Barclays Reiterates “Buy” Rating for Tableau Software (DATA)

Tableau Software (NYSE:DATA)‘s stock had its “buy” rating restated by equities research analysts at Barclays in a research note issued to investors on Sunday. They presently have a $102.00 target price on the software company’s stock. Barclays’ target price points to a potential upside of 21.69% from the stock’s previous close.

A number of other equities research analysts have also issued reports on DATA. Mizuho restated a “hold” rating and issued a $68.00 price target on shares of Tableau Software in a research report on Wednesday, January 17th. Raymond James initiated coverage on Tableau Software in a research report on Wednesday, January 17th. They issued a “market perform” rating for the company. Zacks Investment Research cut Tableau Software from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. BMO Capital Markets reiterated a “hold” rating and issued a $92.00 price objective on shares of Tableau Software in a report on Friday, February 2nd. Finally, Maxim Group upgraded Tableau Software from a “sell” rating to a “hold” rating and upped their price objective for the company from $40.00 to $88.00 in a report on Friday, February 2nd. Eighteen investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $84.13.

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Shares of DATA stock traded down $0.57 on Friday, hitting $83.82. The company had a trading volume of 694,516 shares, compared to its average volume of 637,499. The stock has a market cap of $6,834.26, a PE ratio of -35.82 and a beta of 0.79. Tableau Software has a twelve month low of $53.00 and a twelve month high of $87.60.

Tableau Software (NYSE:DATA) last issued its quarterly earnings data on Thursday, February 1st. The software company reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.09. Tableau Software had a negative return on equity of 23.84% and a negative net margin of 21.16%. The business had revenue of $249.40 million during the quarter, compared to analysts’ expectations of $240.63 million. During the same quarter in the previous year, the firm posted $0.26 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. research analysts expect that Tableau Software will post -1.95 EPS for the current year.

In related news, Chairman Christian Chabot sold 450,000 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $78.23, for a total value of $35,203,500.00. Following the transaction, the chairman now owns 453,536 shares of the company’s stock, valued at $35,480,121.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Pat Hanrahan sold 400,000 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $78.50, for a total value of $31,400,000.00. The disclosure for this sale can be found here. Insiders have sold 933,719 shares of company stock worth $73,445,439 in the last ninety days. Corporate insiders own 28.98% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC grew its holdings in shares of Tableau Software by 871.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,486 shares of the software company’s stock worth $102,000 after purchasing an additional 1,333 shares during the last quarter. American International Group Inc. acquired a new stake in shares of Tableau Software during the fourth quarter worth about $105,000. The Manufacturers Life Insurance Company boosted its stake in shares of Tableau Software by 7.9% during the second 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 period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Tableau Software by 50.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,160 shares of the software company’s stock worth $219,000 after buying an additional 1,055 shares during the period. Finally, Stifel Financial Corp acquired a new stake in shares of Tableau Software during the third quarter worth about $243,000. 83.12% of the stock is currently owned by hedge funds and other institutional investors.

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Tableau Software Company Profile

Tableau Software, Inc provides business analytics software products. It offers Tableau Desktop, an analytics product that empowers people to access and analyze data; and Tableau Server, a business intelligence platform with data management and scalability to foster sharing of analytics, as well as to enhance the dissemination of information in an organization and promote decision-making.

Analyst Recommendations for Tableau Software (NYSE:DATA)

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