Tableau Software Inc (NYSE:DATA)‘s stock had its “buy” rating reissued by research analysts at Rosenblatt Securities in a note issued to investors on Monday. They currently have a $70.00 target price on the software company’s stock. Rosenblatt Securities’ target price would indicate a potential upside of 42.80% from the company’s previous close.
DATA has been the topic of several other reports. Vetr upgraded Tableau Software from a “buy” rating to a “strong-buy” rating and set a $54.28 price target on the stock in a research report on Tuesday, January 24th. Mitsubishi UFJ Financial Group reiterated an “underweight” rating and set a $44.00 price target (up from $42.00) on shares of Tableau Software in a research report on Monday, February 6th. DA Davidson set a $50.00 price objective on Tableau Software and gave the stock a “hold” rating in a research note on Wednesday, February 1st. Cowen and Company raised their price objective on Tableau Software from $50.00 to $53.00 and gave the stock a “market perform” rating in a research note on Friday, February 3rd. Finally, Zacks Investment Research lowered Tableau Software from a “hold” rating to a “strong sell” rating in a research note on Friday, February 3rd. Four research analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Tableau Software presently has a consensus rating of “Hold” and an average price target of $59.47.
Tableau Software (NYSE:DATA) traded down 0.16% during trading on Monday, reaching $49.02. The company had a trading volume of 615,142 shares. The company has a 50-day moving average price of $51.76 and a 200 day moving average price of $49.30. Tableau Software has a 52-week low of $41.33 and a 52-week high of $62.53. The stock’s market cap is $3.83 billion.
Tableau Software (NYSE:DATA) last issued its quarterly earnings results on Thursday, February 2nd. The software company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.13. Tableau Software had a negative return on equity of 18.89% and a negative net margin of 17.47%. The company had revenue of $250.60 million for the quarter, compared to analysts’ expectations of $230.24 million. During the same period last year, the firm earned $0.33 EPS. The firm’s revenue for the quarter was up 23.6% on a year-over-year basis. On average, analysts anticipate that Tableau Software will post $0.01 earnings per share for the current year.
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In other Tableau Software news, Director Elliott H. Jurgensen, Jr. sold 3,519 shares of the firm’s stock in a transaction dated Friday, February 17th. The stock was sold at an average price of $54.29, for a total transaction of $191,046.51. Following the transaction, the director now directly owns 2,940 shares in the company, valued at $159,612.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Chris Stolte sold 75,000 shares of the firm’s stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $53.64, for a total value of $4,023,000.00. Following the transaction, the insider now owns 78,908 shares in the company, valued at $4,232,625.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 95,394 shares of company stock valued at $5,133,399. Insiders own 28.98% of the company’s stock.
A number of institutional investors have recently bought and sold shares of DATA. Aperio Group LLC raised its position in Tableau Software by 3.4% in the third quarter. Aperio Group LLC now owns 5,386 shares of the software company’s stock valued at $298,000 after buying an additional 175 shares during the period. Winfield Associates Inc. raised its position in Tableau Software by 11.1% in the third quarter. Winfield Associates Inc. now owns 3,800 shares of the software company’s stock valued at $210,000 after buying an additional 380 shares during the period. California State Teachers Retirement System raised its position in Tableau Software by 0.8% in the third quarter. California State Teachers Retirement System now owns 117,145 shares of the software company’s stock valued at $6,475,000 after buying an additional 900 shares during the period. State Board of Administration of Florida Retirement System raised its position in Tableau Software by 1.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 74,716 shares of the software company’s stock valued at $3,149,000 after buying an additional 927 shares during the period. Finally, Baird Financial Group Inc. raised its position in Tableau Software by 28.6% in the fourth quarter. Baird Financial Group Inc. now owns 4,905 shares of the software company’s stock valued at $207,000 after buying an additional 1,090 shares during the period. Institutional investors own 70.40% of the company’s stock.
Tableau Software Company Profile
Tableau Software, Inc (Tableau) offers software products. The Company’s technologies include visual query language (VizQL), a visual query language that translates drag-and-drop actions into data queries and then expresses the information visually, and Hybrid Data Architecture, which combines the Company’s Live Query and In-Memory Data Engines technologies.
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