Tableau Software, Inc. (NYSE:DATA) had its price target raised by investment analysts at Morgan Stanley from $68.00 to $71.00 in a research report issued on Thursday. The firm presently has an “equal weight” rating on the software company’s stock. Morgan Stanley’s price target points to a potential downside of 4.83% from the company’s previous close.
A number of other analysts have also recently issued reports on the company. Drexel Hamilton reiterated a “hold” rating on shares of Tableau Software in a report on Monday, October 30th. Needham & Company LLC assumed coverage on Tableau Software in a report on Monday, October 23rd. They set a “buy” rating and a $98.00 target price for the company. Bank of America Corporation boosted their target price on Tableau Software from $84.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. BMO Capital Markets reiterated a “hold” rating and set a $70.00 target price on shares of Tableau Software in a report on Friday, October 13th. Finally, Barclays PLC reiterated a “buy” rating and set a $80.00 target price on shares of Tableau Software in a report on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $69.97.
Tableau Software (NYSE:DATA) traded down $7.57 on Thursday, reaching $74.60. The company’s stock had a trading volume of 6,713,811 shares, compared to its average volume of 644,154. Tableau Software has a 52 week low of $41.41 and a 52 week high of $82.32.
Tableau Software (NYSE:DATA) last issued its earnings results on Thursday, November 2nd. The software company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.07. Tableau Software had a negative return on equity of 20.72% and a negative net margin of 18.76%. The business had revenue of $214.90 million during the quarter, compared to analysts’ expectations of $219.43 million. During the same quarter in the previous year, the business earned $0.16 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. equities research analysts forecast that Tableau Software will post -1.59 earnings per share for the current fiscal year.
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In related news, Director A Brooke Seawell sold 1,005 shares of the company’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $72.23, for a total transaction of $72,591.15. Following the completion of the transaction, the director now directly owns 3,015 shares in the company, valued at approximately $217,773.45. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Chris Stolte sold 225,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $70.59, for a total value of $15,882,750.00. Following 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. Insiders sold a total of 1,160,559 shares of company stock valued at $81,744,364 over the last quarter. Company insiders own 28.98% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. ETF Managers Group LLC bought a new position in Tableau Software during the 2nd quarter worth $119,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Tableau Software by 12.3% during the 2nd 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 grew its stake in Tableau Software by 164.4% during the 2nd 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. The Manufacturers Life Insurance Company grew its stake in Tableau Software by 7.9% during the 2nd 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. Finally, Boston Advisors LLC bought a new position in Tableau Software during the 3rd quarter worth $201,000. Hedge funds and other institutional investors own 77.84% of the company’s stock.
About Tableau Software
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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