Zacks Investment Research cut shares of Tableau Software Inc. (NYSE:DATA) from a hold rating to a sell rating in a report released on Tuesday morning.

According to Zacks, “Tableau Software, Inc. engages in providing analytics and data visualization software. The company offers Tableau Desktop, Tableau Server and Tableau Public. It also provides related maintenance and support, and professional and training services. The Company’s product helps a single user on a laptop analyze data from a simple spreadsheet, or to enable thousands of users across an enterprise to execute queries against databases. Tableau Software, Inc. is headquartered in Seattle, Washington. “

DATA has been the subject of several other reports. Summit Redstone reiterated a hold rating and set a $53.00 price objective on shares of Tableau Software in a research note on Tuesday, July 19th. Bank of America Corp. reiterated a buy rating and set a $75.00 price objective on shares of Tableau Software in a research note on Friday, August 5th. Wedbush reiterated an outperform rating and set a $70.00 price objective on shares of Tableau Software in a research note on Monday, August 22nd. Cowen and Company reiterated a market perform rating and set a $53.00 price objective on shares of Tableau Software in a research note on Monday, August 1st. Finally, Oppenheimer Holdings Inc. began coverage on Tableau Software in a research note on Monday, August 15th. They set an outperform rating and a $62.00 price objective for the company. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $68.41.

Analyst Recommendations for Tableau Software (NYSE:DATA)

Shares of Tableau Software (NYSE:DATA) opened at 47.23 on Tuesday. The firm’s market cap is $3.56 billion. Tableau Software has a 12-month low of $36.60 and a 12-month high of $104.92. The company has a 50-day moving average of $54.21 and a 200 day moving average of $52.47.

In related news, CFO Thomas E. Walker, Jr. sold 1,410 shares of the stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $54.54, for a total transaction of $76,901.40. Following the completion of the sale, the chief financial officer now directly owns 104,856 shares of the company’s stock, valued at $5,718,846.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Kelly Wright sold 1,025 shares of the stock in a transaction that occurred on 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 directly owns 304,937 shares of the company’s stock, valued at $16,628,214.61. The disclosure for this sale can be found here. 28.98% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of DATA. Brookside Capital Management LLC increased its stake in shares of Tableau Software by 32.6% in the first quarter. Brookside Capital Management LLC now owns 2,067,752 shares of the software company’s stock worth $94,848,000 after buying an additional 508,854 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of Tableau Software during the first quarter valued at $2,956,000. AMP Capital Investors Ltd raised its position in shares of Tableau Software by 126.9% in the first quarter. AMP Capital Investors Ltd now owns 80,090 shares of the software company’s stock valued at $3,632,000 after buying an additional 44,796 shares during the period. Renaissance Technologies LLC raised its position in shares of Tableau Software by 114.2% in the first quarter. Renaissance Technologies LLC now owns 257,300 shares of the software company’s stock valued at $11,802,000 after buying an additional 137,200 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Tableau Software by 5.3% in the first quarter. Geode Capital Management LLC now owns 313,798 shares of the software company’s stock valued at $14,384,000 after buying an additional 15,756 shares during the period. 70.66% of the stock is owned by institutional investors.

Tableau Software Company Profile

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.

5 Day Chart for NYSE:DATA

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