Tableau Software’s (DATA) Overweight Rating Reiterated at Barclays PLC

Tableau Software, Inc. (NYSE:DATA)‘s stock had its “overweight” rating reiterated by stock analysts at Barclays PLC in a report issued on Wednesday, August 9th. They presently have a $76.00 price objective on the software company’s stock, up from their prior price objective of $72.00. Barclays PLC’s price target would indicate a potential upside of 8.98% from the company’s previous close.

Several other analysts also recently weighed in on DATA. Jefferies Group LLC reissued a “hold” rating and issued a $50.00 price target on shares of Tableau Software in a research note on Thursday, April 13th. Vetr raised shares of Tableau Software from a “buy” rating to a “strong-buy” rating and set a $57.96 price target for the company in a research note on Monday, April 17th. BTIG Research initiated coverage on shares of Tableau Software in a research note on Monday, April 17th. They issued a “buy” rating and a $65.00 price target for the company. OTR Global raised shares of Tableau Software to a “positive” rating in a research note on Friday, April 21st. Finally, Benchmark Co. initiated coverage on shares of Tableau Software in a research note on Thursday, April 27th. They issued a “hold” rating for the company. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Tableau Software currently has a consensus rating of “Hold” and an average target price of $64.52.

Shares of Tableau Software (NYSE DATA) traded up 0.61% on Wednesday, reaching $69.74. The company had a trading volume of 485,739 shares. The company’s 50-day moving average is $65.76 and its 200-day moving average is $58.11. Tableau Software has a one year low of $41.41 and a one year high of $71.53. The company’s market capitalization is $5.52 billion.

Tableau Software (NYSE:DATA) last posted its quarterly earnings results on Wednesday, August 2nd. The software company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.15. The business had revenue of $212.90 million during the quarter, compared to the consensus estimate of $210.72 million. Tableau Software had a negative net margin of 17.08% and a negative return on equity of 18.71%. Tableau Software’s quarterly revenue was up 7.3% compared to the same quarter last year. Equities research analysts predict that Tableau Software will post $0.22 earnings per share for the current year.

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In other news, insider Chris Stolte sold 75,000 shares of the stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $63.04, for a total transaction of $4,728,000.00. Following the sale, the insider now owns 78,702 shares in the company, valued at $4,961,374.08. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director William Bosworth sold 500 shares of the stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $61.96, for a total transaction of $30,980.00. Following the sale, the director now owns 9,549 shares in the company, valued at approximately $591,656.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,192,453 shares of company stock worth $82,863,780. Corporate insiders own 28.98% of the company’s stock.

Several large investors have recently bought and sold shares of DATA. ETF Managers Group LLC purchased a new stake in Tableau Software during the second quarter worth approximately $119,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Tableau Software by 12.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,105 shares of the software company’s stock worth $129,000 after buying an additional 231 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Tableau Software by 164.4% in the second quarter. BNP Paribas Arbitrage SA now owns 2,266 shares of the software company’s stock worth $139,000 after buying an additional 1,409 shares during the last quarter. Winfield Associates Inc. boosted its stake in Tableau Software by 0.7% in the first quarter. Winfield Associates Inc. now owns 2,280 shares of the software company’s stock worth $113,000 after buying an additional 15 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake 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 buying an additional 167 shares during the last quarter. Hedge funds and other institutional investors own 76.72% of the company’s stock.

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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