Royal Bank Of Canada reaffirmed their sector perform rating on shares of Tableau Software, Inc. (NYSE:DATA) in a report published on Wednesday. The brokerage currently has a $75.00 price objective on the software company’s stock, up from their prior price objective of $70.00.
Several other brokerages also recently weighed in on DATA. Zacks Investment Research downgraded Tableau Software from a hold rating to a sell rating in a research report on Tuesday, July 4th. BidaskClub upgraded Tableau Software from a buy rating to a strong-buy rating in a research report on Saturday, August 26th. Maxim Group restated a sell rating and set a $30.00 price objective on shares of Tableau Software in a research report on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) upgraded Tableau Software from a neutral rating to a buy rating and upped their price objective for the stock from $59.00 to $78.00 in a research report on Tuesday, June 13th. Finally, Jefferies Group LLC restated a hold rating and set a $55.00 price objective on shares of Tableau Software in a research report on Sunday, July 2nd. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $67.00.
Shares of Tableau Software (NYSE:DATA) traded up 0.36% during trading on Wednesday, reaching $77.22. 440,228 shares of the company traded hands. The stock’s market cap is $6.11 billion. Tableau Software has a 12 month low of $41.41 and a 12 month high of $78.14. The stock’s 50 day moving average price is $74.41 and its 200-day moving average price is $64.21.
Tableau Software (NYSE:DATA) last released its earnings results on Wednesday, August 2nd. The software company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.15. The company had revenue of $212.90 million for the quarter, compared to analyst estimates of $210.72 million. Tableau Software had a negative return on equity of 18.71% and a negative net margin of 17.08%. Tableau Software’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, equities research analysts expect that Tableau Software will post $0.23 EPS for the current fiscal year.
In other Tableau Software news, insider Chris Stolte sold 225,000 shares of the business’s stock in a transaction on 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 sale, the insider now directly owns 153,702 shares in the company, valued at $10,849,824.18. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director A Brooke Seawell sold 1,005 shares of the business’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $72.23, for a total value of $72,591.15. Following the completion of the sale, the director now owns 3,015 shares in the company, valued at $217,773.45. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,160,559 shares of company stock worth $81,744,364. Corporate insiders own 28.98% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. ETF Managers Group LLC bought a new stake in shares of Tableau Software in the second quarter valued at $119,000. Westpac Banking Corp purchased a new position in shares of Tableau Software in the first quarter valued at $126,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Tableau Software by 12.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,105 shares of the software company’s stock valued at $129,000 after purchasing an additional 231 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Tableau Software by 164.4% in the second quarter. BNP Paribas Arbitrage SA now owns 2,266 shares of the software company’s stock valued at $139,000 after purchasing an additional 1,409 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Tableau Software by 7.9% in the second quarter. The Manufacturers Life Insurance Company now owns 2,287 shares of the software company’s stock valued at $140,000 after purchasing an additional 167 shares in the last quarter. Hedge funds and other institutional investors own 77.61% of the company’s stock.
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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