BMO Capital Markets Increases Tableau Software, Inc. (DATA) Price Target to $70.00

Tableau Software, Inc. (NYSE:DATA) had its target price lifted by research analysts at BMO Capital Markets from $64.00 to $70.00 in a note issued to investors on Thursday. The firm currently has a “market perform” rating on the software company’s stock. BMO Capital Markets’ price objective indicates a potential downside of 1.84% from the stock’s previous close.

A number of other equities research analysts have also commented on DATA. Vetr lowered Tableau Software from a “strong-buy” rating to a “buy” rating and set a $56.71 target price on the stock. in a research report on Thursday, April 6th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Tableau Software in a research report on Thursday, April 6th. Wedbush reiterated an “outperform” rating and issued a $60.00 target price on shares of Tableau Software in a research report on Friday, April 7th. JMP Securities reiterated an “outperform” rating and issued a $65.00 target price on shares of Tableau Software in a research report on Friday, April 7th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $50.00 target price on shares of Tableau Software in a research report on Thursday, April 13th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $64.52.

Shares of Tableau Software (NYSE DATA) traded up 2.16% during mid-day trading on Thursday, hitting $71.31. 1,562,141 shares of the stock were exchanged. The stock’s market cap is $5.60 billion. Tableau Software has a 12 month low of $41.41 and a 12 month high of $71.53. The stock’s 50 day moving average is $63.64 and its 200-day moving average is $56.16.

Tableau Software (NYSE:DATA) last posted its quarterly earnings data on Wednesday, August 2nd. The software company reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.15. Tableau Software had a negative net margin of 17.08% and a negative return on equity of 18.67%. The firm had revenue of $212.90 million for the quarter, compared to the consensus estimate of $210.72 million. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, analysts anticipate that Tableau Software will post $0.18 EPS for the current year.

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In other Tableau Software news, insider Elissa Fink sold 5,000 shares of the firm’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $60.17, for a total value of $300,850.00. Following the completion of the sale, the insider now directly owns 75,642 shares of the company’s stock, valued at approximately $4,551,379.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William Bosworth sold 500 shares of the firm’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $61.96, for a total value of $30,980.00. Following the completion of the sale, the director now directly owns 9,549 shares of the company’s stock, valued at $591,656.04. The disclosure for this sale can be found here. Insiders sold a total of 716,025 shares of company stock valued at $43,731,668 over the last ninety days. Corporate insiders own 28.98% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Winfield Associates Inc. boosted its position in Tableau Software by 0.7% in the first quarter. Winfield Associates Inc. now owns 2,280 shares of the software company’s stock worth $113,000 after buying an additional 15 shares in the last quarter. Westpac Banking Corp acquired a new position in Tableau Software during the first quarter worth $126,000. BNP Paribas Arbitrage SA boosted its position in Tableau Software by 164.4% in the second quarter. BNP Paribas Arbitrage SA now owns 2,266 shares of the software company’s stock worth $139,000 after buying an additional 1,409 shares in the last quarter. FNY Partners Fund LP boosted its position in Tableau Software by 14,900.0% in the first quarter. FNY Partners Fund LP now owns 3,000 shares of the software company’s stock worth $148,000 after buying an additional 2,980 shares in the last quarter. Finally, Intellectus Partners LLC boosted its position in Tableau Software by 7.8% in the first quarter. Intellectus Partners LLC now owns 3,450 shares of the software company’s stock worth $171,000 after buying an additional 250 shares in the last quarter. Institutional investors and hedge funds own 76.65% of the company’s stock.

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.

Analyst Recommendations for Tableau Software (NYSE:DATA)

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