Tableau Software (DATA) Releases Quarterly Earnings Results, Misses Expectations By $0.15 EPS

Tableau Software (NYSE:DATA) posted its earnings results on Tuesday. The software company reported ($0.82) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.67) by ($0.15), Morningstar.com reports. Tableau Software had a negative return on equity of 24.51% and a negative net margin of 20.38%. The business had revenue of $239.60 million during the quarter, compared to the consensus estimate of $242.19 million. During the same period in the previous year, the business earned $0.08 earnings per share. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. Tableau Software updated its Q4 guidance to (0.08-0.10) EPS.

Shares of DATA stock traded up $16.13 during trading hours on Wednesday, hitting $121.16. 3,657,844 shares of the company’s stock traded hands, compared to its average volume of 862,618. Tableau Software has a 12-month low of $68.37 and a 12-month high of $124.86. The firm has a market capitalization of $8.86 billion, a price-to-earnings ratio of -51.78 and a beta of 1.34.

In other news, insider Chris Stolte sold 285,000 shares of Tableau Software stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $102.98, for a total transaction of $29,349,300.00. Following the completion of the transaction, the insider now directly owns 176,327 shares in the company, valued at $18,158,154.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Adam Selipsky sold 3,400 shares of Tableau Software stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $112.31, for a total transaction of $381,854.00. Following the transaction, the insider now owns 263,428 shares of the company’s stock, valued at $29,585,598.68. The disclosure for this sale can be found here. Insiders have sold 593,272 shares of company stock valued at $61,386,007 over the last quarter. Company insiders own 19.22% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of Tableau Software by 10.8% during the second quarter. BlackRock Inc. now owns 3,572,065 shares of the software company’s stock valued at $349,168,000 after purchasing an additional 348,593 shares during the last quarter. FMR LLC lifted its holdings in shares of Tableau Software by 4,138.8% during the second quarter. FMR LLC now owns 2,323,496 shares of the software company’s stock valued at $227,122,000 after purchasing an additional 2,268,681 shares during the last quarter. Baillie Gifford & Co. increased its position in shares of Tableau Software by 11.7% during the second quarter. Baillie Gifford & Co. now owns 1,716,736 shares of the software company’s stock valued at $167,811,000 after acquiring an additional 179,906 shares in the last quarter. American Century Companies Inc. increased its position in shares of Tableau Software by 3.8% during the third quarter. American Century Companies Inc. now owns 1,284,805 shares of the software company’s stock valued at $143,564,000 after acquiring an additional 47,209 shares in the last quarter. Finally, Dorsal Capital Management LLC increased its position in shares of Tableau Software by 17.6% during the second quarter. Dorsal Capital Management LLC now owns 1,000,000 shares of the software company’s stock valued at $97,750,000 after acquiring an additional 150,000 shares in the last quarter. Hedge funds and other institutional investors own 82.67% of the company’s stock.

Several analysts have commented on DATA shares. Citigroup set a $140.00 price objective on shares of Tableau Software and gave the stock a “buy” rating in a report on Tuesday, September 18th. Goldman Sachs Group restated a “buy” rating and issued a $130.00 price objective (up from $110.00) on shares of Tableau Software in a report on Monday, July 23rd. Morgan Stanley raised their price objective on shares of Tableau Software from $90.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, July 23rd. Barclays raised their price objective on shares of Tableau Software from $104.00 to $114.00 and gave the stock an “overweight” rating in a report on Thursday, July 12th. Finally, Deutsche Bank upgraded shares of Tableau Software from a “hold” rating to a “buy” rating and raised their price objective for the stock from $105.00 to $120.00 in a report on Wednesday, August 1st. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $116.27.

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Tableau Software Company Profile

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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Earnings History for Tableau Software (NYSE:DATA)

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