Tableau Software’s (DATA) “Buy” Rating Reiterated at UBS AG
UBS AG reaffirmed their buy rating on shares of Tableau Software, Inc. (NYSE:DATA) in a research report report published on Thursday, www.benzinga.com reports. They currently have a $101.00 price target on the software company’s stock, up from their prior price target of $74.00.
Several other research analysts have also recently weighed in on DATA. Bank of America Corporation restated a buy rating and set a $76.00 price target on shares of Tableau Software in a report on Monday, July 17th. ValuEngine cut shares of Tableau Software from a hold rating to a sell rating in a report on Thursday, July 20th. Maxim Group restated a sell rating and set a $30.00 price target on shares of Tableau Software in a report on Tuesday, July 25th. BidaskClub cut shares of Tableau Software from a buy rating to a hold rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research upgraded shares of Tableau Software from a sell rating to a hold rating in a research note on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $70.87.
Tableau Software (DATA) traded up $0.51 during trading hours on Thursday, hitting $72.15. 685,100 shares of the stock traded hands, compared to its average volume of 1,208,782. Tableau Software has a one year low of $41.41 and a one year high of $82.32.
Tableau Software (NYSE:DATA) last released its quarterly earnings results on Thursday, November 2nd. The software company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.07. Tableau Software had a negative net margin of 18.76% and a negative return on equity of 20.89%. The business had revenue of $214.90 million for the quarter, compared to analysts’ expectations of $219.43 million. During the same period in the previous year, the company earned $0.16 earnings per share. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. research analysts anticipate that Tableau Software will post -1.63 EPS for the current year.
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In related news, insider Christian Chabot sold 450,000 shares of the stock in a transaction on 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 transaction, the insider now owns 231,820 shares of the company’s stock, valued at approximately $16,340,991.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Chris Stolte sold 75,000 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $69.67, for a total transaction of $5,225,250.00. Following the transaction, the insider now directly owns 78,702 shares in the company, valued at approximately $5,483,168.34. The disclosure for this sale can be found here. Insiders sold a total of 754,959 shares of company stock worth $53,209,376 in the last three months. Insiders own 28.98% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its holdings in shares of Tableau Software by 34.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,431,304 shares of the software company’s stock valued at $106,731,000 after purchasing an additional 365,373 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Tableau Software by 20.8% during the 3rd quarter. Legal & General Group Plc now owns 24,435 shares of the software company’s stock valued at $1,830,000 after purchasing an additional 4,204 shares during the last quarter. Eagle Asset Management Inc. grew its holdings in shares of Tableau Software by 2.5% during the 3rd quarter. Eagle Asset Management Inc. now owns 870,666 shares of the software company’s stock valued at $65,639,000 after purchasing an additional 21,061 shares during the last quarter. South State Corp bought a new position in shares of Tableau Software during the 3rd quarter valued at $316,000. Finally, Davidson Investment Advisors bought a new position in shares of Tableau Software during the 3rd quarter valued at $5,191,000. 77.86% of the stock is currently owned by institutional investors.
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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