Tableau Software Inc. (DATA) Stock Rating Reaffirmed by Pacific Crest
Tableau Software Inc. (NYSE:DATA)‘s stock had its “buy” rating reaffirmed by analysts at Pacific Crest in a report issued on Monday. They presently have a $60.00 price objective on the software company’s stock. Pacific Crest’s target price suggests a potential upside of 28.89% from the stock’s current price.
DATA has been the subject of a number of other reports. Zacks Investment Research cut Tableau Software from a “hold” rating to a “sell” rating in a report on Tuesday, October 18th. Wedbush reaffirmed an “outperform” rating and set a $65.00 price target (down from $70.00) on shares of Tableau Software in a report on Friday, October 14th. Oppenheimer Holdings Inc. set a $62.00 price target on Tableau Software and gave the company a “buy” rating in a report on Wednesday, September 14th. Vetr raised Tableau Software from a “hold” rating to a “buy” rating and set a $60.52 price target for the company in a report on Wednesday, August 31st. Finally, Drexel Hamilton reaffirmed a “buy” rating and set a $75.00 price target on shares of Tableau Software in a report on Wednesday, August 24th. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Tableau Software has a consensus rating of “Hold” and a consensus price target of $62.14.
Shares of Tableau Software (NYSE:DATA) traded down 1.27% during midday trading on Monday, hitting $45.96. The stock had a trading volume of 71,277 shares. The firm’s 50-day moving average price is $49.65 and its 200-day moving average price is $52.40. Tableau Software has a one year low of $36.60 and a one year high of $98.68. The firm’s market capitalization is $3.50 billion.
Tableau Software (NYSE:DATA) last issued its earnings results on Tuesday, November 1st. The software company reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.09. Tableau Software had a negative return on equity of 21.72% and a negative net margin of 21.14%. The business earned $206.10 million during the quarter, compared to analysts’ expectations of $213.87 million. During the same period in the prior year, the firm posted $0.14 EPS. Tableau Software’s quarterly revenue was up 20.7% compared to the same quarter last year. On average, equities analysts predict that Tableau Software will post $0.30 EPS for the current year.
In other Tableau Software news, insider Andrew Beers sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $47.13, for a total transaction of $353,475.00. Following the transaction, the insider now owns 121,252 shares of the company’s stock, valued at $5,714,606.76. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Kelly Wright sold 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $61.75, for a total value of $2,161,250.00. Following the transaction, the vice president now directly owns 299,837 shares in the company, valued at approximately $18,514,934.75. The disclosure for this sale can be found here. Company insiders own 28.98% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Marcus Capital LLC increased its position in shares of Tableau Software by 24.7% in the second quarter. Marcus Capital LLC now owns 54,550 shares of the software company’s stock worth $2,669,000 after buying an additional 10,800 shares during the period. Fisher Asset Management LLC increased its position in shares of Tableau Software by 2.4% in the second quarter. Fisher Asset Management LLC now owns 152,605 shares of the software company’s stock worth $7,694,000 after buying an additional 3,548 shares during the period. Creative Planning increased its position in shares of Tableau Software by 2,445.9% in the second quarter. Creative Planning now owns 5,601 shares of the software company’s stock worth $274,000 after buying an additional 5,381 shares during the period. Hollencrest Securities LLC acquired a new position in shares of Tableau Software during the second quarter worth $342,000. Finally, BlueMountain Capital Management LLC increased its position in shares of Tableau Software by 3,783.4% in the first quarter. BlueMountain Capital Management LLC now owns 17,048 shares of the software company’s stock worth $782,000 after buying an additional 16,609 shares during the period. 69.86% of the stock is currently owned by hedge funds and other 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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