Tableau Software (NYSE:DATA) had its price objective boosted by Royal Bank of Canada to $120.00 in a research note issued to investors on Wednesday, The Fly reports. Royal Bank of Canada currently has a market perform rating on the software company’s stock.
Other research analysts also recently issued research reports about the stock. Bank of America boosted their price target on shares of Tableau Software from $130.00 to $140.00 and gave the stock a buy rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their price target on shares of Tableau Software to $125.00 and gave the stock an overweight rating in a research report on Wednesday. Citigroup set a $140.00 price target on shares of Tableau Software and gave the stock a buy rating in a research report on Tuesday, September 18th. Morgan Stanley boosted their price target on shares of Tableau Software from $90.00 to $119.00 and gave the stock a hold rating in a research report on Monday, July 23rd. Finally, Goldman Sachs Group restated a buy rating and issued a $130.00 price target (up previously from $110.00) on shares of Tableau Software in a research report on Monday, July 23rd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Tableau Software currently has an average rating of Hold and a consensus price target of $116.27.
NYSE:DATA traded down $5.55 during mid-day trading on Wednesday, hitting $114.11. 3,122,988 shares of the company’s stock were exchanged, compared to its average volume of 1,050,514. Tableau Software has a fifty-two week low of $68.37 and a fifty-two week high of $125.50. The company has a market cap of $10.05 billion, a PE ratio of -48.76 and a beta of 1.34.
Tableau Software (NYSE:DATA) last posted its earnings results on Tuesday, November 6th. The software company reported ($0.82) EPS for the quarter, missing the consensus estimate of ($0.67) by ($0.15). Tableau Software had a negative return on equity of 26.14% and a negative net margin of 22.39%. The business had revenue of $239.60 million for the quarter, compared to analyst estimates of $242.19 million. During the same quarter in the prior year, the business earned $0.08 earnings per share. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. On average, equities analysts predict that Tableau Software will post -2.75 earnings per share for the current fiscal year.
In related news, Director William Bosworth sold 324 shares of the business’s stock in a transaction on Friday, August 24th. The shares were sold at an average price of $103.64, for a total transaction of $33,579.36. Following the transaction, the director now owns 10,027 shares in the company, valued at approximately $1,039,198.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Adam Selipsky sold 3,400 shares of the business’s stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $112.31, for a total transaction of $381,854.00. Following the transaction, the insider now owns 263,428 shares in the company, valued at approximately $29,585,598.68. The disclosure for this sale can be found here. Insiders have sold a total of 216,672 shares of company stock worth $22,674,095 in the last quarter. 28.98% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in DATA. FMR LLC lifted its position in shares of Tableau Software by 4,138.8% during the 2nd quarter. FMR LLC now owns 2,323,496 shares of the software company’s stock valued at $227,122,000 after acquiring an additional 2,268,681 shares during the period. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Tableau Software during the 2nd quarter valued at $40,802,000. Carillon Tower Advisers Inc. increased its stake in Tableau Software by 61.7% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 959,019 shares of the software company’s stock valued at $93,743,000 after purchasing an additional 366,103 shares in the last quarter. BlackRock Inc. increased its stake in Tableau Software by 10.8% during the 2nd quarter. BlackRock Inc. now owns 3,572,065 shares of the software company’s stock valued at $349,168,000 after purchasing an additional 348,593 shares in the last quarter. Finally, Baillie Gifford & Co. increased its stake in Tableau Software by 11.7% during the 2nd quarter. Baillie Gifford & Co. now owns 1,716,736 shares of the software company’s stock valued at $167,811,000 after purchasing an additional 179,906 shares in the last quarter. Institutional investors own 82.67% of the company’s stock.
Tableau Software Company Profile
Tableau Software, Inc provides business analytics software products. It offers Tableau Desktop, an analytics product that empowers people to access and analyze data; and Tableau Server, a business intelligence platform with data management and scalability to foster sharing of analytics, as well as to enhance the dissemination of information in an organization and promote decision-making.
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