Tableau Software (DATA) Price Target Raised to $140.00

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Tableau Software (NYSE:DATA) had its price target upped by Bank of America from $130.00 to $140.00 in a research note issued to investors on Wednesday. The brokerage currently has a “buy” rating on the software company’s stock. Bank of America’s price objective points to a potential upside of 15.66% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Goldman Sachs Group restated a “buy” rating and set a $130.00 target price (up previously from $110.00) on shares of Tableau Software in a research note on Monday, July 23rd. Stifel Nicolaus raised their target price on shares of Tableau Software from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, July 16th. Deutsche Bank upgraded shares of Tableau Software from a “hold” rating to a “buy” rating and raised their target price for the stock from $105.00 to $120.00 in a research note on Wednesday, August 1st. Citigroup reaffirmed a “buy” rating on shares of Tableau Software in a research report on Tuesday, July 31st. Finally, UBS Group reaffirmed a “buy” rating and set a $130.00 price target (up from $114.00) on shares of Tableau Software in a research report on Friday, August 3rd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $115.14.

Shares of NYSE DATA traded up $16.01 during mid-day trading on Wednesday, reaching $121.04. 71,067 shares of the company were exchanged, compared to its average volume of 914,838. The stock has a market cap of $8.86 billion, a PE ratio of -52.36 and a beta of 1.34. Tableau Software has a twelve month low of $68.37 and a twelve month high of $118.08.

Tableau Software (NYSE:DATA) last posted its earnings results on Tuesday, November 6th. The software company reported ($0.82) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.67) by ($0.15). The company had revenue of $239.60 million for the quarter, compared to analyst estimates of $242.19 million. Tableau Software had a negative return on equity of 24.51% and a negative net margin of 20.38%. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.08 EPS. On average, equities analysts anticipate that Tableau Software will post -2.71 EPS for the current fiscal year.

In other Tableau Software news, insider Adam Selipsky sold 3,400 shares of the firm’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $112.31, for a total value of $381,854.00. Following the transaction, the insider now directly owns 263,428 shares of the company’s stock, valued at approximately $29,585,598.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Hilarie A. Koplow sold 456 shares of the firm’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $100.80, for a total transaction of $45,964.80. Following the completion of the transaction, the director now directly owns 9,418 shares in the company, valued at $949,334.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 593,272 shares of company stock worth $61,386,007. Insiders own 19.22% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC acquired a new stake in shares of Tableau Software in the 2nd quarter valued at approximately $126,000. Penserra Capital Management LLC acquired a new stake in shares of Tableau Software in the 3rd quarter valued at approximately $156,000. Harvest Fund Management Co. Ltd boosted its stake in shares of Tableau Software by 158.7% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,816 shares of the software company’s stock valued at $203,000 after purchasing an additional 1,114 shares in the last quarter. LPL Financial LLC acquired a new stake in shares of Tableau Software in the 1st quarter valued at approximately $206,000. Finally, Pennsylvania Trust Co acquired a new stake in shares of Tableau Software in the 3rd quarter valued at approximately $210,000. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Tableau Software (NYSE:DATA)

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