Tableau Software Inc (NYSE:DATA) had its price objective raised by BMO Capital Markets from $55.00 to $64.00 in a research report sent to investors on Thursday, May 4th. BMO Capital Markets currently has an outperform rating on the software company’s stock.
Several other research firms also recently issued reports on DATA. Zacks Investment Research downgraded Tableau Software from a hold rating to a strong sell rating in a research note on Friday, February 3rd. William Blair reiterated a market perform rating on shares of Tableau Software in a research note on Monday, February 6th. Vetr downgraded Tableau Software from a strong-buy rating to a hold rating and set a $54.28 price target for the company. in a research note on Monday, February 6th. Mitsubishi UFJ Financial Group reissued an underweight rating and set a $44.00 price objective (up previously from $42.00) on shares of Tableau Software in a research report on Monday, February 6th. Finally, OTR Global raised Tableau Software to a positive rating in a research report on Friday, April 21st. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $59.25.
Shares of Tableau Software (NYSE:DATA) traded up 1.09% during midday trading on Thursday, hitting $60.34. The company had a trading volume of 1,130,257 shares. Tableau Software has a one year low of $41.41 and a one year high of $63.34. The firm’s market cap is $4.71 billion. The company’s 50 day moving average is $54.99 and its 200 day moving average is $49.50.
Tableau Software (NYSE:DATA) last released its quarterly earnings results on Wednesday, May 3rd. The software company reported ($0.67) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by $0.16. The company had revenue of $199.90 million for the quarter, compared to the consensus estimate of $200.91 million. Tableau Software had a negative return on equity of 18.89% and a negative net margin of 17.47%. The company’s revenue was up 16.4% on a year-over-year basis. Equities analysts forecast that Tableau Software will post $0.03 earnings per share for the current fiscal year.
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In other Tableau Software news, insider Chris Stolte sold 150,000 shares of Tableau Software stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $60.15, for a total value of $9,022,500.00. Following the sale, the insider now owns 153,805 shares of the company’s stock, valued at approximately $9,251,370.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Thomas E. Walker, Jr. sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $60.52, for a total value of $302,600.00. Following the completion of the transaction, the chief financial officer now owns 143,763 shares of the company’s stock, valued at approximately $8,700,536.76. The disclosure for this sale can be found here. Insiders sold a total of 572,620 shares of company stock worth $34,668,760 in the last three months. Company insiders own 28.98% of the company’s stock.
Several institutional investors have recently made changes to their positions in DATA. Winfield Associates Inc. boosted its position in shares of Tableau Software by 0.7% in the first quarter. Winfield Associates Inc. now owns 2,280 shares of the software company’s stock valued at $113,000 after buying an additional 15 shares during the last quarter. Westpac Banking Corp bought a new position in shares of Tableau Software during the first quarter valued at $126,000. Intellectus Partners LLC bought a new position in shares of Tableau Software during the fourth quarter valued at $135,000. FNY Partners Fund LP boosted its position in shares of Tableau Software by 14,900.0% in the first quarter. FNY Partners Fund LP now owns 3,000 shares of the software company’s stock valued at $148,000 after buying an additional 2,980 shares during the last quarter. Finally, Karp Capital Management Corp bought a new position in shares of Tableau Software during the first quarter valued at $200,000. Institutional investors own 70.40% 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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