Tableau Software (DATA) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research lowered shares of Tableau Software (NYSE:DATA) from a hold rating to a sell rating in a report published on Friday.

According to Zacks, “Tableau Software, Inc. engages in providing analytics and data visualization software. The company offers Tableau Desktop, Tableau Server and Tableau Public. It also provides related maintenance and support, and professional and training services. The Company’s product helps a single user on a laptop analyze data from a simple spreadsheet, or to enable thousands of users across an enterprise to execute queries against databases. Tableau Software, Inc. is headquartered in Seattle, Washington. “

Several other research analysts also recently issued reports on the stock. Maxim Group reissued a sell rating and set a $40.00 price objective on shares of Tableau Software in a research report on Friday, November 3rd. Bank of America raised their price objective on shares of Tableau Software from $84.00 to $90.00 and gave the stock a buy rating in a research report on Wednesday, October 18th. Royal Bank of Canada reissued a sector perform rating and set a $75.00 price objective (up from $70.00) on shares of Tableau Software in a research report on Wednesday, October 11th. KeyCorp reissued a buy rating and set a $85.00 price objective on shares of Tableau Software in a research report on Friday, October 6th. Finally, Morgan Stanley raised their price objective on shares of Tableau Software from $76.00 to $83.00 and gave the stock an equal weight rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $79.68.

Shares of Tableau Software (NYSE:DATA) opened at $80.12 on Friday. Tableau Software has a one year low of $47.30 and a one year high of $87.00. The company has a market cap of $6,390.00, a price-to-earnings ratio of -33.95 and a beta of 0.88.

Tableau Software (NYSE:DATA) last announced its quarterly earnings results on Thursday, February 1st. The software company reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.09. Tableau Software had a negative net margin of 21.16% and a negative return on equity of 23.76%. The firm had revenue of $249.40 million for the quarter, compared to analyst estimates of $240.63 million. During the same period last year, the business earned $0.26 EPS. Tableau Software’s revenue for the quarter was down .5% compared to the same quarter last year. research analysts expect that Tableau Software will post -1.61 EPS for the current year.

In related news, insider Christian Chabot sold 450,000 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $70.49, for a total transaction of $31,720,500.00. Following the sale, the insider now owns 231,820 shares of the company’s stock, valued at $16,340,991.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Adam Selipsky sold 1,600 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $68.45, for a total transaction of $109,520.00. Following the sale, the chief executive officer now directly owns 229,828 shares in the company, valued at approximately $15,731,726.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 692,286 shares of company stock worth $48,819,636. Insiders own 24.76% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its holdings in Tableau Software by 7.9% during the second quarter. The Manufacturers Life Insurance Company now owns 2,287 shares of the software company’s stock worth $140,000 after buying an additional 167 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in Tableau Software by 1.0% during the third quarter. State Board of Administration of Florida Retirement System now owns 77,351 shares of the software company’s stock worth $5,793,000 after buying an additional 730 shares in the last quarter. Voya Investment Management LLC boosted its holdings in Tableau Software by 4.5% during the second quarter. Voya Investment Management LLC now owns 23,038 shares of the software company’s stock worth $1,412,000 after buying an additional 983 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Tableau Software by 50.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,160 shares of the software company’s stock worth $219,000 after buying an additional 1,055 shares in the last quarter. Finally, Garde Capital Inc. boosted its holdings in Tableau Software by 9.7% during the third quarter. Garde Capital Inc. now owns 13,517 shares of the software company’s stock worth $1,012,000 after buying an additional 1,200 shares in the last quarter. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

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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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