Tableau Software Inc (NYSE:DATA) Given Consensus Recommendation of “Hold” by Analysts

Tableau Software Inc (NYSE:DATA) has been assigned an average rating of “Hold” from the twenty-three ratings firms that are currently covering the firm, Marketbeat.com reports. Fourteen investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $149.94.

A number of analysts recently commented on DATA shares. ValuEngine cut Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Deutsche Bank set a $33.00 price objective on Urban Outfitters and gave the stock a “hold” rating in a research report on Monday, June 10th. Goldman Sachs Group started coverage on HubSpot in a research report on Friday, June 7th. They set a “buy” rating and a $223.00 price objective for the company. BTIG Research cut Tableau Software from a “buy” rating to a “neutral” rating in a research report on Monday, June 10th. Finally, Sanford C. Bernstein cut Tableau Software from an “outperform” rating to a “market perform” rating and set a $167.00 price objective for the company. in a research report on Tuesday, July 2nd.

In related news, insider Adam Selipsky sold 5,668 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $114.62, for a total transaction of $649,666.16. Following the transaction, the insider now directly owns 227,047 shares of the company’s stock, valued at approximately $26,024,127.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Damon A. Fletcher sold 3,101 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $121.06, for a total value of $375,407.06. Following the transaction, the chief financial officer now directly owns 48,955 shares in the company, valued at $5,926,492.30. The disclosure for this sale can be found here. Insiders have sold a total of 57,781 shares of company stock worth $6,962,045 over the last three months. 12.58% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of DATA. Carroll Financial Associates Inc. increased its holdings in Tableau Software by 69.4% during the 1st quarter. Carroll Financial Associates Inc. now owns 271 shares of the software company’s stock worth $34,000 after purchasing an additional 111 shares during the last quarter. Neuburgh Advisers LLC bought a new stake in shares of Tableau Software in the 4th quarter valued at approximately $46,000. Pittenger & Anderson Inc. increased its holdings in shares of Tableau Software by 100.0% in the 1st quarter. Pittenger & Anderson Inc. now owns 500 shares of the software company’s stock valued at $64,000 after acquiring an additional 250 shares during the last quarter. Manchester Capital Management LLC bought a new stake in shares of Tableau Software in the 1st quarter valued at approximately $72,000. Finally, Stephens Inc. AR increased its holdings in shares of Tableau Software by 335.9% in the 1st quarter. Stephens Inc. AR now owns 571 shares of the software company’s stock valued at $73,000 after acquiring an additional 440 shares during the last quarter. Institutional investors own 88.59% of the company’s stock.

Tableau Software stock traded down $1.23 during midday trading on Tuesday, reaching $172.59. The company’s stock had a trading volume of 771,813 shares, compared to its average volume of 1,491,491. Tableau Software has a fifty-two week low of $94.81 and a fifty-two week high of $177.59. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.25. The company’s 50 day simple moving average is $158.25. The company has a market capitalization of $14.87 billion, a price-to-earnings ratio of -54.10 and a beta of 1.49.

Tableau Software (NYSE:DATA) last released its earnings results on Thursday, May 2nd. The software company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.58) by $0.60. Tableau Software had a negative return on equity of 25.93% and a negative net margin of 27.58%. The company had revenue of $282.50 million during the quarter, compared to the consensus estimate of $287.24 million. During the same quarter last year, the company earned $0.07 earnings per share. Tableau Software’s quarterly revenue was up 14.7% compared to the same quarter last year. As a group, equities analysts predict that Tableau Software will post -0.76 EPS for the current year.

About Tableau Software

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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