Tableau Software Inc. (DATA) Stock Rating Reaffirmed by Wedbush
Tableau Software Inc. (NYSE:DATA)‘s stock had its “outperform” rating restated by research analysts at Wedbush in a research report issued on Thursday. They currently have a $53.00 target price on the software company’s stock. Wedbush’s price objective points to a potential upside of 11.79% from the company’s previous close.
Other equities analysts also recently issued reports about the stock. Stifel Nicolaus lifted their price target on shares of Tableau Software from $80.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, August 3rd. Vetr raised shares of Tableau Software from a “hold” rating to a “buy” rating and set a $58.48 target price for the company in a research note on Monday, July 25th. Bank of America Corp. reaffirmed a “buy” rating and issued a $75.00 target price on shares of Tableau Software in a research note on Friday, August 5th. Rosenblatt Securities initiated coverage on shares of Tableau Software in a research note on Monday, August 8th. They issued a “buy” rating and a $70.00 target price for the company. Finally, Oppenheimer Holdings Inc. reaffirmed a “buy” rating and issued a $62.00 target price on shares of Tableau Software in a research note on Tuesday, August 23rd. Four investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. Tableau Software presently has an average rating of “Hold” and an average price target of $63.11.
Tableau Software (NYSE:DATA) opened at 47.41 on Thursday. Tableau Software has a 1-year low of $36.60 and a 1-year high of $98.68. The company has a 50-day moving average of $49.65 and a 200-day moving average of $52.40. The firm’s market cap is $3.61 billion.
Tableau Software (NYSE:DATA) last announced its quarterly earnings results on Tuesday, November 1st. The software company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.09. Tableau Software had a negative net margin of 21.14% and a negative return on equity of 21.72%. The firm earned $206.10 million during the quarter, compared to the consensus estimate of $213.87 million. During the same period last year, the firm posted $0.14 EPS. The firm’s quarterly revenue was up 20.7% on a year-over-year basis. Analysts predict that Tableau Software will post $0.30 earnings per share for the current year.
In other Tableau Software news, Director Elliott H. Jurgensen, Jr. sold 3,242 shares of the stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $59.95, for a total transaction of $194,357.90. Following the sale, the director now directly owns 6,459 shares in the company, valued at $387,217.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Kelly Wright sold 1,025 shares of the stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $54.53, for a total transaction of $55,893.25. Following the sale, the vice president now owns 304,937 shares in the company, valued at $16,628,214.61. The disclosure for this sale can be found here. 28.98% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the company. IBM Retirement Fund increased its stake in shares of Tableau Software by 12.2% in the second quarter. IBM Retirement Fund now owns 5,549 shares of the software company’s stock worth $271,000 after buying an additional 604 shares during the last quarter. Highland Private Wealth Management purchased a new stake in shares of Tableau Software during the first quarter worth about $229,000. Riverhead Capital Management LLC purchased a new stake in shares of Tableau Software during the first quarter worth about $1,325,000. Nationwide Fund Advisors increased its stake in shares of Tableau Software by 11.3% in the second quarter. Nationwide Fund Advisors now owns 64,866 shares of the software company’s stock worth $3,173,000 after buying an additional 6,604 shares during the last quarter. Finally, Credit Agricole S A increased its stake in shares of Tableau Software by 1.3% in the first quarter. Credit Agricole S A now owns 8,099 shares of the software company’s stock worth $372,000 after buying an additional 102 shares during the last quarter. Hedge funds and other institutional investors own 69.86% of the company’s stock.
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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