Tableau Software (DATA) Price Target Raised to $120.00

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Tableau Software (NYSE:DATA) had its target price upped by Royal Bank of Canada to $120.00 in a research report sent to investors on Wednesday morning, The Fly reports. The firm currently has a market perform rating on the software company’s stock.

Several other analysts have also issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Tableau Software to $125.00 and gave the stock an overweight rating in a research note on Wednesday. Bank of America upped their target price on shares of Tableau Software from $130.00 to $140.00 and gave the stock a buy rating in a research note on Wednesday. Maxim Group upped their target price on shares of Tableau Software from $107.00 to $127.00 and gave the stock a hold rating in a research note on Wednesday. Citigroup set a $148.00 target price on shares of Tableau Software and gave the stock a buy rating in a research note on Wednesday. Finally, Morgan Stanley set a $117.00 target price on shares of Tableau Software and gave the stock a hold rating in a research note on Wednesday, October 24th. Two 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. Tableau Software has a consensus rating of Hold and an average price target of $116.27.

Shares of NYSE DATA traded down $5.55 during trading on Wednesday, hitting $114.11. The stock had a trading volume of 3,122,988 shares, compared to its average volume of 1,050,514. Tableau Software has a 12 month low of $68.37 and a 12 month high of $125.50. The firm has a market cap of $10.05 billion, a price-to-earnings ratio of -48.76 and a beta of 1.34.

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 the Thomson Reuters’ consensus estimate of ($0.67) by ($0.15). Tableau Software had a negative return on equity of 26.14% and a negative net margin of 22.39%. The firm had revenue of $239.60 million during the quarter, compared to the consensus estimate of $242.19 million. During the same quarter in the previous year, the company earned $0.08 EPS. The business’s revenue was up 11.5% compared to the same quarter last year. Equities analysts forecast that Tableau Software will post -2.75 EPS for the current fiscal year.

In other Tableau Software news, CFO Damon A. Fletcher sold 407 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $102.78, for a total transaction of $41,831.46. Following the sale, the chief financial officer now directly owns 43,176 shares of the company’s stock, valued at $4,437,629.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Adam Selipsky sold 3,400 shares of the company’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $112.31, for a total transaction of $381,854.00. Following the sale, the insider now directly owns 263,428 shares in the company, valued at $29,585,598.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 216,672 shares of company stock valued at $22,674,095. 28.98% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Creative Planning lifted its holdings in Tableau Software by 10.3% during the third quarter. Creative Planning now owns 24,431 shares of the software company’s stock valued at $2,730,000 after purchasing an additional 2,276 shares during the last quarter. Brown Advisory Inc. purchased a new stake in Tableau Software during the second quarter valued at about $4,468,000. Partners Capital Investment Group LLP lifted its holdings in Tableau Software by 26.2% during the second quarter. Partners Capital Investment Group LLP now owns 56,259 shares of the software company’s stock valued at $5,499,000 after purchasing an additional 11,667 shares during the last quarter. Swiss National Bank lifted its holdings in Tableau Software by 5.8% during the second quarter. Swiss National Bank now owns 118,225 shares of the software company’s stock valued at $11,556,000 after purchasing an additional 6,500 shares during the last quarter. Finally, Wolverine Asset Management LLC lifted its holdings in Tableau Software by 29.2% during the second quarter. Wolverine Asset Management LLC now owns 35,394 shares of the software company’s stock valued at $3,459,000 after purchasing an additional 8,000 shares during the last quarter. 82.67% of the stock is currently owned by institutional investors and hedge funds.

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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The Fly

Analyst Recommendations for Tableau Software (NYSE:DATA)

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