Deutsche Bank AG Lifted Tableau Software Inc (DATA) Target Price to $65.00

Deutsche Bank AG Lifted Tableau Software Inc (DATA) Target Price to $65.00

Tableau Software Inc (NYSE:DATA) had its price target upped by Deutsche Bank AG from $60.00 to $65.00 in a report released on Tuesday. They currently have a hold rating on the software company’s stock.

DATA has been the subject of a number of other research reports. Maxim Group boosted their price objective on shares of Tableau Software from $24.00 to $30.00 and gave the company a sell rating in a research report on Friday, February 3rd. Goldman Sachs Group Inc boosted their price objective on shares of Tableau Software from $50.00 to $52.00 and gave the company a neutral rating in a research report on Friday, February 3rd. Oppenheimer Holdings Inc. reissued a hold rating on shares of Tableau Software in a research note on Thursday, April 6th. JMP Securities reissued an outperform rating and set a $65.00 target price on shares of Tableau Software in a research note on Friday, April 7th. Finally, Wedbush reduced their target price on shares of Tableau Software from $74.00 to $64.00 and set an outperform rating for the company in a research note on Friday, May 26th. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Hold and an average price target of $60.65.

Shares of Tableau Software (DATA) opened at 62.43 on Tuesday. The firm’s 50-day moving average price is $57.92 and its 200 day moving average price is $50.46. The stock’s market capitalization is $4.87 billion. Tableau Software has a 1-year low of $41.41 and a 1-year high of $66.86.

Tableau Software (NYSE:DATA) last announced its quarterly earnings data on Wednesday, May 3rd. The software company reported ($0.67) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.51) by $0.16. Tableau Software had a negative net margin of 17.47% and a negative return on equity of 18.89%. The business had revenue of $199.90 million for the quarter, compared to the consensus estimate of $200.91 million. The firm’s revenue was up 16.4% on a year-over-year basis. Equities research analysts expect that Tableau Software will post $0.03 earnings per share for the current fiscal year.

In related news, Chairman Christian Chabot sold 250,000 shares of the stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $60.05, for a total transaction of $15,012,500.00. Following the completion of the sale, the chairman now directly owns 253,806 shares of the company’s stock, valued at $15,241,050.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Thomas E. Walker, Jr. sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $62.30, for a total transaction of $311,500.00. Following the sale, the chief financial officer now directly owns 140,900 shares of the company’s stock, valued at $8,778,070. The disclosure for this sale can be found here. Over the last three months, insiders have sold 705,215 shares of company stock valued at $43,065,473. Company insiders own 28.98% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Winfield Associates Inc. raised its stake in Tableau Software by 0.7% in the first quarter. Winfield Associates Inc. now owns 2,280 shares of the software company’s stock valued at $113,000 after buying an additional 15 shares in the last quarter. Westpac Banking Corp acquired a new stake in Tableau Software during the first quarter valued at approximately $126,000. Intellectus Partners LLC acquired a new stake in Tableau Software during the fourth quarter valued at approximately $135,000. FNY Partners Fund LP raised its stake in Tableau Software by 14,900.0% in the first quarter. FNY Partners Fund LP now owns 3,000 shares of the software company’s stock valued at $148,000 after buying an additional 2,980 shares in the last quarter. Finally, Karp Capital Management Corp acquired a new stake in Tableau Software during the first quarter valued at approximately $200,000. 70.40% of the stock is owned by institutional investors and hedge funds.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “DATA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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