 1,005,851 shares changed hands during mid-day trading, an increase of 4% from the previous session’s volume of 966,409 shares.The stock last traded at $81.84 and had previously closed at $84.01.

DATA has been the topic of a number of other research reports. JMP Securities increased their price objective on Tableau Software from $77.00 to $94.00 and gave the company a “market outperform” rating in a research note on Friday, February 2nd. Needham & Company LLC increased their price objective on Tableau Software to $113.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Wells Fargo & Co increased their price objective on Tableau Software to $90.00 and gave the company a “market perform” rating in a research note on Friday, February 2nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $95.00 price objective on shares of Tableau Software in a research note on Friday, February 2nd. Finally, Morgan Stanley increased their price objective on Tableau Software from $76.00 to $83.00 and gave the company an “equal weight” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $81.00.

In other news, CEO Adam Selipsky sold 7,272 shares of Tableau Software stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $70.67, for a total value of $513,912.24. Following the transaction, the chief executive officer now directly owns 237,592 shares of the company’s stock, valued at approximately $16,790,626.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Andrew Beers sold 20,000 shares of Tableau Software stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $70.46, for a total value of $1,409,200.00. Following the completion of the transaction, the insider now directly owns 188,422 shares in the company, valued at $13,276,214.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 242,286 shares of company stock worth $17,099,136. 24.76% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its holdings in shares of Tableau Software by 5.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 233,562 shares of the software company’s stock valued at $17,492,000 after buying an additional 11,957 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in Tableau Software by 10.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 254,957 shares of the software company’s stock worth $19,094,000 after purchasing an additional 24,776 shares during the last quarter. Northern Trust Corp increased its holdings in Tableau Software by 5.8% during the 2nd quarter. Northern Trust Corp now owns 283,245 shares of the software company’s stock worth $17,355,000 after purchasing an additional 15,561 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of Tableau Software by 10.0% in the 2nd quarter. New York State Common Retirement Fund now owns 132,440 shares of the software company’s stock valued at $8,115,000 after acquiring an additional 11,999 shares during the last quarter. Finally, Hollencrest Capital Management increased its holdings in shares of Tableau Software by 11.4% in the 4th quarter. Hollencrest Capital Management now owns 21,913 shares of the software company’s stock valued at $1,516,000 after acquiring an additional 2,234 shares during the last quarter. 81.39% of the stock is currently owned by institutional investors and hedge funds.

The stock has a market capitalization of $6,320.00, a price-to-earnings ratio of -33.60 and a beta of 0.88.

Tableau Software (NYSE:DATA) last announced its quarterly earnings results on Thursday, February 1st. The software company reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.09. Tableau Software had a negative return on equity of 23.76% and a negative net margin of 21.16%. The company had revenue of $249.40 million during the quarter, compared to analyst estimates of $240.63 million. During the same quarter in the previous year, the firm posted $0.26 EPS. The firm’s quarterly revenue was down .5% on a year-over-year basis. research analysts anticipate that Tableau Software Inc will post -1.61 EPS for the current year.

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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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