Shares of Tableau Software Inc. (NYSE:DATA) have been assigned an average rating of “Hold” from the forty-one research firms that are presently covering the stock. Four analysts have rated the stock with a sell rating, eighteen have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $67.23.
A number of equities research analysts have weighed in on DATA shares. Summit Redstone restated a “hold” rating and issued a $53.00 price objective on shares of Tableau Software in a report on Tuesday, July 19th. Bank of America Corp. restated a “buy” rating and issued a $75.00 price objective on shares of Tableau Software in a report on Friday, August 5th. Wedbush restated an “outperform” rating and issued a $70.00 price objective on shares of Tableau Software in a report on Monday, August 22nd. Cowen and Company restated a “market perform” rating and issued a $53.00 price objective on shares of Tableau Software in a report on Monday, August 1st. Finally, Oppenheimer Holdings Inc. started coverage on shares of Tableau Software in a report on Monday, August 15th. They issued an “outperform” rating and a $62.00 price objective on the stock.
In other news, Director Elliott H. Jurgensen, Jr. sold 3,242 shares of the firm’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $59.95, for a total value of $194,357.90. Following the completion of the sale, the director now owns 6,459 shares in the company, valued at approximately $387,217.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Thomas E. Walker, Jr. sold 1,410 shares of the firm’s stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $54.54, for a total transaction of $76,901.40. Following the completion of the sale, the chief financial officer now owns 104,856 shares of the company’s stock, valued at approximately $5,718,846.24. The disclosure for this sale can be found here. 28.98% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Advisor Group Inc. purchased a new stake in Tableau Software during the second quarter valued at about $109,000. Metropolitan Life Insurance Co. NY raised its stake in shares of Tableau Software by 11.2% in the second quarter. Metropolitan Life Insurance Co. NY now owns 4,131 shares of the software company’s stock worth $202,000 after buying an additional 417 shares during the last quarter. Freestone Capital Holdings LLC bought a new stake in shares of Tableau Software during the second quarter worth $217,000. Highland Private Wealth Management bought a new stake in shares of Tableau Software during the first quarter worth $229,000. Finally, IBM Retirement Fund raised its stake in shares of Tableau Software by 12.2% in the second quarter. IBM Retirement Fund now owns 5,549 shares of the software company’s stock worth $271,000 after buying an additional 604 shares during the last quarter. Hedge funds and other institutional investors own 70.66% of the company’s stock.
Tableau Software (NYSE:DATA) traded down 1.83% on Thursday, reaching $54.86. 385,339 shares of the company were exchanged. Tableau Software has a 12-month low of $36.60 and a 12-month high of $104.92. The firm has a 50-day moving average of $56.20 and a 200 day moving average of $51.73. The firm’s market capitalization is $4.13 billion.
Tableau Software Company Profile
Tableau Software, Inc (Tableau) offers software products. The Company’s technologies include visual query language (VizQL), a visual query language that translates drag-and-drop actions into data queries and then expresses the information visually, and Hybrid Data Architecture, which combines the Company’s Live Query and In-Memory Data Engines technologies.
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