Tableau Software, Inc. (DATA) Rating Reiterated by Royal Bank Of Canada
Tableau Software, Inc. (NYSE:DATA)‘s stock had its “sector perform” rating restated by research analysts at Royal Bank Of Canada in a research report issued on Wednesday. They currently have a $70.00 price objective on the software company’s stock, up from their prior price objective of $65.00. Royal Bank Of Canada’s target price would indicate a potential upside of 0.09% from the stock’s current price.
Several other equities analysts have also recently issued reports on the stock. TheStreet raised shares of Tableau Software from a “d+” rating to a “c-” rating in a research note on Thursday, August 3rd. ValuEngine raised shares of Tableau Software from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Zacks Investment Research raised shares of Tableau Software from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research note on Friday, August 4th. Cowen and Company reissued a “market perform” rating and issued a $60.00 price objective (up from $53.00) on shares of Tableau Software in a research note on Thursday, August 3rd. Finally, Barclays PLC reissued an “overweight” rating and issued a $76.00 price objective (up from $72.00) on shares of Tableau Software in a research note on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $64.52.
Shares of Tableau Software (NYSE DATA) opened at 69.94 on Wednesday. Tableau Software has a one year low of $41.41 and a one year high of $71.53. The stock’s market capitalization is $5.49 billion. The company’s 50-day moving average is $64.18 and its 200-day moving average is $56.42.
Tableau Software (NYSE:DATA) last announced its quarterly earnings data on Wednesday, August 2nd. The software company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.15. The company had revenue of $212.90 million for the quarter, compared to analysts’ expectations of $210.72 million. Tableau Software had a negative net margin of 17.08% and a negative return on equity of 18.67%. Tableau Software’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, equities research analysts anticipate that Tableau Software will post $0.19 earnings per share for the current year.
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In other news, insider Chris Stolte sold 75,103 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $61.69, for a total transaction of $4,633,104.07. Following the completion of the transaction, the insider now owns 78,805 shares of the company’s stock, valued at approximately $4,861,480.45. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Elliott H. Jurgensen, Jr. sold 8,000 shares of the company’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $61.46, for a total transaction of $491,680.00. Following the transaction, the director now directly owns 13,781 shares of the company’s stock, valued at approximately $846,980.26. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 311,025 shares of company stock valued at $19,395,818. Corporate insiders own 28.98% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in Tableau Software by 35,180.2% in the first quarter. BlackRock Inc. now owns 2,452,329 shares of the software company’s stock worth $121,514,000 after buying an additional 2,445,378 shares in the last quarter. Renaissance Technologies LLC increased its position in Tableau Software by 131.7% in the first quarter. Renaissance Technologies LLC now owns 1,703,500 shares of the software company’s stock worth $84,408,000 after buying an additional 968,400 shares in the last quarter. American Century Companies Inc. bought a new position in Tableau Software during the first quarter worth approximately $38,858,000. Eagle Asset Management Inc. increased its position in Tableau Software by 198.4% in the first quarter. Eagle Asset Management Inc. now owns 736,574 shares of the software company’s stock worth $36,497,000 after buying an additional 489,729 shares in the last quarter. Finally, FIL Ltd increased its position in Tableau Software by 61.6% in the first quarter. FIL Ltd now owns 1,243,297 shares of the software company’s stock worth $61,605,000 after buying an additional 474,009 shares in the last quarter. 76.38% of the stock is owned by institutional investors.
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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