Tableau Software Inc (DATA) Target Price Boosted to $72.00

Tableau Software Inc (DATA) Target Price Boosted to $72.00

Tableau Software Inc (NYSE:DATA) had its target price raised by Barclays PLC from $60.00 to $72.00 in a research report released on Tuesday. They currently have an overweight rating on the software company’s stock.

A number of other analysts also recently issued reports on the stock. Vetr upgraded shares of Tableau Software from a buy rating to a strong-buy rating and set a $57.96 price objective on the stock in a report on Monday, April 17th. BTIG Research started coverage on shares of Tableau Software in a report on Monday, April 17th. They issued a buy rating and a $65.00 price objective on the stock. Wunderlich lifted their price objective on shares of Tableau Software from $55.00 to $65.00 and gave the company a hold rating in a report on Thursday, May 4th. OTR Global upgraded shares of Tableau Software to a positive rating in a report on Friday, April 21st. Finally, Rosenblatt Securities reiterated a buy rating and issued a $70.00 price objective on shares of Tableau Software in a report on Monday, March 20th. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Tableau Software has a consensus rating of Hold and an average price target of $60.65.

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

Tableau Software (NYSE:DATA) last posted its quarterly earnings data on Wednesday, May 3rd. The software company reported ($0.67) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 during the quarter, compared to analyst estimates of $200.91 million. The company’s revenue was up 16.4% compared to the same quarter last year. Analysts anticipate that Tableau Software will post $0.03 EPS for the current year.

In other news, CFO Thomas E. Walker, Jr. sold 35,500 shares of the business’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $64.80, for a total value of $2,300,400.00. Following the completion of the sale, the chief financial officer now owns 170,834 shares of the company’s stock, valued at $11,070,043.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Chris Stolte sold 150,000 shares of the business’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $60.15, for a total transaction of $9,022,500.00. Following the completion of the sale, the insider now directly owns 153,805 shares of the company’s stock, valued at approximately $9,251,370.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 705,215 shares of company stock valued at $43,065,473. Company insiders own 28.98% of the company’s stock.

Several large investors have recently made changes to their positions in DATA. Winfield Associates Inc. boosted its stake in shares of Tableau Software by 0.7% in the first quarter. Winfield Associates Inc. now owns 2,280 shares of the software company’s stock worth $113,000 after buying an additional 15 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Tableau Software by 0.5% in the first quarter. PNC Financial Services Group Inc. now owns 4,336 shares of the software company’s stock valued at $215,000 after buying an additional 20 shares in the last quarter. Utah Retirement Systems boosted its stake in Tableau Software by 1.0% in the first quarter. Utah Retirement Systems now owns 10,000 shares of the software company’s stock valued at $495,000 after buying an additional 100 shares in the last quarter. Intellectus Partners LLC boosted its stake in Tableau Software by 7.8% in the first quarter. Intellectus Partners LLC now owns 3,450 shares of the software company’s stock valued at $171,000 after buying an additional 250 shares in the last quarter. Finally, Marcus Capital LLC boosted its stake in Tableau Software by 0.5% in the first quarter. Marcus Capital LLC now owns 60,050 shares of the software company’s stock valued at $2,975,000 after buying an additional 275 shares in the last quarter. 70.40% of the stock is owned by institutional investors.

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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