Tableau Software, Inc. (DATA) Earns Hold Rating from Royal Bank Of Canada
Royal Bank Of Canada restated their hold rating on shares of Tableau Software, Inc. (NYSE:DATA) in a research report sent to investors on Wednesday. Royal Bank Of Canada currently has a $75.00 target price on the software company’s stock.
Several other research analysts have also recently commented on DATA. ValuEngine cut Tableau Software from a hold rating to a sell rating in a research report on Thursday, July 20th. Maxim Group reaffirmed a sell rating and issued a $30.00 target price on shares of Tableau Software in a research report on Tuesday, July 25th. BidaskClub cut Tableau Software from a buy rating to a hold rating in a research report on Tuesday, July 25th. Zacks Investment Research raised Tableau Software from a sell rating to a hold rating in a report on Tuesday, July 25th. Finally, KeyCorp reissued a buy rating and set a $67.00 price objective on shares of Tableau Software in a report on Sunday, July 30th. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Tableau Software has a consensus rating of Hold and an average target price of $71.24.
Shares of Tableau Software (DATA) traded down $0.12 during mid-day trading on Wednesday, reaching $70.19. The company had a trading volume of 858,273 shares, compared to its average volume of 1,038,055. Tableau Software has a 52-week low of $41.41 and a 52-week high of $82.32.
Tableau Software (NYSE:DATA) last issued its earnings results on Thursday, November 2nd. The software company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.01 by $0.07. The firm had revenue of $214.90 million during the quarter, compared to analysts’ expectations of $219.43 million. Tableau Software had a negative return on equity of 20.89% and a negative net margin of 18.76%. Tableau Software’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the business earned $0.16 earnings per share. analysts predict that Tableau Software will post -1.63 EPS for the current year.
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In other news, insider Adam Selipsky sold 3,200 shares of Tableau Software stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $72.28, for a total transaction of $231,296.00. Following the transaction, the insider now owns 216,230 shares in the company, valued at approximately $15,629,104.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director A Brooke Seawell sold 1,005 shares of Tableau Software 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 transaction, the director now owns 3,015 shares in the company, valued at approximately $217,773.45. The disclosure for this sale can be found here. Insiders have sold a total of 675,941 shares of company stock valued at $47,814,523 over the last 90 days. Corporate insiders own 28.98% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. ETF Managers Group LLC bought a new position in shares of Tableau Software during the 2nd quarter valued at about $119,000. Invictus RG bought a new position in shares of Tableau Software during the 3rd quarter valued at about $123,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of 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 in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of 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 in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of 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 in the last quarter. Institutional investors and hedge funds own 78.23% 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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