Zacks Investment Research cut shares of Tableau Software, Inc. (NYSE:DATA) from a hold rating to a sell rating in a research report released on Tuesday, July 4th.

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. “

A number of other analysts also recently weighed in on the stock. Vetr raised shares of Tableau Software from a buy rating to a strong-buy rating and set a $57.96 target price on the stock in a research report on Monday, April 17th. BTIG Research initiated coverage on shares of Tableau Software in a research note on Monday, April 17th. They issued a buy rating and a $65.00 price target on the stock. Wunderlich upped their price target on shares of Tableau Software from $55.00 to $65.00 and gave the stock a hold rating in a research note on Thursday, May 4th. OTR Global upgraded shares of Tableau Software to a positive rating in a research note on Friday, April 21st. Finally, Deutsche Bank AG upped their price target on shares of Tableau Software from $50.00 to $60.00 and gave the stock a hold rating in a research note on Thursday, May 4th. Four research analysts have rated the stock with a sell rating, seventeen have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $63.90.

Tableau Software (NYSE DATA) traded up 2.16% on Tuesday, hitting $71.31. 1,562,141 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $63.64 and a 200-day moving average price of $56.16. Tableau Software has a 52-week low of $41.41 and a 52-week high of $71.53. The stock’s market cap is $5.60 billion.

Tableau Software (NYSE:DATA) last released its earnings results on Wednesday, August 2nd. The software company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.15. The firm had revenue of $212.90 million for the quarter, compared to the consensus estimate of $210.72 million. Tableau Software had a negative net margin of 17.08% and a negative return on equity of 18.67%. Tableau Software’s quarterly revenue was up 7.3% compared to the same quarter last year. Analysts predict that Tableau Software will post $0.18 earnings per share for the current fiscal year.

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In other Tableau Software news, Director Elliott H. Jurgensen, Jr. sold 8,000 shares of the stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $61.46, for a total transaction of $491,680.00. Following the completion of the sale, the director now directly owns 13,781 shares of the company’s stock, valued at approximately $846,980.26. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Chris Stolte sold 150,000 shares of the stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $60.15, for a total transaction of $9,022,500.00. Following the sale, the insider now directly owns 153,805 shares of the company’s stock, valued at $9,251,370.75. The disclosure for this sale can be found here. Insiders sold a total of 716,025 shares of company stock valued at $43,731,668 over the last three months. 28.98% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Winfield Associates Inc. increased its position in Tableau Software by 0.7% in the first quarter. Winfield Associates Inc. now owns 2,280 shares of the software company’s stock worth $113,000 after buying an additional 15 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Tableau Software by 0.5% in the first quarter. PNC Financial Services Group Inc. now owns 4,336 shares of the software company’s stock worth $215,000 after buying an additional 20 shares in the last quarter. Utah Retirement Systems increased its position in Tableau Software by 1.0% in the first quarter. Utah Retirement Systems now owns 10,000 shares of the software company’s stock worth $495,000 after buying an additional 100 shares in the last quarter. Public Employees Retirement Association of Colorado increased its position in Tableau Software by 1.1% in the second quarter. Public Employees Retirement Association of Colorado now owns 13,107 shares of the software company’s stock worth $803,000 after buying an additional 138 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its position in Tableau Software by 4.1% in the second quarter. Teacher Retirement System of Texas now owns 4,795 shares of the software company’s stock worth $294,000 after buying an additional 189 shares in the last quarter. Hedge funds and other institutional investors own 76.65% of the company’s stock.

Tableau Software Company Profile

Tableau Software, Inc (Tableau) offers software products. The Company’s products are used by people of diverse skill levels across all kinds of organizations. The Company’s products are used by people of skill levels across all kinds of organizations. Its technologies include visual query language (VizQL) and Hybrid Data Architecture.

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