Tableau Software (NYSE:DATA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note 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. “

Other analysts also recently issued reports about the stock. KeyCorp reiterated a “buy” rating and issued a $85.00 target price on shares of Tableau Software in a report on Friday, October 6th. Barclays reiterated a “buy” rating and issued a $80.00 target price on shares of Tableau Software in a report on Wednesday, October 11th. Needham & Company LLC started coverage on shares of Tableau Software in a report on Monday, October 23rd. They issued a “buy” rating and a $98.00 target price on the stock. Bank of America boosted their target price on shares of Tableau Software from $84.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. Finally, BidaskClub downgraded shares of Tableau Software from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 7th. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $72.11.

Tableau Software (NYSE:DATA) traded down $0.85 during mid-day trading on Tuesday, hitting $73.57. 722,241 shares of the company’s stock were exchanged, compared to its average volume of 582,243. Tableau Software has a one year low of $44.13 and a one year high of $82.32. The company has a market cap of $5,870.00, a P/E ratio of -34.87 and a beta of 0.82.

Tableau Software (NYSE:DATA) last released its earnings results on Thursday, November 2nd. The software company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.07. Tableau Software had a negative net margin of 18.76% and a negative return on equity of 20.89%. The business had revenue of $214.90 million for the quarter, compared to the consensus estimate of $219.43 million. During the same period in the previous year, the firm earned $0.16 EPS. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. sell-side analysts predict that Tableau Software will post -1.64 EPS for the current fiscal year.

In related news, CEO Adam Selipsky sold 7,272 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $70.67, for a total transaction of $513,912.24. Following the transaction, the chief executive officer now directly owns 237,592 shares of the company’s stock, valued at $16,790,626.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Thomas E. Walker, Jr. sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $71.39, for a total transaction of $356,950.00. Following the transaction, the chief financial officer now directly owns 137,478 shares in the company, valued at $9,814,554.42. The disclosure for this sale can be found here. Insiders have sold 692,286 shares of company stock worth $48,819,636 over the last ninety days. 24.76% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company grew its position in Tableau Software by 7.9% in the second quarter. The Manufacturers Life Insurance Company now owns 2,287 shares of the software company’s stock worth $140,000 after acquiring an additional 167 shares in the last quarter. State Board of Administration of Florida Retirement System grew its position in Tableau Software by 1.0% in the third quarter. State Board of Administration of Florida Retirement System now owns 77,351 shares of the software company’s stock worth $5,793,000 after acquiring an additional 730 shares in the last quarter. Legal & General Group Plc grew its position in Tableau Software by 4.4% in the second quarter. Legal & General Group Plc now owns 20,231 shares of the software company’s stock worth $1,239,000 after acquiring an additional 846 shares in the last quarter. Voya Investment Management LLC grew its position in Tableau Software by 4.5% in the second quarter. Voya Investment Management LLC now owns 23,038 shares of the software company’s stock worth $1,412,000 after acquiring an additional 983 shares in the last quarter. Finally, Garde Capital Inc. grew its position in Tableau Software by 9.7% in the third quarter. Garde Capital Inc. now owns 13,517 shares of the software company’s stock worth $1,012,000 after acquiring an additional 1,200 shares in the last quarter. 81.07% of the stock is currently owned by hedge funds and other institutional investors.

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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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