UBS AG restated their buy rating on shares of Tableau Software, Inc. (NYSE:DATA) in a research report report published on Thursday morning, www.benzinga.com reports. UBS AG currently has a $101.00 target price on the software company’s stock, up from their previous target price of $74.00.
Several other research analysts have also recently issued reports on the stock. Bank of America Corporation raised their target price on shares of Tableau Software from $84.00 to $90.00 and gave the stock a buy rating in a report on Wednesday, October 18th. BidaskClub upgraded shares of Tableau Software from a buy rating to a strong-buy rating in a report on Saturday, August 26th. KeyCorp reiterated a buy rating and issued a $85.00 price target on shares of Tableau Software in a report on Friday, October 6th. Barclays PLC reiterated a buy rating and issued a $80.00 price target on shares of Tableau Software in a report on Wednesday, October 11th. Finally, Maxim Group reiterated a sell rating and issued a $30.00 price target on shares of Tableau Software in a report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $70.87.
Tableau Software (NYSE DATA) opened at $72.15 on Thursday. Tableau Software has a fifty-two week low of $41.41 and a fifty-two week high of $82.32.
Tableau Software (NYSE:DATA) last issued its earnings results on Thursday, November 2nd. The software company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.07. Tableau Software had a negative net margin of 18.76% and a negative return on equity of 20.89%. The firm had revenue of $214.90 million for the quarter, compared to analysts’ expectations of $219.43 million. During the same quarter last year, the business earned $0.16 earnings per share. The business’s revenue was up 4.3% on a year-over-year basis. equities analysts anticipate that Tableau Software will post -1.63 earnings per share for the current fiscal year.
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In other Tableau Software news, insider Chris Stolte sold 75,083 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $69.67, for a total value of $5,231,032.61. Following the completion of the transaction, the insider now owns 78,702 shares of the company’s stock, valued at approximately $5,483,168.34. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Andrew Beers sold 3,933 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $70.39, for a total value of $276,843.87. Following the completion of the transaction, the insider now directly owns 264,607 shares of the company’s stock, valued at approximately $18,625,686.73. The disclosure for this sale can be found here. In the last three months, insiders sold 679,959 shares of company stock valued at $47,984,126. 24.76% of the stock is owned by insiders.
Large investors have recently modified their holdings of the business. Alliancebernstein L.P. grew its stake in shares of Tableau Software by 79.3% during the 1st quarter. Alliancebernstein L.P. now owns 53,131 shares of the software company’s stock valued at $2,633,000 after purchasing an additional 23,499 shares during the period. Principal Financial Group Inc. bought a new stake in shares of Tableau Software during the 1st quarter valued at about $229,000. Wellington Management Group LLP bought a new stake in shares of Tableau Software during the 1st quarter valued at about $320,000. Teachers Advisors LLC grew its stake in shares of Tableau Software by 2.6% during the 1st quarter. Teachers Advisors LLC now owns 57,620 shares of the software company’s stock valued at $2,855,000 after purchasing an additional 1,459 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in shares of Tableau Software by 0.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,336 shares of the software company’s stock valued at $215,000 after purchasing an additional 20 shares during the period. 78.23% 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.
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