Tableau Software, Inc. (NYSE:DATA)‘s stock had its “hold” rating reissued by research analysts at Robert W. Baird in a research report issued on Sunday. They currently have a $76.00 price target on the software company’s stock. Robert W. Baird’s price objective would suggest a potential upside of 8.42% from the stock’s current price.
DATA has been the topic of several other research reports. Maxim Group reaffirmed a “sell” rating and set a $40.00 target price on shares of Tableau Software in a research note on Friday, November 3rd. BidaskClub raised shares of Tableau Software from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $75.00 target price (up previously from $70.00) on shares of Tableau Software in a research note on Wednesday, October 11th. Bank of America Corporation lifted their target price on shares of Tableau Software from $84.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Finally, KeyCorp reaffirmed a “buy” rating and set a $85.00 target price on shares of Tableau Software in a research note on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $72.11.
Shares of Tableau Software (NYSE DATA) opened at $70.10 on Friday. Tableau Software has a one year low of $41.41 and a one year high of $82.32.
Tableau Software (NYSE:DATA) last announced its earnings results on Thursday, November 2nd. The software company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.07. Tableau Software had a negative net margin of 18.76% and a negative return on equity of 20.89%. The company had revenue of $214.90 million for the quarter, compared to analysts’ expectations of $219.43 million. During the same quarter in the previous year, the company posted $0.16 EPS. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. analysts anticipate that Tableau Software will post -1.63 earnings per share for the current year.
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In related news, EVP Keenan Michael Conder sold 5,393 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $70.95, for a total transaction of $382,633.35. Following the sale, the executive vice president now directly owns 79,971 shares in the company, valued at $5,673,942.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director A Brooke Seawell sold 1,005 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $72.23, for a total transaction of $72,591.15. Following 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. Insiders have sold 663,741 shares of company stock worth $46,954,215 over the last quarter. Insiders own 24.76% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in DATA. ETF Managers Group LLC purchased a new stake in shares of Tableau Software during the second quarter worth approximately $119,000. Invictus RG purchased a new stake in shares of Tableau Software during the third quarter worth approximately $123,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Tableau Software by 12.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,105 shares of the software company’s stock worth $129,000 after buying an additional 231 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Tableau Software by 164.4% during the second quarter. BNP Paribas Arbitrage SA now owns 2,266 shares of the software company’s stock worth $139,000 after buying an additional 1,409 shares during the period. Finally, The Manufacturers Life Insurance Company increased 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. Hedge funds and other institutional investors own 82.67% 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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