Tableau Software Inc. (NYSE:DATA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “Tableau Software, Inc. engages in providing analytics and data visualization software. The company offers Tableau Desktop, Tableau Server and Tableau Public. It also provides related maintenance and support, and professional and training services. The Company’s product helps a single user on a laptop analyze data from a simple spreadsheet, or to enable thousands of users across an enterprise to execute queries against databases. Tableau Software, Inc. is headquartered in Seattle, Washington. “
A number of other analysts have also recently commented on the company. Summit Redstone reaffirmed a “hold” rating and set a $53.00 price target on shares of Tableau Software in a research report on Tuesday, July 19th. Bank of America Corp. reaffirmed a “buy” rating and set a $75.00 price target on shares of Tableau Software in a research report on Friday, August 5th. Wedbush reissued 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 reissued 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. began coverage on Tableau Software in a report on Monday, August 15th. They issued an “outperform” rating and a $62.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $68.55.
Tableau Software (NYSE:DATA) opened at 53.78 on Tuesday. The company’s 50-day moving average price is $56.38 and its 200-day moving average price is $52.15. Tableau Software has a 52 week low of $36.60 and a 52 week high of $104.92. The company’s market capitalization is $4.05 billion.
In other news, Director Elliott H. Jurgensen, Jr. sold 3,242 shares of the company’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $59.95, for a total transaction of $194,357.90. Following the sale, the director now owns 6,459 shares of the company’s stock, valued at $387,217.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kelly Wright sold 35,000 shares of the company’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $61.75, for a total value of $2,161,250.00. Following the sale, the vice president now directly owns 299,837 shares in the company, valued at approximately $18,514,934.75. The disclosure for this sale can be found here. Company insiders own 28.98% of the company’s stock.
Several hedge funds have recently bought and sold shares of DATA. Fiera Capital Corp bought a new stake in Tableau Software during the second quarter worth $35,513,000. Pine River Capital Management L.P. raised its stake in Tableau Software by 176.6% in the second quarter. Pine River Capital Management L.P. now owns 862,166 shares of the software company’s stock worth $42,177,000 after buying an additional 550,496 shares in the last quarter. Brookside Capital Management LLC raised its stake in Tableau Software by 32.6% in the first quarter. Brookside Capital Management LLC now owns 2,067,752 shares of the software company’s stock worth $94,848,000 after buying an additional 508,854 shares in the last quarter. Natixis raised its stake in Tableau Software by 5,202.0% in the first quarter. Natixis now owns 400,987 shares of the software company’s stock worth $18,393,000 after buying an additional 393,424 shares in the last quarter. Finally, Norges Bank bought a new stake in Tableau Software during the fourth quarter worth $36,613,000. 70.66% of the stock is currently owned by institutional investors and hedge funds.
About Tableau Software
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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