Needham & Company LLC reaffirmed their buy rating on shares of Tableau Software, Inc. (NYSE:DATA) in a research note published on Friday morning. They currently have a $97.00 price target on the software company’s stock, down from their previous price target of $98.00.
A number of other equities analysts have also recently issued reports on the company. Maxim Group restated a sell rating and issued a $40.00 target price on shares of Tableau Software in a report on Friday. KeyCorp restated a buy rating and issued a $85.00 target price on shares of Tableau Software in a report on Friday. Morgan Stanley decreased their target price on Tableau Software from $71.00 to $68.00 and set an equal weight rating on the stock in a report on Friday. BMO Capital Markets lifted their target price on Tableau Software from $70.00 to $77.00 and gave the stock a market perform rating in a report on Friday. They noted that the move was a valuation call. Finally, Jefferies Group LLC decreased their target price on Tableau Software from $70.00 to $67.00 and set a hold rating on the stock in a report on Friday. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $69.97.
Shares of Tableau Software (DATA) opened at $74.60 on Friday. Tableau Software has a 12 month low of $41.41 and a 12 month 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. The business had revenue of $214.90 million for the quarter, compared to analysts’ expectations of $219.43 million. Tableau Software had a negative return on equity of 20.72% and a negative net margin of 18.76%. The company’s quarterly 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. sell-side analysts predict that Tableau Software will post -1.59 EPS for the current fiscal year.
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In related news, Director A Brooke Seawell sold 1,005 shares of the business’s stock in a transaction dated 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 owns 3,015 shares of the company’s stock, valued at approximately $217,773.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chris Stolte sold 225,000 shares of the business’s stock in a transaction dated 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 directly owns 153,702 shares of the company’s stock, valued at approximately $10,849,824.18. The disclosure for this sale can be found here. Insiders sold 817,059 shares of company stock valued at $57,450,544 in the last ninety days. Insiders own 24.76% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of DATA. UBS Asset Management Americas Inc. lifted its position in shares of Tableau Software by 9.5% during the 1st quarter. UBS Asset Management Americas Inc. now owns 33,185 shares of the software company’s stock worth $1,644,000 after purchasing an additional 2,887 shares during the last quarter. Karp Capital Management Corp acquired a new position in shares of Tableau Software during the 1st quarter worth about $200,000. Alliancebernstein L.P. lifted its position in shares of Tableau Software by 79.3% during the 1st quarter. Alliancebernstein L.P. now owns 53,131 shares of the software company’s stock worth $2,633,000 after purchasing an additional 23,499 shares during the last quarter. Principal Financial Group Inc. acquired a new position in shares of Tableau Software during the 1st quarter worth about $229,000. Finally, Wellington Management Group LLP acquired a new position in Tableau Software in the 1st quarter valued at approximately $320,000. 77.86% of the stock is owned by institutional investors and hedge funds.
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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