Zacks Investment Research cut shares of Tableau Software (NYSE:DATA) from a hold rating to a sell rating in a research report released on Wednesday morning, Zacks.com reports.
According to Zacks, “Tableau Software, Inc. engages in providing analytics and data visualization software. The company offers Tableau Desktop, Tableau Server and Tableau Public. It also provides related maintenance and support, and professional and training services. The Company’s product helps a single user on a laptop analyze data from a simple spreadsheet, or to enable thousands of users across an enterprise to execute queries against databases. Tableau Software, Inc. is headquartered in Seattle, Washington. “
A number of other analysts have also weighed in on DATA. Wedbush reiterated an outperform rating and issued a $145.00 price objective on shares of Tableau Software in a research note on Friday, May 3rd. UBS Group raised their price target on shares of Tableau Software to $134.00 and gave the company a neutral rating in a research report on Thursday, May 2nd. Bank of America restated a buy rating and set a $160.00 price target (up previously from $152.00) on shares of Tableau Software in a research report on Friday, May 3rd. Needham & Company LLC restated a buy rating and set a $156.00 price target on shares of Tableau Software in a research report on Friday, May 3rd. Finally, KeyCorp reiterated a buy rating and issued a $158.00 target price on shares of Tableau Software in a research report on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Tableau Software has a consensus rating of Buy and a consensus target price of $135.43.
Shares of NYSE:DATA traded down $0.72 during midday trading on Wednesday, reaching $122.61. The company’s stock had a trading volume of 33,651 shares, compared to its average volume of 1,200,996. The firm has a market capitalization of $10.32 billion, a P/E ratio of -38.57 and a beta of 1.19. Tableau Software has a twelve month low of $91.10 and a twelve month high of $136.92.
Tableau Software (NYSE:DATA) last released its quarterly earnings data on Thursday, May 2nd. The software company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.58) by $0.60. The firm had revenue of $282.50 million for the quarter, compared to analyst estimates of $287.24 million. Tableau Software had a negative net margin of 27.58% and a negative return on equity of 26.23%. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.07 earnings per share. Equities research analysts forecast that Tableau Software will post -0.76 EPS for the current fiscal year.
In other Tableau Software news, Director Hilarie A. Koplow sold 228 shares of Tableau Software stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $126.67, for a total transaction of $28,880.76. Following the completion of the sale, the director now directly owns 8,962 shares in the company, valued at $1,135,216.54. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Adam Selipsky sold 5,668 shares of Tableau Software stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $131.55, for a total transaction of $745,625.40. Following the sale, the insider now owns 252,725 shares of the company’s stock, valued at $33,245,973.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 752,046 shares of company stock worth $91,574,008. Insiders own 12.58% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in DATA. Carroll Financial Associates Inc. grew its holdings in shares of Tableau Software by 69.4% in the first quarter. Carroll Financial Associates Inc. now owns 271 shares of the software company’s stock valued at $34,000 after purchasing an additional 111 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in shares of Tableau Software in the fourth quarter valued at approximately $39,000. Neuburgh Advisers LLC acquired a new position in shares of Tableau Software in the fourth quarter valued at approximately $46,000. Manchester Capital Management LLC acquired a new position in Tableau Software during the 1st quarter worth approximately $72,000. Finally, Rehmann Capital Advisory Group grew its holdings in Tableau Software by 58.2% during the 4th quarter. Rehmann Capital Advisory Group now owns 571 shares of the software company’s stock worth $69,000 after acquiring an additional 210 shares in the last quarter. Institutional investors and hedge funds own 86.20% of the company’s stock.
Tableau Software Company Profile
Tableau Software, Inc, together with its subsidiaries, provides business analytics software products. It offers Tableau Desktop, a self-service, powerful analytics product with data; Tableau Server, a business intelligence platform for organizations; Tableau Online, a hosted software-as-a-service version of Tableau Server; Tableau Prep, a data preparation product for combining, shaping, and cleaning data; and Tableau Public, a cloud-based platform for analyzing and sharing public data.
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