Tableau Software, Inc. (NYSE:DATA) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.

Several other equities analysts have also commented on DATA. BMO Capital Markets upped their price target on Tableau Software from $55.00 to $64.00 and gave the company an “outperform” rating in a research note on Thursday, May 4th. Wunderlich upped their price target on Tableau Software from $55.00 to $65.00 and gave the company a “hold” rating in a research note on Thursday, May 4th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $75.00 price target on shares of Tableau Software in a research note on Thursday, May 4th. Deutsche Bank AG upped their price target on Tableau Software from $50.00 to $60.00 and gave the company a “hold” rating in a research note on Thursday, May 4th. Finally, Jefferies Group LLC upped their price target on Tableau Software from $50.00 to $52.00 and gave the company a “hold” rating in a research note on Thursday, May 4th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Tableau Software presently has an average rating of “Hold” and a consensus price target of $64.29.

Tableau Software (NYSE DATA) traded down 0.31% during mid-day trading on Friday, reaching $71.81. 590,070 shares of the company traded hands. The company’s 50 day moving average price is $67.03 and its 200 day moving average price is $58.85. Tableau Software has a 12-month low of $41.41 and a 12-month high of $73.37. The firm’s market capitalization is $5.68 billion.

Tableau Software (NYSE:DATA) last announced its quarterly earnings results on Wednesday, August 2nd. The software company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.15. Tableau Software had a negative return on equity of 18.71% and a negative net margin of 17.08%. The business had revenue of $212.90 million for the quarter, compared to analyst estimates of $210.72 million. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. Equities research analysts predict that Tableau Software will post $0.22 EPS for the current year.

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In related news, insider Chris Stolte sold 75,000 shares of the company’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $63.04, for a total value of $4,728,000.00. Following the completion of the sale, the insider now directly owns 78,702 shares of the company’s stock, valued at approximately $4,961,374.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director A Brooke Seawell sold 1,005 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $72.23, for a total value of $72,591.15. Following the completion of the sale, the director now directly owns 3,015 shares of the company’s stock, valued at $217,773.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,158,919 shares of company stock valued at $80,808,522. Insiders own 28.98% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of Tableau Software by 35,180.2% in the first quarter. BlackRock Inc. now owns 2,452,329 shares of the software company’s stock worth $121,514,000 after buying an additional 2,445,378 shares during the period. Artisan Partners Limited Partnership purchased a new stake in shares of Tableau Software during the second quarter worth about $85,555,000. Renaissance Technologies LLC boosted its stake in shares of Tableau Software by 131.7% in the first quarter. Renaissance Technologies LLC now owns 1,703,500 shares of the software company’s stock worth $84,408,000 after buying an additional 968,400 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Tableau Software by 340.7% in the second quarter. JPMorgan Chase & Co. now owns 1,065,931 shares of the software company’s stock worth $65,311,000 after buying an additional 824,067 shares during the period. Finally, American Century Companies Inc. purchased a new stake in shares of Tableau Software during the first quarter worth about $38,858,000. 76.72% of the stock is owned by hedge funds and other institutional investors.

About Tableau Software

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.

Analyst Recommendations for Tableau Software (NYSE:DATA)

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