Shares of Tableau Software Inc (NYSE:DATA) have earned a consensus recommendation of “Hold” from the twenty-three analysts that are covering the firm, Marketbeat Ratings reports. Fourteen equities research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $149.94.

Several research analysts have weighed in on the company. Zacks Investment Research raised HB Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. BTIG Research lowered Tableau Software from a “buy” rating to a “neutral” rating in a research report on Monday, June 10th. Citigroup initiated coverage on Fastly in a research note on Wednesday, June 12th. They set a “neutral” rating and a $23.00 price target for the company. First Analysis downgraded Tableau Software from an “outperform” rating to a “neutral” rating and set a $164.06 price target for the company. in a research note on Wednesday, June 12th. Finally, KeyCorp decreased their price target on At Home Group from $35.00 to $14.00 and set an “overweight” rating for the company in a research note on Friday, June 7th. They noted that the move was a valuation call.

In related news, EVP Mark Thomas Nelson sold 6,091 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $123.16, for a total transaction of $750,167.56. Following the completion of the sale, the executive vice president now owns 76,011 shares in the company, valued at approximately $9,361,514.76. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Adam Selipsky sold 11,828 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $122.08, for a total value of $1,443,962.24. Following the sale, the insider now owns 239,813 shares of the company’s stock, valued at approximately $29,276,371.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 57,781 shares of company stock valued at $6,962,045. 12.58% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its position in shares of Tableau Software by 30.1% in the 1st quarter. BlackRock Inc. now owns 4,997,006 shares of the software company’s stock worth $636,019,000 after acquiring an additional 1,155,835 shares during the period. FMR LLC lifted its position in shares of Tableau Software by 9.9% in the 1st quarter. FMR LLC now owns 4,377,068 shares of the software company’s stock worth $557,113,000 after acquiring an additional 392,991 shares during the period. Artisan Partners Limited Partnership lifted its position in shares of Tableau Software by 5.8% in the 1st quarter. Artisan Partners Limited Partnership now owns 3,600,954 shares of the software company’s stock worth $458,329,000 after acquiring an additional 196,207 shares during the period. Coatue Management LLC lifted its position in shares of Tableau Software by 63.2% in the 4th quarter. Coatue Management LLC now owns 2,412,405 shares of the software company’s stock worth $289,489,000 after acquiring an additional 934,635 shares during the period. Finally, Baillie Gifford & Co. lifted its position in shares of Tableau Software by 0.7% in the 1st quarter. Baillie Gifford & Co. now owns 2,074,836 shares of the software company’s stock worth $264,084,000 after acquiring an additional 14,276 shares during the period. Hedge funds and other institutional investors own 88.59% of the company’s stock.

DATA stock traded down $1.23 during mid-day trading on Tuesday, hitting $172.59. The stock had a trading volume of 771,813 shares, compared to its average volume of 1,491,491. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.25. Tableau Software has a 1-year low of $94.81 and a 1-year high of $177.59. The business’s fifty day moving average price is $158.25. The stock has a market cap of $14.87 billion, a PE ratio of -54.10 and a beta of 1.49.

Tableau Software (NYSE:DATA) last issued its earnings results on Thursday, May 2nd. The software company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.58) by $0.60. Tableau Software had a negative return on equity of 25.93% and a negative net margin of 27.58%. The company had revenue of $282.50 million for the quarter, compared to analyst estimates of $287.24 million. During the same period in the prior year, the firm posted $0.07 EPS. The business’s revenue was up 14.7% compared to the same quarter last year. As a group, equities analysts anticipate that Tableau Software will post -0.76 earnings per share for the current year.

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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Analyst Recommendations for Tableau Software (NYSE:DATA)

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