Zacks Investment Research Upgrades Tableau Software Inc. (DATA) to “Hold”

Zacks Investment Research upgraded shares of Tableau Software Inc. (NYSE:DATA) from a sell rating to a hold rating in a research note released on Monday morning.

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. “

Several other research analysts also recently commented on the stock. Summit Redstone downgraded shares of Tableau Software from a hold rating to a sell rating in a report on Thursday, November 3rd. KeyCorp reissued an outperform rating and issued a $60.00 price target (down from $70.00) on shares of Tableau Software in a report on Thursday, November 3rd. Oppenheimer Holdings Inc. set a $55.00 price target on shares of Tableau Software and gave the company a buy rating in a report on Wednesday, November 2nd. Maxim Group cut their price target on shares of Tableau Software from $40.00 to $24.00 and set a sell rating for the company in a report on Wednesday, November 2nd. Finally, Wedbush reissued an outperform rating and issued a $65.00 price target (up from $53.00) on shares of Tableau Software in a report on Wednesday, November 2nd. Four research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Hold and an average target price of $63.11.

Analyst Recommendations for Tableau Software (NYSE:DATA)

Shares of Tableau Software (NYSE:DATA) opened at 47.32 on Monday. Tableau Software has a 12 month low of $36.60 and a 12 month high of $98.68. The company’s market cap is $3.60 billion. The firm’s 50-day moving average is $49.85 and its 200-day moving average is $52.41.

Tableau Software (NYSE:DATA) last announced its quarterly earnings results on Tuesday, November 1st. The software company reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.09. Tableau Software had a negative net margin of 21.14% and a negative return on equity of 21.72%. The firm earned $206.10 million during the quarter, compared to the consensus estimate of $213.87 million. During the same period last year, the firm earned $0.14 EPS. The business’s quarterly revenue was up 20.7% compared to the same quarter last year. On average, equities research analysts predict that Tableau Software will post $0.30 earnings per share for the current year.

In related news, CFO Thomas E. Walker, Jr. sold 40,000 shares of the company’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $60.00, for a total transaction of $2,400,000.00. Following the completion of the transaction, the chief financial officer now owns 144,856 shares in the company, valued at $8,691,360. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Kelly Wright sold 1,025 shares of the company’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $54.53, for a total transaction of $55,893.25. Following the transaction, the vice president now owns 304,937 shares of the company’s stock, valued at approximately $16,628,214.61. The disclosure for this sale can be found here. Corporate insiders own 28.98% of the company’s stock.

Several institutional investors have recently modified their holdings of DATA. Credit Agricole S A raised its position in shares of Tableau Software by 1.3% in the first quarter. Credit Agricole S A now owns 8,099 shares of the software company’s stock worth $372,000 after buying an additional 102 shares in the last quarter. Public Employees Retirement Association of Colorado raised its position in Tableau Software by 1.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 12,990 shares of the software company’s stock valued at $635,000 after buying an additional 173 shares during the period. Aperio Group LLC raised its position in Tableau Software by 3.4% in the third quarter. Aperio Group LLC now owns 5,386 shares of the software company’s stock valued at $298,000 after buying an additional 175 shares during the period. Winfield Associates Inc. raised its position in Tableau Software by 11.1% in the third quarter. Winfield Associates Inc. now owns 3,800 shares of the software company’s stock valued at $210,000 after buying an additional 380 shares during the period. Finally, Metropolitan Life Insurance Co. NY raised its position in 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 valued at $202,000 after buying an additional 417 shares during the period. Hedge funds and other institutional investors own 71.11% of the company’s stock.

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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