Mizuho Reiterates Hold Rating for Tableau Software (DATA)

Tableau Software (NYSE:DATA)‘s stock had its “hold” rating reaffirmed by analysts at Mizuho in a report released on Wednesday. They presently have a $68.00 price objective on the software company’s stock. Mizuho’s price target points to a potential downside of 6.90% from the stock’s current price.

The analysts wrote, “We think 4Q results could print in-line; however, we see potential downside to consensus for the initial 2018 revenue outlook as the ratable mix continues to rise. Current valuation seems full, in our view, with limited potential upside to n-t estimates. We maintain our Neutral rating and $68 PT.””

Several other equities analysts also recently issued reports on DATA. Barclays reissued a “buy” rating and set a $80.00 price target on shares of Tableau Software in a report on Wednesday, October 11th. Needham & Company LLC began coverage on shares of Tableau Software in a report on Monday, October 23rd. They set a “buy” rating and a $98.00 price target for the company. Bank of America boosted their target price on shares of Tableau Software from $84.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, October 18th. KeyCorp reaffirmed a “buy” rating and issued a $85.00 target price on shares of Tableau Software in a research note on Friday, October 6th. Finally, BidaskClub downgraded shares of Tableau Software from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. Tableau Software presently has a consensus rating of “Hold” and an average price target of $72.11.

Shares of Tableau Software (NYSE:DATA) traded down $1.03 during trading on Wednesday, hitting $73.04. 531,700 shares of the stock traded hands, compared to its average volume of 674,492. Tableau Software has a 1-year low of $44.13 and a 1-year high of $82.32. The firm has a market cap of $5,870.00, a price-to-earnings ratio of -34.62 and a beta of 0.82.

Tableau Software (NYSE:DATA) last issued its earnings results 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 net margin of 18.76% and a negative return on equity of 20.89%. The business had revenue of $214.90 million for the quarter, compared to analyst estimates of $219.43 million. During the same period in the previous year, the business earned $0.16 EPS. The firm’s revenue was up 4.3% on a year-over-year basis. equities research analysts anticipate that Tableau Software will post -1.63 EPS for the current year.

In related news, insider Christian Chabot sold 450,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 231,820 shares in the company, valued at $16,340,991.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Thomas E. Walker, Jr. sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $71.39, for a total transaction of $356,950.00. Following the transaction, the chief financial officer now owns 137,478 shares of the company’s stock, valued at approximately $9,814,554.42. The disclosure for this sale can be found here. Over the last three months, insiders have sold 692,286 shares of company stock valued at $48,819,636. 28.98% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of DATA. Bank of New York Mellon Corp boosted its holdings in shares of Tableau Software by 5.4% in the third quarter. Bank of New York Mellon Corp now owns 233,562 shares of the software company’s stock valued at $17,492,000 after buying an additional 11,957 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Tableau Software by 10.8% in the third quarter. Schwab Charles Investment Management Inc. now owns 254,957 shares of the software company’s stock valued at $19,094,000 after buying an additional 24,776 shares during the period. Northern Trust Corp boosted its holdings in shares of Tableau Software by 5.8% in the second quarter. Northern Trust Corp now owns 283,245 shares of the software company’s stock valued at $17,355,000 after buying an additional 15,561 shares during the period. FMR LLC boosted its holdings in shares of Tableau Software by 44.8% in the second quarter. FMR LLC now owns 2,387,444 shares of the software company’s stock valued at $146,279,000 after buying an additional 738,623 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in shares of Tableau Software by 10.0% in the second quarter. New York State Common Retirement Fund now owns 132,440 shares of the software company’s stock valued at $8,115,000 after buying an additional 11,999 shares during the period. Hedge funds and other institutional investors own 81.29% of the company’s stock.

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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.

Analyst Recommendations for Tableau Software (NYSE:DATA)

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