Tableau Software, Inc. (DATA) Earns Hold Rating from Robert W. Baird

Robert W. Baird reiterated their hold rating on shares of Tableau Software, Inc. (NYSE:DATA) in a research report sent to investors on Sunday morning. They currently have a $76.00 target price on the software company’s stock.

Several other brokerages have also issued reports on DATA. BMO Capital Markets boosted their target price on Tableau Software from $70.00 to $77.00 and gave the company a market perform rating in a research note on Friday, November 3rd. They noted that the move was a valuation call. Jefferies Group LLC decreased their price objective on Tableau Software from $70.00 to $67.00 and set a hold rating on the stock in a research note on Friday, November 3rd. Morgan Stanley boosted their price objective on Tableau Software from $68.00 to $71.00 and gave the company an equal weight rating in a research note on Thursday, November 2nd. Mizuho reiterated a hold rating and set a $68.00 price objective on shares of Tableau Software in a research note on Thursday, November 2nd. Finally, Drexel Hamilton reiterated a hold rating on shares of Tableau Software in a research note on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Hold and an average target price of $72.11.

Shares of Tableau Software (NYSE DATA) opened at $69.68 on Friday. Tableau Software has a one year low of $41.41 and a one year high of $82.32.

Tableau Software (NYSE:DATA) last issued its earnings results on Thursday, November 2nd. The software company reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.07. The firm had revenue of $214.90 million for the quarter, compared to analyst estimates of $219.43 million. Tableau Software had a negative return on equity of 20.89% and a negative net margin of 18.76%. The business’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.16 earnings per share. analysts expect that Tableau Software will post -1.63 EPS for the current fiscal year.

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In other news, insider Christian Chabot sold 450,000 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $70.49, for a total value of $31,720,500.00. Following the completion of the sale, the insider now owns 231,820 shares of the company’s stock, valued at approximately $16,340,991.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Adam Selipsky sold 7,272 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $70.67, for a total value of $513,912.24. Following the completion of the sale, the chief executive officer now directly owns 237,592 shares of the company’s stock, valued at approximately $16,790,626.64. The disclosure for this sale can be found here. In the last three months, insiders sold 663,741 shares of company stock valued at $46,954,215. 24.76% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ETF Managers Group LLC bought a new position in Tableau Software during the 2nd quarter valued at approximately $119,000. Invictus RG bought a new position in Tableau Software during the 3rd quarter valued at approximately $123,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Tableau Software by 12.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,105 shares of the software company’s stock valued at $129,000 after purchasing an additional 231 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Tableau Software by 164.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,266 shares of the software company’s stock valued at $139,000 after purchasing an additional 1,409 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Tableau Software by 7.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,287 shares of the software company’s stock valued at $140,000 after purchasing an additional 167 shares during the last quarter. 82.67% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Tableau Software (NYSE:DATA)

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