Tableau Software Inc. (DATA) Given “Outperform” Rating at Wedbush
Wedbush reiterated their outperform rating on shares of Tableau Software Inc. (NYSE:DATA) in a research report report published on Friday morning. They currently have a $65.00 target price on the software company’s stock, down from their previous target price of $70.00.
Several other brokerages have also commented on DATA. Vetr lowered Tableau Software from a strong-buy rating to a buy rating and set a $58.48 price objective for the company. in a report on Tuesday, July 19th. DA Davidson lowered Tableau Software from a buy rating to a neutral rating and decreased their price objective for the company from $101.00 to $59.00 in a report on Wednesday, August 3rd. Deutsche Bank AG decreased their price objective on Tableau Software from $65.00 to $60.00 and set a hold rating for the company in a report on Wednesday, August 3rd. Cowen and Company reissued a market perform rating and issued a $53.00 target price on shares of Tableau Software in a research report on Monday, August 1st. Finally, Royal Bank Of Canada downgraded Tableau Software from an outperform rating to a sector perform rating and set a $65.00 target price on the stock. in a research report on Thursday, August 25th. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $68.41.
Tableau Software (NYSE:DATA) traded down 0.75% on Friday, reaching $47.67. The company’s stock had a trading volume of 408,052 shares. Tableau Software has a 52-week low of $36.60 and a 52-week high of $104.92. The stock’s 50 day moving average price is $54.90 and its 200 day moving average price is $52.35. The firm’s market cap is $3.59 billion.
In other Tableau Software news, VP Kelly Wright sold 1,025 shares of the company’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $54.53, for a total value of $55,893.25. Following the sale, the vice president now owns 304,937 shares of the company’s stock, valued at $16,628,214.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Thomas E. Walker, Jr. sold 40,000 shares of the company’s stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $60.00, for a total transaction of $2,400,000.00. Following the completion of the sale, the chief financial officer now directly owns 144,856 shares in the company, valued at approximately $8,691,360. The disclosure for this sale can be found here. Company insiders own 28.98% of the company’s stock.
Several hedge funds have recently made changes to their positions in DATA. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Tableau Software during the first quarter valued at about $800,000. TIAA CREF Investment Management LLC increased its stake in shares of Tableau Software by 33.0% in the first quarter. TIAA CREF Investment Management LLC now owns 258,982 shares of the software company’s stock valued at $11,880,000 after buying an additional 64,201 shares during the period. BlackRock Inc. increased its stake in shares of Tableau Software by 33.9% in the first quarter. BlackRock Inc. now owns 45,006 shares of the software company’s stock valued at $2,065,000 after buying an additional 11,390 shares during the period. NN Investment Partners Holdings N.V. acquired a new stake in shares of Tableau Software during the first quarter valued at about $720,000. Finally, Palisade Capital Management LLC NJ increased its stake in shares of Tableau Software by 1.2% in the first quarter. Palisade Capital Management LLC NJ now owns 25,605 shares of the software company’s stock valued at $1,175,000 after buying an additional 295 shares during the period. 70.66% of the stock is currently owned by institutional investors.
About Tableau Software
Tableau Software, Inc (Tableau) offers software products. The Company’s technologies include visual query language (VizQL), a visual query language that translates drag-and-drop actions into data queries and then expresses the information visually, and Hybrid Data Architecture, which combines the Company’s Live Query and In-Memory Data Engines technologies.
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