Zacks Investment Research Downgrades Tableau Software, Inc. (DATA) to Hold
Tableau Software, Inc. (NYSE:DATA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.
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. “
DATA has been the topic of a number of other research reports. Deutsche Bank AG boosted their price objective on Tableau Software from $65.00 to $70.00 and gave the stock a “hold” rating in a research note on Thursday, August 3rd. ValuEngine downgraded Tableau Software from a “hold” rating to a “sell” rating in a research note on Thursday, July 20th. Barclays PLC reissued an “overweight” rating and issued a $76.00 price objective (up previously from $72.00) on shares of Tableau Software in a research note on Thursday, August 3rd. BidaskClub raised Tableau Software from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Finally, Wedbush dropped their price objective on Tableau Software from $74.00 to $64.00 and set an “outperform” rating on the stock in a research note on Friday, May 26th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $64.82.
Tableau Software (DATA) opened at 72.85 on Thursday. The stock has a 50 day moving average price of $69.35 and a 200-day moving average price of $60.01. The stock’s market cap is $5.76 billion. Tableau Software has a 12 month low of $41.41 and a 12 month high of $73.37.
Tableau Software (NYSE:DATA) last posted its quarterly earnings data on Wednesday, August 2nd. The software company reported $0.10 EPS for the quarter, topping the Zacks’ 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 company had revenue of $212.90 million for the quarter, compared to the consensus estimate of $210.72 million. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, analysts expect that Tableau Software will post $0.22 EPS for the current year.
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In other news, EVP Keenan Michael Conder sold 6,800 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $68.22, for a total transaction of $463,896.00. Following the completion of the sale, the executive vice president now owns 86,164 shares in the company, valued at approximately $5,878,108.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Adam Selipsky sold 3,200 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $72.28, for a total value of $231,296.00. Following the sale, the insider now owns 216,230 shares of the company’s stock, valued at approximately $15,629,104.40. The disclosure for this sale can be found here. Insiders sold 1,160,559 shares of company stock worth $81,744,364 in the last 90 days. Corporate insiders own 28.98% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in DATA. Teachers Advisors LLC boosted its stake in shares of Tableau Software by 21.9% during the 4th quarter. Teachers Advisors LLC now owns 56,161 shares of the software company’s stock worth $2,367,000 after acquiring an additional 10,086 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Tableau Software during the 1st quarter worth about $540,000. Wells Fargo & Company MN boosted its stake in shares of Tableau Software by 514.6% during the 1st quarter. Wells Fargo & Company MN now owns 373,762 shares of the software company’s stock worth $18,520,000 after acquiring an additional 312,951 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Tableau Software by 141.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 104,100 shares of the software company’s stock worth $5,158,000 after acquiring an additional 60,900 shares in the last quarter. Finally, American Century Companies Inc. bought a new stake in shares of Tableau Software during the 1st quarter worth about $38,858,000. Institutional investors own 78.00% of the company’s stock.
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.
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