Tableau Software (DATA) Stock Rating Reaffirmed by Wedbush

Wedbush reissued their outperform rating on shares of Tableau Software (NYSE:DATA) in a research note released on Friday, The Fly reports. Wedbush currently has a $145.00 price target on the software company’s stock.

A number of other equities analysts have also recently issued reports on DATA. Zacks Investment Research upgraded Tableau Software from a hold rating to a buy rating and set a $133.00 target price on the stock in a report on Thursday, January 3rd. Barclays lifted their target price on Tableau Software to $137.00 and gave the stock an overweight rating in a report on Thursday, January 17th. OTR Global cut Tableau Software to a positive rating in a report on Thursday, January 31st. BMO Capital Markets lifted their target price on Tableau Software from $125.00 to $145.00 and gave the stock a market perform rating in a report on Wednesday, February 6th. Finally, Jefferies Financial Group lifted their target price on Tableau Software to $115.00 and gave the stock a hold rating in a report on Wednesday, February 6th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and an average target price of $135.43.

Shares of DATA stock opened at $122.65 on Friday. Tableau Software has a 1 year low of $90.29 and a 1 year high of $136.92. The firm has a market cap of $10.46 billion, a PE ratio of -38.45 and a beta of 1.19.

Tableau Software (NYSE:DATA) last issued its earnings results on Thursday, May 2nd. The software company reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.58) by $0.60. The business had revenue of $282.50 million for the quarter, compared to analysts’ expectations of $287.24 million. Tableau Software had a negative return on equity of 26.23% and a negative net margin of 27.58%. The company’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.07 EPS. Sell-side analysts predict that Tableau Software will post -0.76 earnings per share for the current year.

In other news, Chairman Christian Chabot sold 200,000 shares of the firm’s stock in a transaction on Friday, February 8th. The stock was sold at an average price of $121.68, for a total value of $24,336,000.00. Following the completion of the sale, the chairman now owns 203,536 shares of the company’s stock, valued at $24,766,260.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Chris Stolte sold 95,000 shares of the firm’s stock in a transaction on Friday, February 8th. The stock was sold at an average price of $120.13, for a total value of $11,412,350.00. Following the completion of the sale, the insider now directly owns 98,536 shares of the company’s stock, valued at approximately $11,837,129.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 752,046 shares of company stock valued at $91,574,008. 12.58% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of DATA. Carroll Financial Associates Inc. boosted its position in shares of Tableau Software by 69.4% in the first quarter. Carroll Financial Associates Inc. now owns 271 shares of the software company’s stock worth $34,000 after buying an additional 111 shares during the period. Advisors Asset Management Inc. acquired a new stake in Tableau Software during the fourth quarter valued at $39,000. Neuburgh Advisers LLC acquired a new stake in Tableau Software during the fourth quarter valued at $46,000. Rehmann Capital Advisory Group boosted its position in Tableau Software by 58.2% during the fourth quarter. Rehmann Capital Advisory Group now owns 571 shares of the software company’s stock valued at $69,000 after purchasing an additional 210 shares during the last quarter. Finally, Tradewinds Capital Management LLC boosted its position in Tableau Software by 47.1% during the fourth quarter. Tradewinds Capital Management LLC now owns 581 shares of the software company’s stock valued at $70,000 after purchasing an additional 186 shares during the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.

Tableau Software Company Profile

Tableau Software, Inc, together with its subsidiaries, provides business analytics software products. It offers Tableau Desktop, a self-service, powerful analytics product with data; Tableau Server, a business intelligence platform for organizations; Tableau Online, a hosted software-as-a-service version of Tableau Server; Tableau Prep, a data preparation product for combining, shaping, and cleaning data; and Tableau Public, a cloud-based platform for analyzing and sharing public data.

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Analyst Recommendations for Tableau Software (NYSE:DATA)

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