Tableau Software, Inc. (DATA) Rating Increased to Strong-Buy at BidaskClub
BidaskClub upgraded shares of Tableau Software, Inc. (NYSE:DATA) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday morning.
A number of other equities analysts also recently weighed in on the company. Zacks Investment Research downgraded Tableau Software from a hold rating to a sell rating in a research report on Tuesday, July 4th. BTIG Research reissued a buy rating and set a $65.00 price target on shares of Tableau Software in a research report on Friday, May 5th. Wunderlich boosted their price target on Tableau Software from $55.00 to $65.00 and gave the stock a hold rating in a research report on Thursday, May 4th. Deutsche Bank AG boosted their price target on Tableau Software from $50.00 to $60.00 and gave the stock a hold rating in a research report on Thursday, May 4th. Finally, Sanford C. Bernstein initiated coverage on Tableau Software in a research report on Wednesday, May 24th. They set an outperform rating and a $79.00 price target on the stock. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. Tableau Software has an average rating of Hold and a consensus price target of $64.29.
Shares of Tableau Software (NYSE:DATA) opened at 71.52 on Friday. Tableau Software has a one year low of $41.41 and a one year high of $73.37. The stock’s 50 day moving average price is $67.03 and its 200-day moving average price is $58.85. The stock’s market cap is $5.66 billion.
Tableau Software (NYSE:DATA) last announced its quarterly earnings results on Wednesday, August 2nd. The software company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.15. The firm had revenue of $212.90 million for the quarter, compared to the consensus estimate of $210.72 million. Tableau Software had a negative return on equity of 18.71% and a negative net margin of 17.08%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, equities analysts predict that Tableau Software will post $0.22 earnings per share for the current fiscal year.
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In other Tableau Software news, CEO Adam Selipsky sold 23,801 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $70.53, for a total transaction of $1,678,684.53. Following the completion of the sale, the chief executive officer now directly owns 221,030 shares in the company, valued at $15,589,245.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director A Brooke Seawell sold 1,005 shares of the company’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $72.23, for a total value of $72,591.15. Following the sale, the director now owns 3,015 shares of the company’s stock, valued at $217,773.45. The disclosure for this sale can be found here. Insiders have sold 1,076,919 shares of company stock valued at $75,643,882 over the last 90 days. Corporate insiders own 28.98% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in DATA. Winfield Associates Inc. boosted its position in shares of Tableau Software by 0.7% in the first quarter. Winfield Associates Inc. now owns 2,280 shares of the software company’s stock worth $113,000 after buying an additional 15 shares during the last quarter. ETF Managers Group LLC purchased a new position in shares of Tableau Software during the second quarter worth approximately $119,000. Westpac Banking Corp purchased a new position in shares of Tableau Software during the first quarter worth approximately $126,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Tableau Software by 12.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,105 shares of the software company’s stock worth $129,000 after buying an additional 231 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Tableau Software by 164.4% in the second quarter. BNP Paribas Arbitrage SA now owns 2,266 shares of the software company’s stock worth $139,000 after buying an additional 1,409 shares during the last quarter. Hedge funds and other institutional investors own 78.00% 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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