Tableau Software Inc (NYSE:DATA) Receives $149.94 Consensus PT from Brokerages

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

Several brokerages recently issued reports on DATA. Sanford C. Bernstein lowered shares of Tableau Software from an “outperform” rating to a “market perform” rating and set a $167.00 target price on the stock. in a research note on Tuesday, July 2nd. Zacks Investment Research raised shares of Tableau Software from a “hold” rating to a “buy” rating and set a $189.00 target price on the stock in a research note on Wednesday, July 3rd. BMO Capital Markets cut their target price on shares of Tableau Software from $145.00 to $140.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 23rd. First Analysis lowered shares of Tableau Software from an “outperform” rating to a “neutral” rating and set a $164.06 target price on the stock. in a research note on Wednesday, June 12th. Finally, Deutsche Bank lowered shares of Tableau Software from a “buy” rating to a “hold” rating and set a $168.99 target price on the stock. in a research note on Monday, June 10th.

In other news, insider Adam Selipsky sold 11,828 shares of Tableau Software stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $122.08, for a total value of $1,443,962.24. Following the completion of the transaction, the insider now owns 239,813 shares in the company, valued at $29,276,371.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Damon A. Fletcher sold 3,101 shares of Tableau Software stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $121.06, for a total transaction of $375,407.06. Following the completion of the transaction, the chief financial officer now owns 48,955 shares of the company’s stock, valued at approximately $5,926,492.30. The disclosure for this sale can be found here. Insiders have sold 42,781 shares of company stock valued at $5,144,495 in the last 90 days. 12.58% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Vertex One Asset Management Inc. bought a new position in shares of Tableau Software in the second quarter valued at approximately $10,789,000. Northern Trust Corp lifted its position in Tableau Software by 0.7% during the second quarter. Northern Trust Corp now owns 435,564 shares of the software company’s stock valued at $72,313,000 after purchasing an additional 2,973 shares during the last quarter. Carlson Capital L P bought a new stake in Tableau Software during the second quarter valued at approximately $128,739,000. Partners Capital Investment Group LLP lifted its position in Tableau Software by 9.1% during the second quarter. Partners Capital Investment Group LLP now owns 53,867 shares of the software company’s stock valued at $8,943,000 after purchasing an additional 4,505 shares during the last quarter. Finally, GAM Holding AG bought a new stake in Tableau Software during the second quarter valued at approximately $5,346,000. Hedge funds and other institutional investors own 88.84% of the company’s stock.

Shares of NYSE DATA opened at $169.53 on Friday. The company has a market capitalization of $14.61 billion, a price-to-earnings ratio of -53.14 and a beta of 1.49. Tableau Software has a 12-month low of $94.81 and a 12-month high of $177.59. The business’s fifty day moving average is $170.67. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.62 and a current ratio of 2.62.

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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