Bank of America reiterated their buy rating on shares of Tableau Software (NYSE:DATA) in a report released on Friday, AnalystRatings.com reports. The firm currently has a $160.00 price objective on the software company’s stock, up from their previous price objective of $152.00.
A number of other equities analysts have also weighed in on DATA. Zacks Investment Research raised shares of Tableau Software from a hold rating to a buy rating and set a $133.00 target price for the company in a research note on Thursday, January 3rd. Barclays upped their target price on shares of Tableau Software to $137.00 and gave the stock an overweight rating in a research note on Thursday, January 17th. OTR Global lowered shares of Tableau Software to a positive rating in a research note on Thursday, January 31st. Wedbush reaffirmed an outperform rating and issued a $142.00 target price (up from $128.00) on shares of Tableau Software in a research note on Monday, February 4th. Finally, BMO Capital Markets upped their target price on shares of Tableau Software from $125.00 to $145.00 and gave the stock a market perform rating in a research note on Wednesday, February 6th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $135.43.
Shares of NYSE DATA opened at $122.65 on Friday. The firm has a market capitalization of $10.46 billion, a P/E ratio of -38.45 and a beta of 1.19. Tableau Software has a 1-year low of $90.29 and a 1-year high of $136.92.
Tableau Software (NYSE:DATA) last announced its earnings results on Thursday, May 2nd. The software company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.58) by $0.60. The firm had revenue of $282.50 million during the quarter, compared to analyst estimates of $287.24 million. Tableau Software had a negative net margin of 27.58% and a negative return on equity of 26.23%. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.07 EPS. Analysts predict that Tableau Software will post -0.76 earnings per share for the current year.
In other news, insider Adam Selipsky sold 5,668 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $131.55, for a total transaction of $745,625.40. Following the completion of the transaction, the insider now directly owns 252,725 shares in the company, valued at approximately $33,245,973.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Chris Stolte sold 190,000 shares of the stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $121.47, for a total transaction of $23,079,300.00. Following the transaction, the insider now owns 98,536 shares of the company’s stock, valued at $11,969,167.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 752,046 shares of company stock valued at $91,574,008. Company insiders own 12.58% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Raymond James & Associates lifted its stake in Tableau Software by 97.0% in the 1st quarter. Raymond James & Associates now owns 46,824 shares of the software company’s stock valued at $5,960,000 after purchasing an additional 23,051 shares during the last quarter. Meridian Investment Counsel Inc. lifted its stake in Tableau Software by 9.3% in the 1st quarter. Meridian Investment Counsel Inc. now owns 2,342 shares of the software company’s stock valued at $298,000 after purchasing an additional 199 shares during the last quarter. Toronto Dominion Bank acquired a new stake in Tableau Software in the 1st quarter valued at about $1,639,000. Mn Services Vermogensbeheer B.V. acquired a new stake in Tableau Software in the 1st quarter valued at about $1,566,000. Finally, First Mercantile Trust Co. acquired a new stake in Tableau Software in the 1st quarter valued at about $221,000. Institutional investors own 86.23% of the company’s stock.
Tableau Software Company Profile
Tableau Software, Inc, together with its subsidiaries, provides business analytics software products. It offers Tableau Desktop, a self-service, powerful analytics product with data; Tableau Server, a business intelligence platform for organizations; Tableau Online, a hosted software-as-a-service version of Tableau Server; Tableau Prep, a data preparation product for combining, shaping, and cleaning data; and Tableau Public, a cloud-based platform for analyzing and sharing public data.
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