Tableau Software, Inc. (NYSE:DATA)‘s stock had its “buy” rating reaffirmed by analysts at Barclays PLC in a note issued to investors on Wednesday. They presently have a $80.00 price target on the software company’s stock. Barclays PLC’s price target suggests a potential upside of 3.60% from the company’s previous close.
A number of other brokerages have also issued reports on DATA. Robert W. Baird set a $68.00 target price on Tableau Software and gave the company a “hold” rating in a research report on Friday, October 6th. Jefferies Group LLC reiterated a “hold” rating and set a $58.00 target price on shares of Tableau Software in a research report on Sunday, October 8th. KeyCorp reiterated a “buy” rating and set a $85.00 target price on shares of Tableau Software in a research report on Friday, October 6th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $75.00 target price (up previously from $70.00) on shares of Tableau Software in a research report on Wednesday. Finally, Wedbush reiterated an “outperform” rating and set a $84.00 target price on shares of Tableau Software in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Tableau Software currently has a consensus rating of “Hold” and an average price target of $67.00.
Shares of Tableau Software (DATA) opened at 77.22 on Wednesday. Tableau Software has a 52-week low of $41.41 and a 52-week high of $78.14. The company’s market cap is $6.11 billion. The stock’s 50 day moving average is $74.57 and its 200 day moving average is $64.30.
Tableau Software (NYSE:DATA) last released its quarterly earnings data on Wednesday, August 2nd. The software company reported $0.10 EPS for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $210.72 million. The business’s quarterly revenue was up 7.3% on a year-over-year basis. Equities analysts forecast that Tableau Software will post $0.23 EPS for the current year.
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In related news, insider Adam Selipsky sold 3,200 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $72.28, for a total transaction of $231,296.00. Following the completion of the transaction, the insider now directly owns 216,230 shares in the company, valued at approximately $15,629,104.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Keenan Michael Conder sold 6,800 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $68.22, for a total value of $463,896.00. Following the transaction, the executive vice president now owns 86,164 shares of the company’s stock, valued at $5,878,108.08. The disclosure for this sale can be found here. Insiders have sold a total of 1,160,559 shares of company stock valued at $81,744,364 over the last 90 days. 28.98% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in the stock. Lord Abbett & CO. LLC purchased a new position in Tableau Software during the 2nd quarter valued at about $11,938,000. Dynamic Technology Lab Private Ltd boosted its holdings in Tableau Software by 68.0% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 14,011 shares of the software company’s stock valued at $858,000 after acquiring an additional 5,669 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in Tableau Software by 80.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 25,003 shares of the software company’s stock valued at $1,532,000 after acquiring an additional 11,155 shares during the period. Sterling Capital Management LLC purchased a new position in Tableau Software during the 2nd quarter valued at about $1,607,000. Finally, Nomura Holdings Inc. purchased a new position in Tableau Software during the 2nd quarter valued at about $491,000. Institutional investors own 77.61% of the company’s stock.
Tableau Software Company Profile
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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