Mizuho reissued their hold rating on shares of Tableau Software, Inc. (NYSE:DATA) in a research note published on Thursday morning. They currently have a $68.00 price objective on the software company’s stock.
“We expect total revenue of $220-225mm (+7-9% Y/Y) vs. guidance of $213-223mm and consensus of $219mm. This includes license revenue of $105-110mm (down 6-10% Y/Y) vs. consensus of $106mm. For profitability, we expect operating income and EPS toward the upper-end of guidance of $5-13mm and $0.04-0.11, respectively, vs. consensus of $10mm and $0.09. Click here for our detailed preview and model. Checks suggest sustained focus on enterprise segment.”,” Mizuho’s analyst commented.
Several other analysts also recently weighed in on the company. Morgan Stanley lifted their target price on Tableau Software from $68.00 to $71.00 and gave the company an equal weight rating in a research note on Thursday. Drexel Hamilton reaffirmed a hold rating on shares of Tableau Software in a research note on Monday, October 30th. Needham & Company LLC assumed coverage on Tableau Software in a research note on Monday, October 23rd. They set a buy rating and a $98.00 target price on the stock. Bank of America Corporation lifted their target price on Tableau Software from $84.00 to $90.00 and gave the company a buy rating in a research note on Wednesday, October 18th. Finally, BMO Capital Markets reaffirmed a hold rating and set a $70.00 target price on shares of Tableau Software in a research note on Friday, October 13th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Tableau Software currently has a consensus rating of Hold and an average target price of $69.97.
Tableau Software (NYSE DATA) traded down $3.20 during trading hours on Thursday, reaching $71.40. The company had a trading volume of 2,618,071 shares, compared to its average volume of 956,844. Tableau Software has a twelve month low of $41.41 and a twelve month high of $82.32.
Tableau Software (NYSE:DATA) last released its quarterly earnings data on Thursday, November 2nd. The software company reported $0.08 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $219.43 million. During the same quarter in the previous year, the firm posted $0.16 EPS. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. equities analysts forecast that Tableau Software will post -1.59 earnings per share for the current fiscal year.
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In other news, insider Chris Stolte sold 225,000 shares of Tableau Software stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $70.59, for a total transaction of $15,882,750.00. Following the transaction, the insider now owns 153,702 shares in the company, valued at $10,849,824.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Christian Chabot sold 175,500 shares of Tableau Software stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $70.15, for a total value of $12,311,325.00. Following the transaction, the chairman now owns 197,203 shares in the company, valued at approximately $13,833,790.45. The disclosure for this sale can be found here. Insiders have sold 817,059 shares of company stock worth $57,450,544 in the last quarter. 24.76% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Ardevora Asset Management LLP purchased a new position in Tableau Software in the third quarter valued at about $34,289,000. New York State Common Retirement Fund grew its stake in Tableau Software by 1.8% in the third quarter. New York State Common Retirement Fund now owns 134,800 shares of the software company’s stock valued at $10,095,000 after purchasing an additional 2,360 shares in the last quarter. Sei Investments Co. grew its stake in Tableau Software by 58.5% in the third quarter. Sei Investments Co. now owns 135,587 shares of the software company’s stock valued at $10,154,000 after purchasing an additional 50,041 shares in the last quarter. World Asset Management Inc purchased a new position in Tableau Software in the third quarter valued at about $210,000. Finally, Principal Financial Group Inc. purchased a new position in Tableau Software in the third quarter valued at about $717,000. Hedge funds and other institutional investors own 77.86% 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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