Tableau Software, Inc. (DATA) Stock Rating Lowered by Zacks Investment Research
Tableau Software, Inc. (NYSE:DATA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.
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 subject of a number of other research reports. Drexel Hamilton restated a “hold” rating on shares of Tableau Software in a research report on Monday, October 30th. Deutsche Bank AG raised their price objective on shares of Tableau Software from $65.00 to $70.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. ValuEngine downgraded shares of Tableau Software from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. Barclays PLC restated an “overweight” rating and issued a $76.00 price objective (up previously from $72.00) on shares of Tableau Software in a research report on Thursday, August 3rd. Finally, BidaskClub upgraded shares of Tableau Software from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $69.97.
Shares of Tableau Software (NYSE DATA) traded down $1.13 on Tuesday, hitting $70.27. 2,231,282 shares of the stock traded hands, compared to its average volume of 871,777. Tableau Software has a twelve month low of $41.41 and a twelve month high of $82.32.
Tableau Software (NYSE:DATA) last announced its earnings results on Thursday, November 2nd. The software company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.07. Tableau Software had a negative net margin of 18.76% and a negative return on equity of 20.72%. The business had revenue of $214.90 million during the quarter, compared to the consensus estimate of $219.43 million. During the same quarter in the prior year, the firm earned $0.16 earnings per share. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. research analysts expect that Tableau Software will post -1.59 EPS for the current fiscal year.
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In other Tableau Software news, EVP Keenan Michael Conder sold 6,800 shares of Tableau Software stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $68.22, for a total value of $463,896.00. Following the transaction, the executive vice president now owns 86,164 shares in the company, valued at approximately $5,878,108.08. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Adam Selipsky sold 3,200 shares of Tableau Software stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $72.15, for a total transaction of $230,880.00. Following the completion of the transaction, the insider now owns 213,030 shares in the company, valued at approximately $15,370,114.50. The disclosure for this sale can be found here. Insiders sold a total of 416,559 shares of company stock valued at $29,256,469 over the last ninety days. 24.76% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the business. 361 Capital LLC acquired a new position in shares of Tableau Software in the 3rd quarter valued at $933,000. Commonwealth Equity Services Inc acquired a new position in shares of Tableau Software in the 3rd quarter valued at $1,241,000. Quantbot Technologies LP boosted its holdings in shares of Tableau Software by 42.7% in the 3rd quarter. Quantbot Technologies LP now owns 12,125 shares of the software company’s stock valued at $908,000 after purchasing an additional 3,628 shares during the last quarter. Hanseatic Management Services Inc. acquired a new position in shares of Tableau Software in the 3rd quarter valued at $809,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Tableau Software by 5.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 233,562 shares of the software company’s stock valued at $17,492,000 after purchasing an additional 11,957 shares during the last quarter. Institutional investors own 77.86% 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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