Tableau Software, Inc. (NYSE:DATA)‘s stock had its “buy” rating reiterated by analysts at Barclays PLC in a report issued on Wednesday. They currently have a $80.00 price objective on the software company’s stock. Barclays PLC’s target price points to a potential upside of 3.98% from the company’s previous close.
Several other equities research analysts have also recently issued reports on DATA. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $70.00 price target (up from $65.00) on shares of Tableau Software in a research note on Wednesday, August 9th. BMO Capital Markets raised their price target on shares of Tableau Software from $64.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, August 3rd. Wedbush reaffirmed an “outperform” rating and set a $84.00 price target on shares of Tableau Software in a research note on Wednesday. Jefferies Group LLC reissued a “hold” rating and issued a $58.00 target price on shares of Tableau Software in a research report on Sunday. Finally, KeyCorp reissued a “buy” rating and issued a $85.00 target price (up from $75.00) on shares of Tableau Software in a research report on Thursday, September 21st. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $67.00.
Shares of Tableau Software (NYSE:DATA) traded up 0.93% during trading on Wednesday, reaching $76.94. 634,555 shares of the company’s stock were exchanged. The stock’s market capitalization is $6.09 billion. The stock has a 50 day moving average price of $74.25 and a 200-day moving average price of $64.12. Tableau Software has a 52 week low of $41.41 and a 52 week high of $78.14.
Tableau Software (NYSE:DATA) last released its quarterly earnings results on Wednesday, August 2nd. The software company reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 company 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% compared to the same quarter last year. Analysts predict that Tableau Software will post $0.23 earnings per share for the current year.
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In related news, Director William Bosworth sold 450 shares of Tableau Software stock in a transaction on Monday, August 28th. The shares were sold at an average price of $71.52, for a total value of $32,184.00. Following the completion of the sale, the director now owns 9,099 shares in the company, valued at $650,760.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director A Brooke Seawell sold 1,005 shares of Tableau Software stock in a transaction on 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 sale, the director now owns 3,015 shares of the company’s stock, valued at approximately $217,773.45. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,160,559 shares of company stock valued at $81,744,364. Insiders own 28.98% of the company’s stock.
Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Tableau Software by 10.6% in 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 during the last quarter. BlackRock Inc. increased its stake in shares of Tableau Software by 9.0% in 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 during the last quarter. FMR LLC increased its stake in shares of Tableau Software by 44.8% in 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 during the last quarter. Renaissance Technologies LLC boosted its holdings in Tableau Software by 131.7% in the first quarter. Renaissance Technologies LLC now owns 1,703,500 shares of the software company’s stock worth $84,408,000 after purchasing an additional 968,400 shares during the period. Finally, Artisan Partners Limited Partnership acquired a new position in Tableau Software in the second quarter worth $85,555,000. Institutional investors and hedge funds own 77.61% 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.
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