Wall Street brokerages forecast that Tableau Software Inc (NYSE:DATA) will report sales of $322.41 million for the current fiscal quarter, according to Zacks Investment Research. Eleven analysts have made estimates for Tableau Software’s earnings, with estimates ranging from $318.00 million to $327.18 million. Tableau Software posted sales of $243.57 million in the same quarter last year, which suggests a positive year over year growth rate of 32.4%. The business is scheduled to announce its next earnings results on Thursday, August 1st.

According to Zacks, analysts expect that Tableau Software will report full year sales of $1.37 billion for the current fiscal year, with estimates ranging from $1.33 billion to $1.40 billion. For the next year, analysts anticipate that the business will report sales of $1.62 billion, with estimates ranging from $1.55 billion to $1.85 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Tableau Software.

Tableau Software (NYSE:DATA) last issued its quarterly earnings results on Thursday, May 2nd. The software company reported $0.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.58) by $0.60. The company had revenue of $282.50 million for the quarter, compared to the consensus estimate of $287.24 million. Tableau Software had a negative return on equity of 25.93% and a negative net margin of 27.58%. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.07 EPS.

DATA has been the topic of several recent analyst reports. BTIG Research lifted their price target on Tableau Software to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, February 6th. Stifel Nicolaus lifted their price target on Tableau Software to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, February 6th. Bank of America reaffirmed a “buy” rating and issued a $145.00 price target on shares of Tableau Software in a research report on Wednesday, February 6th. Deutsche Bank lifted their price objective on Tableau Software to $140.00 and gave the stock a “buy” rating in a report on Wednesday, February 6th. Finally, ValuEngine lowered Tableau Software from a “strong-buy” rating to a “buy” rating in a report on Monday, April 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Tableau Software currently has a consensus rating of “Buy” and an average price target of $135.43.

In related news, Director Hilarie A. Koplow sold 228 shares of the business’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $122.03, for a total value of $27,822.84. Following the sale, the director now owns 8,734 shares of the company’s stock, valued at approximately $1,065,810.02. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William Bosworth sold 324 shares of the business’s stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $133.95, for a total value of $43,399.80. Following the completion of the sale, the director now directly owns 9,153 shares in the company, valued at approximately $1,226,044.35. The disclosure for this sale can be found here. Insiders have sold a total of 52,439 shares of company stock worth $6,460,183 in the last three months. 12.58% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in DATA. Carroll Financial Associates Inc. raised its position in Tableau Software by 69.4% in the 1st quarter. Carroll Financial Associates Inc. now owns 271 shares of the software company’s stock valued at $34,000 after purchasing an additional 111 shares during the last quarter. Advisors Asset Management Inc. bought a new position in Tableau Software in the 4th quarter valued at $39,000. Neuburgh Advisers LLC bought a new position in Tableau Software in the 4th quarter valued at $46,000. Pittenger & Anderson Inc. raised its position in Tableau Software by 100.0% in the 1st quarter. Pittenger & Anderson Inc. now owns 500 shares of the software company’s stock valued at $64,000 after purchasing an additional 250 shares during the last quarter. Finally, AdvisorNet Financial Inc bought a new position in Tableau Software in the 1st quarter valued at $64,000. 86.89% of the stock is currently owned by institutional investors and hedge funds.

NYSE DATA traded down $0.99 during trading on Friday, hitting $116.71. The company’s stock had a trading volume of 18,571 shares, compared to its average volume of 1,198,788. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.25. The company has a market cap of $10.50 billion, a P/E ratio of -36.68 and a beta of 1.19. Tableau Software has a 52 week low of $92.01 and a 52 week high of $136.92.

About Tableau Software

Tableau Software, Inc, together with its subsidiaries, provides business analytics software products. It offers Tableau Desktop, a self-service, powerful analytics product with data; Tableau Server, a business intelligence platform for organizations; Tableau Online, a hosted software-as-a-service version of Tableau Server; Tableau Prep, a data preparation product for combining, shaping, and cleaning data; and Tableau Public, a cloud-based platform for analyzing and sharing public data.

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