Tableau Software, Inc. (NYSE:DATA) issued its quarterly earnings results on Thursday. The software company reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.07, Bloomberg Earnings reports. The company had revenue of $214.90 million during the quarter, compared to the consensus estimate of $219.43 million. Tableau Software had a negative return on equity of 20.72% and a negative net margin of 18.76%. Tableau Software’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 EPS. Tableau Software updated its Q4 guidance to ($0.01)-0.05 EPS.
Tableau Software (NYSE DATA) opened at $74.60 on Friday.
In other news, insider Adam Selipsky sold 3,200 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $72.15, for a total transaction of $230,880.00. Following the sale, the insider now owns 213,030 shares of the company’s stock, valued at approximately $15,370,114.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Chris Stolte sold 225,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $70.59, for a total value of $15,882,750.00. Following the completion of the transaction, the insider now owns 153,702 shares of the company’s stock, valued at $10,849,824.18. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,160,559 shares of company stock valued at $81,744,364. Corporate insiders own 28.98% of the company’s stock.
An institutional investor recently raised its position in Tableau Software stock. The Manufacturers Life Insurance Company increased its holdings in shares of Tableau Software, Inc. (NYSE:DATA) by 7.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,287 shares of the software company’s stock after acquiring an additional 167 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Tableau Software were worth $140,000 at the end of the most recent quarter. 77.84% of the stock is currently owned by hedge funds and other institutional investors.
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Several research firms have commented on DATA. Maxim Group restated a “sell” rating and issued a $40.00 target price on shares of Tableau Software in a research report on Friday. BMO Capital Markets boosted their target price on shares of Tableau Software from $70.00 to $77.00 and gave the stock a “market perform” rating in a research note on Friday. They noted that the move was a valuation call. Bank of America Corporation reaffirmed a “buy” rating and set a $76.00 price target on shares of Tableau Software in a research report on Monday, July 17th. Barclays PLC reissued an “overweight” rating and issued a $76.00 target price (up previously from $72.00) on shares of Tableau Software in a report on Wednesday, August 9th. Finally, Jefferies Group LLC lowered their target price on Tableau Software from $70.00 to $67.00 and set a “hold” rating on the stock in a research note on Friday. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $69.97.
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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