Zacks Investment Research Upgrades Tableau Software, Inc. (NYSE:DATA) to Hold
Zacks Investment Research upgraded shares of Tableau Software, Inc. (NYSE:DATA) from a sell rating to a hold rating in a research note issued to investors on Tuesday.
According to Zacks, “Tableau Software, Inc. engages in providing analytics and data visualization software. The company offers Tableau Desktop, Tableau Server and Tableau Public. It also provides related maintenance and support, and professional and training services. The Company’s product helps a single user on a laptop analyze data from a simple spreadsheet, or to enable thousands of users across an enterprise to execute queries against databases. Tableau Software, Inc. is headquartered in Seattle, Washington. “
Other equities research analysts have also issued reports about the stock. Vetr lowered shares of Tableau Software from a strong-buy rating to a buy rating and set a $56.71 price target on the stock. in a report on Thursday, April 6th. BTIG Research initiated coverage on shares of Tableau Software in a report on Monday, April 17th. They issued a buy rating and a $65.00 price target on the stock. Stifel Nicolaus reaffirmed a buy rating and issued a $75.00 price target on shares of Tableau Software in a report on Thursday, May 4th. UBS AG reaffirmed a buy rating and issued a $68.00 price target (up from $60.00) on shares of Tableau Software in a report on Thursday, May 25th. Finally, Bank of America Corporation upped their price target on shares of Tableau Software from $72.00 to $76.00 and gave the company a buy rating in a report on Tuesday, May 30th. Four equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $62.17.
Tableau Software (NYSE DATA) traded down 0.03% during trading on Tuesday, reaching $64.85. The company had a trading volume of 649,442 shares. The firm’s market capitalization is $5.06 billion. Tableau Software has a 52 week low of $41.41 and a 52 week high of $67.10. The stock has a 50 day moving average price of $63.37 and a 200 day moving average price of $55.72.
Tableau Software (NYSE:DATA) last posted its quarterly earnings results on Wednesday, May 3rd. The software company reported ($0.67) EPS for the quarter, missing the consensus estimate of ($0.51) by $0.16. Tableau Software had a negative net margin of 17.95% and a negative return on equity of 19.26%. The business had revenue of $199.90 million during the quarter, compared to analysts’ expectations of $200.91 million. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. Analysts predict that Tableau Software will post $0.03 earnings per share for the current year.
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In other news, CFO Thomas E. Walker, Jr. sold 35,500 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $64.80, for a total transaction of $2,300,400.00. Following the completion of the sale, the chief financial officer now owns 170,834 shares in the company, valued at approximately $11,070,043.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Christian Chabot sold 250,000 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $60.05, for a total transaction of $15,012,500.00. Following the sale, the chairman now owns 253,806 shares of the company’s stock, valued at approximately $15,241,050.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 716,025 shares of company stock valued at $43,731,668. 28.98% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in the company. Winfield Associates Inc. increased its stake 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 in the last quarter. Westpac Banking Corp purchased a new stake in shares of Tableau Software during the first quarter worth about $126,000. FNY Partners Fund LP increased its stake in shares of Tableau Software by 14,900.0% in the first quarter. FNY Partners Fund LP now owns 3,000 shares of the software company’s stock worth $148,000 after buying an additional 2,980 shares in the last quarter. Intellectus Partners LLC increased its stake in shares of Tableau Software by 7.8% in the first quarter. Intellectus Partners LLC now owns 3,450 shares of the software company’s stock worth $171,000 after buying an additional 250 shares in the last quarter. Finally, Diversified Trust Co purchased a new stake in shares of Tableau Software during the second quarter worth about $224,000. Institutional investors and hedge funds own 76.12% 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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