Wedbush Cuts Tableau Software (DATA) Price Target to $100.00

Tableau Software (NYSE:DATA) had its price objective reduced by Wedbush from $104.00 to $100.00 in a research note published on Thursday morning. They currently have an outperform rating on the software company’s stock.

A number of other research firms also recently issued reports on DATA. Deutsche Bank boosted their target price on shares of Tableau Software from $85.00 to $90.00 and gave the company a hold rating in a research report on Thursday. JMP Securities boosted their target price on shares of Tableau Software from $77.00 to $94.00 and gave the company a market outperform rating in a research report on Friday, February 2nd. Bank of America boosted their target price on shares of Tableau Software from $90.00 to $108.00 and gave the company a buy rating in a research report on Friday, February 2nd. Needham & Company LLC restated a buy rating and set a $125.00 target price (up from $113.00) on shares of Tableau Software in a research report on Thursday. Finally, Stifel Nicolaus boosted their target price on shares of Tableau Software from $95.00 to $100.00 and gave the company a buy rating in a research report on Thursday. Fifteen research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Tableau Software has a consensus rating of Buy and a consensus target price of $93.00.

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Shares of NYSE:DATA traded up $0.21 on Thursday, hitting $91.00. 1,544,161 shares of the company were exchanged, compared to its average volume of 974,045. Tableau Software has a 1-year low of $57.25 and a 1-year high of $97.09. The company has a market capitalization of $7,419.69, a P/E ratio of -38.89 and a beta of 0.78.

Tableau Software (NYSE:DATA) last posted its earnings results on Wednesday, May 2nd. The software company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.01). The business had revenue of $224.00 million for the quarter, compared to analyst estimates of $217.92 million. Tableau Software had a negative net margin of 19.21% and a negative return on equity of 25.05%. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.03 earnings per share. research analysts forecast that Tableau Software will post -2.07 earnings per share for the current fiscal year.

In other news, EVP Keenan Michael Conder sold 2,500 shares of the business’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $84.39, for a total transaction of $210,975.00. Following the completion of the sale, the executive vice president now owns 119,842 shares of the company’s stock, valued at $10,113,466.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 1,600 shares of the business’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $82.54, for a total transaction of $132,064.00. Following the sale, the chief executive officer now directly owns 294,949 shares of the company’s stock, valued at approximately $24,345,090.46. The disclosure for this sale can be found here. Insiders have sold 933,719 shares of company stock valued at $73,445,439 in the last three months. Corporate insiders own 28.98% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Tableau Software by 6.2% during the fourth quarter. BlackRock Inc. now owns 3,080,025 shares of the software company’s stock worth $213,137,000 after purchasing an additional 180,810 shares in the last quarter. HMI Capital LLC increased its stake in shares of Tableau Software by 20.4% during the fourth quarter. HMI Capital LLC now owns 1,594,926 shares of the software company’s stock worth $110,369,000 after purchasing an additional 270,740 shares in the last quarter. Eagle Asset Management Inc. increased its stake in shares of Tableau Software by 51.6% during the fourth quarter. Eagle Asset Management Inc. now owns 1,320,111 shares of the software company’s stock worth $92,163,000 after purchasing an additional 449,445 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Tableau Software by 15.3% during the fourth quarter. American Century Companies Inc. now owns 1,242,894 shares of the software company’s stock worth $86,008,000 after purchasing an additional 165,035 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Tableau Software by 5.8% during the fourth quarter. Renaissance Technologies LLC now owns 1,133,600 shares of the software company’s stock worth $78,445,000 after purchasing an additional 61,900 shares in the last quarter. 83.06% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Tableau Software (NYSE:DATA)

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