Tableau Software (NYSE:DATA) had its target price raised by Bank of America from $130.00 to $140.00 in a research report report published on Wednesday, Marketbeat.com reports. The firm currently has a buy rating on the software company’s stock.
A number of other brokerages have also weighed in on DATA. Morgan Stanley set a $117.00 price target on Tableau Software and gave the stock a hold rating in a research note on Wednesday, October 24th. UBS Group increased their price target on Tableau Software from $95.00 to $114.00 and gave the stock a neutral rating in a research note on Thursday, August 2nd. Citigroup set a $140.00 price target on Tableau Software and gave the stock a buy rating in a research note on Tuesday, September 18th. Stifel Nicolaus increased their price target on Tableau Software from $115.00 to $120.00 and gave the stock a buy rating in a research note on Monday, July 16th. Finally, Barclays increased their price target on Tableau Software from $114.00 to $123.00 and gave the stock an overweight rating in a research note on Monday, August 6th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $116.27.
NYSE:DATA traded down $5.55 during trading hours on Wednesday, reaching $114.11. 3,122,988 shares of the company traded hands, compared to its average volume of 1,050,514. The stock has a market cap of $10.05 billion, a PE ratio of -48.76 and a beta of 1.34. Tableau Software has a 1-year low of $68.37 and a 1-year high of $125.50.
Tableau Software (NYSE:DATA) last announced its earnings results on Tuesday, November 6th. The software company reported ($0.82) EPS for the quarter, missing analysts’ consensus estimates of ($0.67) by ($0.15). The company had revenue of $239.60 million for the quarter, compared to analyst estimates of $242.19 million. Tableau Software had a negative net margin of 22.39% and a negative return on equity of 26.14%. Tableau Software’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.08 EPS. As a group, equities analysts anticipate that Tableau Software will post -2.75 EPS for the current year.
In related news, insider Adam Selipsky sold 3,300 shares of the stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $100.61, for a total value of $332,013.00. Following the completion of the sale, the insider now directly owns 270,013 shares in the company, valued at approximately $27,166,007.93. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director William Bosworth sold 324 shares of the stock in a transaction on Friday, August 24th. The shares were sold at an average price of $103.64, for a total value of $33,579.36. Following the completion of the sale, the director now owns 10,027 shares of the company’s stock, valued at $1,039,198.28. The disclosure for this sale can be found here. Insiders sold a total of 216,672 shares of company stock worth $22,674,095 over the last ninety days. Corporate insiders own 28.98% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Creative Planning increased its holdings in Tableau Software by 10.3% in the 3rd quarter. Creative Planning now owns 24,431 shares of the software company’s stock valued at $2,730,000 after purchasing an additional 2,276 shares in the last quarter. Brown Advisory Inc. acquired a new stake in shares of Tableau Software during the second quarter valued at about $4,468,000. Partners Capital Investment Group LLP grew its stake in shares of Tableau Software by 26.2% during the second quarter. Partners Capital Investment Group LLP now owns 56,259 shares of the software company’s stock valued at $5,499,000 after acquiring an additional 11,667 shares in the last quarter. Swiss National Bank grew its stake in shares of Tableau Software by 5.8% during the second quarter. Swiss National Bank now owns 118,225 shares of the software company’s stock valued at $11,556,000 after acquiring an additional 6,500 shares in the last quarter. Finally, Wolverine Asset Management LLC grew its stake in shares of Tableau Software by 29.2% during the second quarter. Wolverine Asset Management LLC now owns 35,394 shares of the software company’s stock valued at $3,459,000 after acquiring an additional 8,000 shares in the last quarter. Hedge funds and other institutional investors own 82.67% of the company’s stock.
About Tableau Software
Tableau Software, Inc provides business analytics software products. It offers Tableau Desktop, an analytics product that empowers people to access and analyze data; and Tableau Server, a business intelligence platform with data management and scalability to foster sharing of analytics, as well as to enhance the dissemination of information in an organization and promote decision-making.
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