Wall Street brokerages expect Tableau Software, Inc. (NYSE:DATA) to post $219.01 million in sales for the current quarter, according to Zacks Investment Research. Ten analysts have provided estimates for Tableau Software’s earnings, with estimates ranging from $215.65 million to $220.60 million. Tableau Software posted sales of $206.06 million in the same quarter last year, which would indicate a positive year over year growth rate of 6.3%. The company is expected to report its next earnings report on Tuesday, November 7th.
According to Zacks, analysts expect that Tableau Software will report full year sales of $219.01 million for the current year, with estimates ranging from $870.50 million to $886.18 million. For the next financial year, analysts expect that the firm will report sales of $952.30 million per share, with estimates ranging from $876.10 million to $1.01 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Tableau Software.
Tableau Software (NYSE:DATA) last issued its quarterly earnings data on Wednesday, August 2nd. The software company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.15. Tableau Software had a negative net margin of 17.08% and a negative return on equity of 18.71%. The business had revenue of $212.90 million for the quarter, compared to analysts’ expectations of $210.72 million. The firm’s quarterly revenue was up 7.3% on a year-over-year basis.
A number of research firms have commented on DATA. UBS AG reissued a “buy” rating and issued a $68.00 price objective (up previously from $60.00) on shares of Tableau Software in a research note on Thursday, May 25th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $70.00 price objective (up previously from $65.00) on shares of Tableau Software in a research note on Wednesday, August 9th. Barclays PLC reissued an “overweight” rating and issued a $76.00 price objective (up previously from $72.00) on shares of Tableau Software in a research note on Wednesday, August 9th. Moffett Nathanson began coverage on Tableau Software in a research note on Wednesday, September 6th. They issued a “neutral” rating and a $76.00 price objective on the stock. Finally, BMO Capital Markets boosted their price objective on Tableau Software from $64.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $64.82.
In related news, Director A Brooke Seawell sold 1,005 shares of the stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $72.23, for a total transaction of $72,591.15. Following the completion of the transaction, the director now directly owns 3,015 shares in the company, valued at $217,773.45. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Adam Selipsky sold 23,801 shares of the stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $70.53, for a total value of $1,678,684.53. Following the transaction, the chief executive officer now owns 221,030 shares of the company’s stock, valued at $15,589,245.90. The disclosure for this sale can be found here. Insiders sold 1,160,559 shares of company stock valued at $81,744,364 over the last 90 days. Corporate insiders own 28.98% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Tableau Software by 10.6% during the second quarter. Vanguard Group Inc. now owns 4,692,183 shares of the software company’s stock worth $287,489,000 after buying an additional 450,910 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Tableau Software by 9.0% during the second quarter. BlackRock Inc. now owns 2,672,716 shares of the software company’s stock worth $163,756,000 after buying an additional 220,387 shares in the last quarter. FMR LLC grew its holdings in shares of Tableau Software by 44.8% during the second quarter. FMR LLC now owns 2,387,444 shares of the software company’s stock worth $146,279,000 after buying an additional 738,623 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Tableau Software by 131.7% during the first quarter. Renaissance Technologies LLC now owns 1,703,500 shares of the software company’s stock worth $84,408,000 after buying an additional 968,400 shares in the last quarter. Finally, Artisan Partners Limited Partnership bought a new position in shares of Tableau Software during the second quarter worth about $85,555,000. Institutional investors and hedge funds own 78.00% of the company’s stock.
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Shares of Tableau Software (NYSE DATA) opened at 75.63 on Wednesday. Tableau Software has a 52 week low of $41.41 and a 52 week high of $75.75. The company’s market capitalization is $5.98 billion. The company’s 50 day moving average is $69.67 and its 200-day moving average is $60.24.
About Tableau Software
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.
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