Tableau Software (DATA) Given a $148.00 Price Target at Citigroup

Citigroup set a $148.00 target price on Tableau Software (NYSE:DATA) in a research report sent to investors on Wednesday, The Fly reports. The brokerage currently has a buy rating on the software company’s stock.

DATA has been the subject of several other reports. Deutsche Bank raised Tableau Software from a hold rating to a buy rating and upped their price objective for the stock from $105.00 to $120.00 in a research report on Wednesday, August 1st. Goldman Sachs Group reaffirmed a buy rating and set a $130.00 price objective (up from $110.00) on shares of Tableau Software in a research report on Monday, July 23rd. Royal Bank of Canada upped their price objective on Tableau Software to $105.00 and gave the stock a market perform rating in a research report on Wednesday, August 1st. Morgan Stanley set a $117.00 price objective on Tableau Software and gave the stock a hold rating in a research report on Wednesday, October 24th. Finally, UBS Group reaffirmed a buy rating and set a $130.00 price objective (up from $114.00) on shares of Tableau Software in a research report on Friday, August 3rd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Tableau Software has an average rating of Hold and an average price target of $116.27.

Shares of NYSE:DATA traded down $5.55 on Wednesday, hitting $114.11. 3,122,988 shares of the company’s stock were exchanged, compared to its average volume of 1,050,514. The stock has a market cap of $10.05 billion, a P/E 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 released its quarterly earnings data on Tuesday, November 6th. 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). The business had revenue of $239.60 million for the quarter, compared to analyst estimates of $242.19 million. Tableau Software had a negative return on equity of 26.14% and a negative net margin of 22.39%. The company’s revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.08 earnings per share. As a group, research analysts forecast that Tableau Software will post -2.75 EPS for the current fiscal year.

In other Tableau Software news, insider Adam Selipsky sold 3,300 shares of the company’s stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $100.61, for a total transaction of $332,013.00. Following the completion of the sale, the insider now directly owns 270,013 shares of the company’s stock, valued at approximately $27,166,007.93. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Chris Stolte sold 95,000 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $102.64, for a total value of $9,750,800.00. Following the sale, the insider now directly owns 98,536 shares of the company’s stock, valued at $10,113,735.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 216,672 shares of company stock valued at $22,674,095. 28.98% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Tableau Software by 11.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,593 shares of the software company’s stock worth $513,000 after purchasing an additional 471 shares during the period. Signition LP increased its position in Tableau Software by 2.9% during the 3rd quarter. Signition LP now owns 19,475 shares of the software company’s stock worth $2,176,000 after purchasing an additional 544 shares during the period. Metropolitan Life Insurance Co. NY increased its position in Tableau Software by 11.5% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 5,336 shares of the software company’s stock worth $522,000 after purchasing an additional 551 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in Tableau Software by 23.4% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 3,894 shares of the software company’s stock worth $435,000 after purchasing an additional 739 shares during the period. Finally, Xact Kapitalforvaltning AB increased its position in Tableau Software by 9.7% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 10,216 shares of the software company’s stock worth $1,142,000 after purchasing an additional 900 shares during the period. 82.67% of the stock is owned by hedge funds and other institutional investors.

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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