Vetr upgraded shares of Tableau Software Inc (NYSE:DATA) from a buy rating to a strong-buy rating in a research note published on Monday, April 17th. They currently have $57.96 target price on the software company’s stock.
A number of other research firms have also weighed in on DATA. Oppenheimer Holdings Inc. restated a hold rating on shares of Tableau Software in a report on Thursday, February 2nd. Wedbush reiterated an outperform rating and set a $60.00 price objective on shares of Tableau Software in a report on Friday, March 31st. DA Davidson set a $50.00 price objective on Tableau Software and gave the company a hold rating in a report on Wednesday, February 1st. Wells Fargo & Co assumed coverage on Tableau Software in a report on Wednesday, January 11th. They set a market perform rating for the company. Finally, JMP Securities reiterated an outperform rating and set a $65.00 price objective on shares of Tableau Software in a report on Monday, March 20th. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Tableau Software currently has an average rating of Hold and an average price target of $59.25.
Tableau Software (NYSE:DATA) traded up 1.26% during midday trading on Monday, hitting $60.44. The stock had a trading volume of 846,735 shares. Tableau Software has a 12 month low of $41.41 and a 12 month high of $63.34. The firm’s 50-day moving average price is $54.67 and its 200 day moving average price is $49.41. The company’s market cap is $4.71 billion.
Tableau Software (NYSE:DATA) last announced its quarterly earnings results on Wednesday, May 3rd. The software company reported ($0.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.51) by $0.16. The firm had revenue of $199.90 million during the quarter, compared to analysts’ expectations of $200.91 million. Tableau Software had a negative net margin of 17.47% and a negative return on equity of 18.89%. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. On average, analysts expect that Tableau Software will post $0.03 earnings per share for the current fiscal year.
In other Tableau Software news, insider Chris Stolte sold 150,000 shares of Tableau Software stock in a transaction on Monday, May 8th. The shares were sold at an average price of $60.15, for a total value of $9,022,500.00. Following the transaction, the insider now directly owns 153,805 shares in the company, valued at $9,251,370.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Keenan Michael Conder sold 909 shares of Tableau Software stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $62.63, for a total transaction of $56,930.67. Following the completion of the transaction, the executive vice president now owns 79,151 shares in the company, valued at $4,957,227.13. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 570,620 shares of company stock worth $34,548,380. 28.98% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Delta Lloyd NV raised its position in shares of Tableau Software by 393.0% in the third quarter. Delta Lloyd NV now owns 318,364 shares of the software company’s stock worth $17,596,000 after buying an additional 253,793 shares during the period. First Trust Advisors LP purchased a new position in shares of Tableau Software during the third quarter worth about $2,386,000. Marcus Capital LLC raised its position in shares of Tableau Software by 18.9% in the third quarter. Marcus Capital LLC now owns 64,875 shares of the software company’s stock worth $3,586,000 after buying an additional 10,325 shares during the period. State Street Corp raised its position in shares of Tableau Software by 2.1% in the fourth quarter. State Street Corp now owns 694,891 shares of the software company’s stock valued at $29,285,000 after buying an additional 14,395 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Tableau Software by 4.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,379,192 shares of the software company’s stock valued at $76,228,000 after buying an additional 52,738 shares during the last quarter. Institutional investors and hedge funds own 70.40% 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.
To view Vetr’s full report, visit Vetr’s official website.
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