Tableau Software Inc (DATA) Lowered to Buy at Vetr Inc.

Vetr lowered shares of Tableau Software Inc (NYSE:DATA) from a strong-buy rating to a buy rating in a research report released on Thursday. The brokerage currently has $56.71 price objective on the software company’s stock.

Several other equities research analysts have also issued reports on the stock. Citigroup Inc raised shares of Tableau Software from a neutral rating to a buy rating and lifted their price target for the company from $50.00 to $64.00 in a report on Tuesday, January 24th. They noted that the move was a valuation call. Wells Fargo & Co initiated coverage on shares of Tableau Software in a report on Wednesday, January 11th. They set a market perform rating on the stock. Oppenheimer Holdings Inc. lowered shares of Tableau Software from an outperform rating to a market perform rating in a report on Tuesday, January 3rd. Rosenblatt Securities reaffirmed a buy rating and set a $70.00 price target on shares of Tableau Software in a report on Monday, March 20th. Finally, JMP Securities reaffirmed an outperform rating and set a $65.00 price target on shares of Tableau Software in a report on Monday, March 20th. Four analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Hold and an average price target of $59.64.

Tableau Software (NYSE:DATA) traded down 0.06% during mid-day trading on Thursday, reaching $53.95. 921,795 shares of the company were exchanged. Tableau Software has a 12-month low of $41.41 and a 12-month high of $62.53. The company’s 50 day moving average price is $49.97 and its 200-day moving average price is $48.29. The stock’s market capitalization is $4.21 billion.

Tableau Software (NYSE:DATA) last released its earnings results on Thursday, February 2nd. The software company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.13 by $0.13. The firm had revenue of $250.60 million for the quarter, compared to analyst estimates of $230.24 million. Tableau Software had a negative net margin of 17.47% and a negative return on equity of 18.89%. The business’s quarterly revenue was up 23.6% compared to the same quarter last year. During the same period last year, the firm earned $0.33 EPS. On average, equities research analysts forecast that Tableau Software will post $0.01 earnings per share for the current fiscal year.

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In other Tableau Software news, insider Chris Stolte sold 75,000 shares of the company’s stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $53.64, for a total transaction of $4,023,000.00. Following the sale, the insider now directly owns 78,908 shares of the company’s stock, valued at $4,232,625.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Elissa Fink sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 9th. The shares were sold at an average price of $54.19, for a total transaction of $270,950.00. Following the sale, the insider now directly owns 53,921 shares in the company, valued at $2,921,978.99. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 95,394 shares of company stock worth $5,133,399. Insiders own 28.98% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Delta Lloyd NV increased its stake in shares of Tableau Software by 393.0% in the third quarter. Delta Lloyd NV now owns 318,364 shares of the software company’s stock worth $17,596,000 after buying an additional 253,793 shares during the last quarter. First Trust Advisors LP purchased a new stake in shares of Tableau Software during the third quarter worth about $2,386,000. Marcus Capital LLC increased its stake in shares of Tableau Software by 18.9% in the third quarter. Marcus Capital LLC now owns 64,875 shares of the software company’s stock worth $3,586,000 after buying an additional 10,325 shares during the last quarter. State Street Corp increased its stake in shares of Tableau Software by 2.1% in the fourth quarter. State Street Corp now owns 694,891 shares of the software company’s stock worth $29,285,000 after buying an additional 14,395 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in shares of Tableau Software by 4.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,379,192 shares of the software company’s stock worth $76,228,000 after buying an additional 52,738 shares during the last quarter. 70.40% of the stock is currently owned by hedge funds and other 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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To view Vetr’s full report, visit Vetr’s official website.

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