Somewhat Positive Press Coverage Somewhat Unlikely to Impact Tableau Software (NYSE:DATA) Stock Price

Press coverage about Tableau Software (NYSE:DATA) has been trending somewhat positive this week, according to Accern. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tableau Software earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news articles about the software company an impact score of 41.7397583064182 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news stories that may have effected Accern’s rankings:

A number of analysts have commented on DATA shares. Sanford C. Bernstein started coverage on shares of Tableau Software in a report on Wednesday, May 24th. They set an “outperform” rating and a $79.00 target price for the company. BTIG Research reaffirmed a “buy” rating and set a $65.00 target price on shares of Tableau Software in a report on Monday, May 15th. BidaskClub raised shares of Tableau Software from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Bank of America Corporation upped their target price on shares of Tableau Software from $72.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, May 30th. Finally, Benchmark Co. started coverage on shares of Tableau Software in a report on Thursday, April 27th. They set a “hold” rating for the company. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Tableau Software has a consensus rating of “Hold” and an average target price of $64.52.

Tableau Software (NYSE DATA) opened at 68.67 on Friday. Tableau Software has a 52-week low of $41.41 and a 52-week high of $71.53. The company’s market cap is $5.39 billion. The firm’s 50-day moving average is $64.97 and its 200 day moving average is $57.31.

Tableau Software (NYSE:DATA) last announced its quarterly earnings results on Wednesday, August 2nd. The software company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.15. The firm had revenue of $212.90 million for the quarter, compared to analysts’ expectations of $210.72 million. Tableau Software had a negative net margin of 17.08% and a negative return on equity of 18.67%. The company’s revenue was up 7.3% on a year-over-year basis. On average, equities research analysts predict that Tableau Software will post $0.21 EPS for the current fiscal year.

In other Tableau Software news, Director William Bosworth sold 500 shares of the company’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $61.96, for a total value of $30,980.00. Following the transaction, the director now owns 9,549 shares of the company’s stock, valued at $591,656.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Chris Stolte sold 75,000 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $61.69, for a total transaction of $4,626,750.00. Following the completion of the transaction, the insider now directly owns 78,805 shares in the company, valued at approximately $4,861,480.45. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,161,625 shares of company stock worth $79,348,706. Corporate insiders own 28.98% of the company’s stock.

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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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