Tableau Software, Inc. (NYSE:DATA)‘s stock had its “sector perform” rating reiterated by research analysts at Royal Bank Of Canada in a report issued on Wednesday. They currently have a $75.00 price target on the software company’s stock, up from their previous price target of $70.00. Royal Bank Of Canada’s price target indicates a potential downside of 2.87% from the stock’s current price.

Several other equities analysts have also recently weighed in on DATA. Barclays PLC reiterated an “overweight” rating and issued a $76.00 price target (up from $72.00) on shares of Tableau Software in a research report on Wednesday, August 9th. BMO Capital Markets lifted their price target on Tableau Software from $64.00 to $70.00 and gave the company a “market perform” rating in a research report on Thursday, August 3rd. Jefferies Group LLC reiterated a “hold” rating and issued a $58.00 price target on shares of Tableau Software in a research report on Sunday, October 8th. KeyCorp reiterated a “buy” rating and issued a $85.00 price target (up from $75.00) on shares of Tableau Software in a research report on Thursday, September 21st. Finally, Robert W. Baird set a $68.00 price target on Tableau Software and gave the company a “hold” rating in a research report on Friday, October 6th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $67.00.

Shares of Tableau Software (NYSE DATA) opened at 77.22 on Wednesday. The company’s market capitalization is $6.11 billion. The stock’s 50 day moving average price is $74.57 and its 200-day moving average price is $64.30. Tableau Software has a 52-week low of $41.41 and a 52-week high of $78.14.

Tableau Software (NYSE:DATA) last announced its quarterly earnings results on Wednesday, August 2nd. The software company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.15. The company had revenue of $212.90 million during the quarter, compared to analysts’ expectations of $210.72 million. Tableau Software had a negative return on equity of 18.71% and a negative net margin of 17.08%. Tableau Software’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, equities analysts expect that Tableau Software will post $0.23 earnings per share for the current year.

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In other news, insider Adam Selipsky sold 3,200 shares of the business’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $72.15, for a total value of $230,880.00. Following the completion of the sale, the insider now owns 213,030 shares of the company’s stock, valued at approximately $15,370,114.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Chris Stolte sold 225,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $70.59, for a total value of $15,882,750.00. Following the completion of the sale, the insider now directly owns 153,702 shares of the company’s stock, valued at approximately $10,849,824.18. The disclosure for this sale can be found here. In the last three months, insiders sold 1,160,559 shares of company stock valued at $81,744,364. 28.98% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in DATA. ETF Managers Group LLC purchased a new position in Tableau Software during the 2nd quarter valued at about $119,000. Westpac Banking Corp purchased a new position in Tableau Software during the 1st quarter valued at about $126,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Tableau Software by 12.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,105 shares of the software company’s stock valued at $129,000 after purchasing an additional 231 shares during the period. BNP Paribas Arbitrage SA increased its holdings in Tableau Software by 164.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,266 shares of the software company’s stock valued at $139,000 after purchasing an additional 1,409 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in Tableau Software by 7.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,287 shares of the software company’s stock valued at $140,000 after purchasing an additional 167 shares during the period. Institutional investors own 77.61% 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.

Analyst Recommendations for Tableau Software (NYSE:DATA)

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