Headlines about Tableau Software (NYSE:DATA) have been trending somewhat positive this week, Accern reports. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tableau Software earned a coverage optimism score of 0.01 on Accern’s scale. Accern also gave news stories about the software company an impact score of 41.5083570228905 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of Tableau Software (NYSE:DATA) traded down $1.16 during midday trading on Tuesday, reaching $69.20. The company’s stock had a trading volume of 518,100 shares, compared to its average volume of 989,393. The firm has a market capitalization of $5,610.00, a P/E ratio of -32.80 and a beta of 0.82. Tableau Software has a fifty-two week low of $41.61 and a fifty-two week high of $82.32.
Tableau Software (NYSE:DATA) last released its earnings results on Thursday, November 2nd. The software company reported $0.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.07. Tableau Software had a negative return on equity of 20.89% and a negative net margin of 18.76%. The firm had revenue of $214.90 million during the quarter, compared to the consensus estimate of $219.43 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue was up 4.3% compared to the same quarter last year. equities analysts anticipate that Tableau Software will post -1.63 earnings per share for the current fiscal year.
Several research analysts have weighed in on DATA shares. Maxim Group restated a “sell” rating and issued a $40.00 price target on shares of Tableau Software in a research note on Friday, November 3rd. Bank of America increased their target price on Tableau Software from $84.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. Royal Bank of Canada reiterated a “sector perform” rating and set a $75.00 target price (up from $70.00) on shares of Tableau Software in a research report on Wednesday, October 11th. KeyCorp reiterated a “buy” rating and set a $85.00 target price on shares of Tableau Software in a research report on Friday, October 6th. Finally, Zacks Investment Research lowered Tableau Software from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $72.11.
In related news, insider Christian Chabot sold 450,000 shares of Tableau Software stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $70.49, for a total transaction of $31,720,500.00. Following the completion of the transaction, the insider now directly owns 231,820 shares in the company, valued at $16,340,991.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Adam Selipsky sold 7,272 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $70.67, for a total value of $513,912.24. Following the completion of the sale, the chief executive officer now owns 237,592 shares of the company’s stock, valued at $16,790,626.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 692,286 shares of company stock valued at $48,819,636. 24.76% of the stock is owned by company insiders.
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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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