Tableau Software (DATA) Issues Q4 Earnings Guidance

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Tableau Software (NYSE:DATA) updated its fourth quarter earnings guidance on Tuesday. The company provided EPS guidance of (0.08-0.10) for the period, compared to the Thomson Reuters consensus EPS estimate of $0.00. The company issued revenue guidance of $266-276 million, compared to the consensus revenue estimate of $270.69 million.

Several research firms recently issued reports on DATA. Citigroup set a $140.00 price target on shares of Tableau Software and gave the stock a buy rating in a report on Tuesday, September 18th. Morgan Stanley increased their price target on shares of Tableau Software from $90.00 to $119.00 and gave the stock a hold rating in a report on Monday, July 23rd. Goldman Sachs Group reissued a buy rating and set a $130.00 price target (up from $110.00) on shares of Tableau Software in a report on Monday, July 23rd. KeyCorp increased their price target on shares of Tableau Software from $125.00 to $131.00 and gave the stock an overweight rating in a report on Friday, August 3rd. Finally, BMO Capital Markets increased their price target on shares of Tableau Software from $102.00 to $125.00 and gave the stock a market perform rating in a report on Friday, August 3rd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Hold and an average target price of $112.05.

Shares of Tableau Software stock opened at $105.03 on Wednesday. Tableau Software has a 12-month low of $68.37 and a 12-month high of $118.08. The stock has a market capitalization of $8.86 billion, a price-to-earnings ratio of -44.88 and a beta of 1.34.

In other news, insider Chris Stolte sold 285,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $102.98, for a total transaction of $29,349,300.00. Following the completion of the transaction, the insider now directly owns 176,327 shares of the company’s stock, valued at approximately $18,158,154.46. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Adam Selipsky sold 6,827 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $102.76, for a total transaction of $701,542.52. Following the transaction, the chief executive officer now directly owns 270,208 shares of the company’s stock, valued at $27,766,574.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 593,272 shares of company stock valued at $61,386,007. Corporate insiders own 19.22% of the company’s stock.

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About Tableau Software

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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