Tableau Software (NYSE:DATA)‘s stock had its “outperform” rating reissued by equities researchers at Wedbush in a report released on Monday, February 4th. They presently have a $142.00 price target on the software company’s stock, up from their previous price target of $128.00. Wedbush’s target price points to a potential upside of 7.19% from the company’s current price.
Several other equities research analysts have also issued reports on DATA. Zacks Investment Research lowered shares of Tableau Software from a “buy” rating to a “hold” rating in a research note on Tuesday, January 8th. Citigroup set a $148.00 price objective on shares of Tableau Software and gave the stock a “buy” rating in a research note on Wednesday, November 7th. Maxim Group boosted their price objective on shares of Tableau Software from $107.00 to $127.00 and gave the stock a “hold” rating in a research note on Wednesday, November 7th. Bank of America restated a “buy” rating and set a $140.00 price objective on shares of Tableau Software in a research note on Monday, December 3rd. Finally, First Analysis raised shares of Tableau Software from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $105.00 to $123.00 in a report on Sunday, November 25th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $131.50.
Shares of DATA traded up $0.57 during mid-day trading on Monday, hitting $132.47. 1,030,331 shares of the company traded hands, compared to its average volume of 1,488,845. Tableau Software has a one year low of $77.32 and a one year high of $134.97. The stock has a market capitalization of $11.10 billion, a P/E ratio of -41.53 and a beta of 1.32.
Tableau Software (NYSE:DATA) last announced its quarterly earnings data on Tuesday, February 5th. The software company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.05. The firm had revenue of $275.70 million for the quarter, compared to analysts’ expectations of $271.62 million. Tableau Software had a negative net margin of 24.35% and a negative return on equity of 26.78%. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period last year, the firm earned $0.12 earnings per share. As a group, sell-side analysts anticipate that Tableau Software will post -0.76 EPS for the current fiscal year.
In related news, insider Adam Selipsky sold 5,668 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $131.55, for a total transaction of $745,625.40. Following the transaction, the insider now directly owns 252,725 shares of the company’s stock, valued at $33,245,973.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Chris Stolte sold 95,000 shares of the stock in a transaction on Friday, February 8th. The stock was sold at an average price of $120.13, for a total transaction of $11,412,350.00. Following the transaction, the insider now directly owns 98,536 shares in the company, valued at $11,837,129.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 755,446 shares of company stock valued at $92,001,150. 19.22% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Pennsylvania Trust Co increased its stake in shares of Tableau Software by 8.0% during the fourth quarter. Pennsylvania Trust Co now owns 2,025 shares of the software company’s stock valued at $243,000 after buying an additional 150 shares during the period. Creative Planning boosted its holdings in Tableau Software by 10.3% in the third quarter. Creative Planning now owns 24,431 shares of the software company’s stock worth $2,730,000 after acquiring an additional 2,276 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in Tableau Software by 14.2% in the third quarter. Canada Pension Plan Investment Board now owns 64,400 shares of the software company’s stock worth $7,196,000 after acquiring an additional 8,000 shares in the last quarter. South State Corp boosted its holdings in Tableau Software by 10.4% in the third quarter. South State Corp now owns 47,494 shares of the software company’s stock worth $5,307,000 after acquiring an additional 4,473 shares in the last quarter. Finally, Meridian Investment Counsel Inc. acquired a new stake in Tableau Software in the third quarter worth about $216,000. Institutional investors own 83.52% of the company’s stock.
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.
Recommended Story: Trading signals using Bollinger bands
Receive News & Ratings for Tableau Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tableau Software and related companies with MarketBeat.com's FREE daily email newsletter.