Shares of Tableau Software, Inc. (NYSE:DATA) have received an average rating of “Hold” from the thirty-seven research firms that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $65.18.
Several analysts recently weighed in on DATA shares. BidaskClub downgraded Tableau Software from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. Goldman Sachs Group, Inc. (The) upgraded Tableau Software from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $59.00 to $78.00 in a research report on Tuesday, June 13th. UBS AG restated a “buy” rating and set a $68.00 price objective (up from $60.00) on shares of Tableau Software in a research report on Thursday, May 25th. BTIG Research restated a “buy” rating and set a $65.00 price objective on shares of Tableau Software in a research report on Monday, May 15th. Finally, Bank of America Corporation increased their target price on Tableau Software from $72.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, May 30th.
Tableau Software (NYSE:DATA) traded up 1.11% on Friday, hitting $75.63. The company had a trading volume of 641,781 shares. The firm has a 50-day moving average price of $69.67 and a 200-day moving average price of $60.24. Tableau Software has a 12-month low of $41.41 and a 12-month high of $75.75. The firm’s market capitalization is $5.98 billion.
Tableau Software (NYSE:DATA) last announced its quarterly earnings data on Wednesday, August 2nd. The software company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.15. Tableau Software had a negative return on equity of 18.71% and a negative net margin of 17.08%. The business had revenue of $212.90 million during the quarter, compared to the consensus estimate of $210.72 million. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. On average, equities research analysts anticipate that Tableau Software will post $0.22 earnings per share for the current fiscal year.
In other Tableau Software news, Director William Bosworth sold 450 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The stock was 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 of the company’s stock, valued at $650,760.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Adam Selipsky sold 3,200 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $72.28, for a total value of $231,296.00. Following the completion of the sale, the insider now directly owns 216,230 shares of the company’s stock, valued at approximately $15,629,104.40. The disclosure for this sale can be found here. Insiders sold 1,160,559 shares of company stock valued at $81,744,364 in the last three months. Insiders own 28.98% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings 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 valued at $287,489,000 after purchasing an additional 450,910 shares in the last quarter. BlackRock Inc. lifted its holdings 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 valued at $163,756,000 after purchasing an additional 220,387 shares in the last quarter. FMR LLC lifted its holdings 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 valued at $146,279,000 after purchasing an additional 738,623 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Tableau Software by 131.7% in the first quarter. Renaissance Technologies LLC now owns 1,703,500 shares of the software company’s stock valued at $84,408,000 after purchasing an additional 968,400 shares in the last quarter. Finally, Artisan Partners Limited Partnership bought a new position in shares of Tableau Software in the second quarter valued at approximately $85,555,000. Institutional investors own 78.00% of the company’s stock.
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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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