Citigroup Inc. Reiterates Neutral Rating for Tableau Software Inc. (DATA)
Tableau Software Inc. (NYSE:DATA)‘s stock had its “neutral” rating reissued by stock analysts at Citigroup Inc. in a research report issued on Friday.
Several other equities analysts have also recently weighed in on the stock. Summit Redstone reaffirmed a “hold” rating and set a $53.00 price target on shares of Tableau Software in a research note on Tuesday, July 19th. Zacks Investment Research raised shares of Tableau Software from a “sell” rating to a “hold” rating in a research note on Tuesday, October 4th. Bank of America Corp. reaffirmed a “buy” rating and set a $75.00 price target on shares of Tableau Software in a research note on Friday, August 5th. Wedbush reaffirmed an “outperform” rating and set a $70.00 price target on shares of Tableau Software in a research note on Monday, August 22nd. Finally, Cowen and Company reaffirmed a “market perform” rating and set a $53.00 price target on shares of Tableau Software in a research note on Monday, August 1st. Four investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $62.14.
Tableau Software (NYSE:DATA) opened at 46.00 on Friday. The company’s 50-day moving average is $49.42 and its 200 day moving average is $52.41. Tableau Software has a 1-year low of $36.60 and a 1-year high of $98.68. The firm’s market capitalization is $3.50 billion.
Tableau Software (NYSE:DATA) last issued its quarterly earnings results on Tuesday, November 1st. The software company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.09. The company earned $206.10 million during the quarter, compared to analysts’ expectations of $213.87 million. Tableau Software had a negative net margin of 21.14% and a negative return on equity of 21.72%. The business’s quarterly revenue was up 20.7% on a year-over-year basis. During the same period last year, the business earned $0.14 EPS. On average, equities analysts expect that Tableau Software will post $0.30 EPS for the current fiscal year.
In related news, insider Andrew Beers sold 7,500 shares of the stock in a transaction on Friday, November 11th. The stock was sold at an average price of $47.13, for a total value of $353,475.00. Following the completion of the sale, the insider now directly owns 121,252 shares of the company’s stock, valued at approximately $5,714,606.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Thomas E. Walker, Jr. sold 40,000 shares of the stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $60.00, for a total value of $2,400,000.00. Following the completion of the sale, the chief financial officer now directly owns 144,856 shares of the company’s stock, valued at $8,691,360. The disclosure for this sale can be found here. Insiders own 28.98% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Matrix Capital Management Company LP bought a new stake in Tableau Software during the third quarter worth approximately $302,603,000. Vanguard Group Inc. raised its stake in Tableau Software by 6.8% in the second quarter. Vanguard Group Inc. now owns 3,881,467 shares of the software company’s stock worth $189,882,000 after buying an additional 248,285 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Tableau Software by 4.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,379,192 shares of the software company’s stock worth $76,228,000 after buying an additional 52,738 shares during the last quarter. HMI Capital LLC raised its stake in Tableau Software by 18.3% in the third quarter. HMI Capital LLC now owns 904,661 shares of the software company’s stock worth $50,001,000 after buying an additional 139,661 shares during the last quarter. Finally, Pine River Capital Management L.P. raised its stake in Tableau Software by 176.6% in the second quarter. Pine River Capital Management L.P. now owns 862,166 shares of the software company’s stock worth $42,177,000 after buying an additional 550,496 shares during the last quarter. 69.86% of the stock is owned by institutional investors and hedge funds.
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.
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