Tableau Software, Inc. (DATA) Given a $68.00 Price Target at Robert W. Baird
Several other research firms have also recently weighed in on DATA. KeyCorp reissued a buy rating and issued a $85.00 price objective on shares of Tableau Software in a research report on Friday. Oppenheimer Holdings, Inc. reissued a hold rating on shares of Tableau Software in a research report on Wednesday, September 13th. Zacks Investment Research raised Tableau Software from a hold rating to a buy rating and set a $81.00 price objective on the stock in a research report on Friday, September 8th. Moffett Nathanson started coverage on Tableau Software in a research report on Wednesday, September 6th. They issued a neutral rating and a $76.00 price objective on the stock. Finally, BidaskClub raised Tableau Software from a buy rating to a strong-buy rating in a research report on Saturday, August 26th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $65.86.
Shares of Tableau Software (NYSE:DATA) traded up 0.62% during midday trading on Friday, reaching $77.38. The company’s stock had a trading volume of 460,075 shares. The stock’s market cap is $6.12 billion. The firm has a 50-day moving average of $73.86 and a 200-day moving average of $63.47. Tableau Software has a one year low of $41.41 and a one year high of $77.47.
Tableau Software (NYSE:DATA) last posted its quarterly earnings data on Wednesday, August 2nd. The software company reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.15. Tableau Software had a negative return on equity of 18.71% and a negative net margin of 17.08%. The business had revenue of $212.90 million for the quarter, compared to analysts’ expectations of $210.72 million. The company’s quarterly revenue was up 7.3% on a year-over-year basis. On average, analysts forecast that Tableau Software will post $0.23 EPS for the current year.
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In other Tableau Software news, insider Chris Stolte sold 225,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $70.59, for a total value of $15,882,750.00. Following the transaction, the insider now directly owns 153,702 shares in the company, valued at approximately $10,849,824.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Keenan Michael Conder sold 6,800 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $68.22, for a total value of $463,896.00. Following the completion of the transaction, the executive vice president now owns 86,164 shares in the company, valued at $5,878,108.08. The disclosure for this sale can be found here. Insiders sold a total of 1,160,559 shares of company stock worth $81,744,364 over the last 90 days. Corporate insiders own 28.98% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Lord Abbett & CO. LLC bought a new position in Tableau Software in the 2nd quarter worth about $11,938,000. Dynamic Technology Lab Private Ltd increased its stake in Tableau Software by 68.0% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 14,011 shares of the software company’s stock worth $858,000 after acquiring an additional 5,669 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in Tableau Software by 80.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 25,003 shares of the software company’s stock worth $1,532,000 after acquiring an additional 11,155 shares during the last quarter. Sterling Capital Management LLC bought a new position in Tableau Software in the 2nd quarter worth about $1,607,000. Finally, Nomura Holdings Inc. bought a new position in Tableau Software in the 2nd quarter worth about $491,000. Institutional investors and hedge funds own 77.61% of the company’s stock.
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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