Tableau Software, Inc. (NYSE:DATA)‘s stock had its “hold” rating restated by equities research analysts at Royal Bank Of Canada in a report released on Wednesday. They presently have a $75.00 price objective on the software company’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 5.37% from the stock’s current price.
Several other brokerages have also recently weighed in on DATA. Maxim Group restated a “sell” rating and set a $40.00 price objective on shares of Tableau Software in a research note on Friday, November 3rd. BMO Capital Markets raised their price objective on Tableau Software from $70.00 to $77.00 and gave the company a “market perform” rating in a research note on Friday, November 3rd. They noted that the move was a valuation call. Barclays PLC restated an “overweight” rating and set a $76.00 price objective (up from $72.00) on shares of Tableau Software in a research note on Wednesday, August 9th. Jefferies Group LLC dropped their price objective on Tableau Software from $70.00 to $67.00 and set a “hold” rating on the stock in a research note on Friday, November 3rd. Finally, Bank of America Corporation raised their price objective on Tableau Software from $84.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $71.24.
Tableau Software (DATA) opened at $71.18 on Wednesday. Tableau Software has a 52 week low of $41.41 and a 52 week high of $82.32.
Tableau Software (NYSE:DATA) last issued its quarterly earnings data on Thursday, November 2nd. The software company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.07. Tableau Software had a negative return on equity of 20.89% and a negative net margin of 18.76%. The business had revenue of $214.90 million for the quarter, compared to analysts’ expectations of $219.43 million. During the same period last year, the business earned $0.16 EPS. The business’s revenue was up 4.3% on a year-over-year basis. sell-side analysts expect that Tableau Software will post -1.63 EPS for the current year.
In other news, CEO Adam Selipsky sold 1,600 shares of the business’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $71.92, for a total transaction of $115,072.00. Following the completion of the transaction, the chief executive officer now owns 216,230 shares of the company’s stock, valued at $15,551,261.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Andrew Beers sold 3,933 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $70.39, for a total value of $276,843.87. Following the transaction, the insider now directly owns 264,607 shares of the company’s stock, valued at approximately $18,625,686.73. The disclosure for this sale can be found here. Insiders have sold 582,981 shares of company stock valued at $41,212,723 in the last three months. 24.76% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Kensico Capital Management Corp lifted its position in Tableau Software by 38.8% in the 3rd quarter. Kensico Capital Management Corp now owns 1,443,828 shares of the software company’s stock worth $108,128,000 after buying an additional 403,828 shares during the last quarter. Nicholas Investment Partners LP bought a new stake in Tableau Software in the 3rd quarter worth approximately $3,452,000. Convergence Investment Partners LLC bought a new stake in Tableau Software in the 3rd quarter worth approximately $1,598,000. Invictus RG bought a new stake in Tableau Software in the 3rd quarter worth approximately $123,000. Finally, Stifel Financial Corp bought a new stake in Tableau Software in the 3rd quarter worth approximately $243,000. Institutional investors own 78.23% 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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