Tableau Software (NYSE:DATA) Cut to Sell at Zacks Investment Research

Tableau Software (NYSE:DATA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Friday, February 2nd.

According to Zacks, “Tableau Software, Inc. engages in providing analytics and data visualization software. The company offers Tableau Desktop, Tableau Server and Tableau Public. It also provides related maintenance and support, and professional and training services. The Company’s product helps a single user on a laptop analyze data from a simple spreadsheet, or to enable thousands of users across an enterprise to execute queries against databases. Tableau Software, Inc. is headquartered in Seattle, Washington. “

A number of other brokerages have also issued reports on DATA. Mizuho restated a “neutral” rating and issued a $85.00 target price (up previously from $68.00) on shares of Tableau Software in a research note on Thursday, February 1st. UBS Group restated a “buy” rating and issued a $101.00 target price (up previously from $74.00) on shares of Tableau Software in a research note on Thursday, November 9th. Barclays upped their target price on shares of Tableau Software from $82.00 to $98.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Wells Fargo & Co upped their target price on shares of Tableau Software to $90.00 and gave the company a “market perform” rating in a research note on Friday, February 2nd. Finally, Bank of America boosted their price objective on shares of Tableau Software from $90.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $81.00.

Shares of Tableau Software (DATA) traded up $1.60 during midday trading on Friday, hitting $78.95. 310,153 shares of the stock traded hands, compared to its average volume of 1,096,612. The stock has a market cap of $6,230.00, a PE ratio of -33.45 and a beta of 0.88. Tableau Software has a one year low of $47.30 and a one year high of $87.00.

Tableau Software (NYSE:DATA) last posted its earnings results on Thursday, February 1st. The software company reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.09. Tableau Software had a negative net margin of 21.16% and a negative return on equity of 23.76%. The business had revenue of $249.40 million for the quarter, compared to analyst estimates of $240.63 million. During the same quarter in the previous year, the business posted $0.26 EPS. The business’s quarterly revenue was down .5% on a year-over-year basis. analysts predict that Tableau Software will post -1.95 earnings per share for the current year.

In related news, CEO Adam Selipsky sold 7,272 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $70.67, for a total transaction of $513,912.24. Following the completion of the sale, the chief executive officer now directly owns 237,592 shares of the company’s stock, valued at $16,790,626.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Christian Chabot sold 450,000 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $78.23, for a total transaction of $35,203,500.00. Following the sale, the chairman now directly owns 453,536 shares of the company’s stock, valued at $35,480,121.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,002,286 shares of company stock valued at $77,315,286. Company insiders own 24.76% of the company’s stock.

Several large investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company lifted its position in shares of Tableau Software by 7.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,287 shares of the software company’s stock valued at $140,000 after acquiring an additional 167 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Tableau Software by 1.0% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 77,351 shares of the software company’s stock valued at $5,793,000 after acquiring an additional 730 shares in the last quarter. Voya Investment Management LLC lifted its position in shares of Tableau Software by 4.5% in the 2nd quarter. Voya Investment Management LLC now owns 23,038 shares of the software company’s stock valued at $1,412,000 after acquiring an additional 983 shares in the last quarter. Archon Capital Management LLC lifted its position in shares of Tableau Software by 2.8% in the 4th quarter. Archon Capital Management LLC now owns 37,742 shares of the software company’s stock valued at $2,612,000 after acquiring an additional 1,020 shares in the last quarter. Finally, State of Wisconsin Investment Board increased its stake in Tableau Software by 8.5% in the 4th quarter. State of Wisconsin Investment Board now owns 13,203 shares of the software company’s stock valued at $914,000 after buying an additional 1,031 shares during the period. Institutional investors and hedge funds own 81.60% of the company’s stock.

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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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