Tableau Software, Inc. (NYSE:DATA)‘s stock had its “buy” rating restated by analysts at Bank of America Corporation in a note issued to investors on Monday. They currently have a $76.00 price objective on the software company’s stock. Bank of America Corporation’s price objective suggests a potential upside of 20.85% from the stock’s previous close.
A number of other equities analysts have also commented on DATA. JMP Securities restated an “outperform” rating and issued a $65.00 price target on shares of Tableau Software in a research report on Monday, March 20th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $70.00 target price on shares of Tableau Software in a research note on Monday, March 20th. Wedbush reaffirmed an “outperform” rating and issued a $60.00 target price on shares of Tableau Software in a research note on Friday, March 31st. Vetr downgraded shares of Tableau Software from a “strong-buy” rating to a “buy” rating and set a $56.71 target price for the company. in a research note on Thursday, April 6th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Tableau Software in a research note on Thursday, April 6th. Four equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $61.87.
Tableau Software (DATA) traded up 1.61% on Monday, hitting $63.90. 332,641 shares of the company were exchanged. The firm’s market cap is $4.98 billion. Tableau Software has a one year low of $41.41 and a one year high of $67.10. The stock has a 50 day moving average price of $62.39 and a 200 day moving average price of $52.91.
Tableau Software (NYSE:DATA) last released its quarterly earnings results on Wednesday, May 3rd. The software company reported ($0.67) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.51) by $0.16. The firm had revenue of $199.90 million during the quarter, compared to analyst estimates of $200.91 million. Tableau Software had a negative net margin of 17.95% and a negative return on equity of 19.26%. The business’s revenue was up 16.4% compared to the same quarter last year. On average, equities research analysts forecast that Tableau Software will post $0.03 EPS for the current fiscal year.
In other Tableau Software news, Chairman Christian Chabot sold 250,000 shares of the company’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $60.05, for a total transaction of $15,012,500.00. Following the sale, the chairman now directly owns 253,806 shares of the company’s stock, valued at $15,241,050.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chris Stolte sold 150,000 shares of the company’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $60.15, for a total transaction of $9,022,500.00. Following the sale, the insider now directly owns 153,805 shares in the company, valued at $9,251,370.75. The disclosure for this sale can be found here. Insiders have sold 716,025 shares of company stock valued at $43,731,668 in the last 90 days. 28.98% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new stake in Tableau Software during the fourth quarter valued at about $1,918,000. State Street Corp raised its stake in Tableau Software by 2.1% in the fourth quarter. State Street Corp now owns 694,891 shares of the software company’s stock valued at $29,285,000 after buying an additional 14,395 shares during the period. Norges Bank purchased a new stake in Tableau Software during the fourth quarter valued at about $40,599,000. Teachers Advisors LLC raised its stake in Tableau Software by 21.9% in the fourth quarter. Teachers Advisors LLC now owns 56,161 shares of the software company’s stock valued at $2,367,000 after buying an additional 10,086 shares during the period. Finally, Merriman Wealth Management LLC purchased a new stake in Tableau Software during the first quarter valued at about $1,547,000. 75.95% of the stock is currently owned by hedge funds and other 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.
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