Tableau Software (DATA) Receives “Buy” Rating from Bank of America

Bank of America reissued their buy rating on shares of Tableau Software (NYSE:DATA) in a report published on Monday. The firm currently has a $140.00 price target on the software company’s stock.

Other equities analysts have also issued research reports about the stock. Barclays increased their target price on shares of Tableau Software from $114.00 to $123.00 and gave the stock an overweight rating in a research report on Monday, August 6th. Maxim Group increased their target price on shares of Tableau Software from $107.00 to $127.00 and gave the stock a hold rating in a research report on Wednesday, November 7th. JPMorgan Chase & Co. increased their target price on shares of Tableau Software to $125.00 and gave the stock an overweight rating in a research report on Wednesday, November 7th. Royal Bank of Canada increased their target price on shares of Tableau Software to $120.00 and gave the stock a market perform rating in a research report on Wednesday, November 7th. Finally, Citigroup set a $148.00 target price on shares of Tableau Software and gave the stock a buy rating in a research report on Wednesday, November 7th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $118.41.

DATA opened at $127.97 on Monday. The stock has a market cap of $10.34 billion, a P/E ratio of -54.69 and a beta of 1.36. Tableau Software has a fifty-two week low of $69.00 and a fifty-two week high of $129.28.



Tableau Software (NYSE:DATA) last issued its earnings results on Tuesday, November 6th. The software company reported ($0.82) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.67) by ($0.15). The business had revenue of $239.60 million for the quarter, compared to the consensus estimate of $242.19 million. Tableau Software had a negative return on equity of 25.49% and a negative net margin of 22.39%. Tableau Software’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.08 EPS. On average, equities analysts forecast that Tableau Software will post -2.88 EPS for the current year.

In other news, Director A Brooke Seawell sold 649 shares of the stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $118.54, for a total value of $76,932.46. Following the sale, the director now directly owns 1,297 shares of the company’s stock, valued at $153,746.38. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William Bosworth sold 324 shares of the stock in a transaction dated Monday, November 26th. The stock was sold at an average price of $111.32, for a total transaction of $36,067.68. Following the completion of the sale, the director now directly owns 9,590 shares in the company, valued at $1,067,558.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,240,848 shares of company stock worth $140,158,728. Insiders own 28.98% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Clearbridge Investments LLC lifted its holdings in shares of Tableau Software by 13.7% in the third quarter. Clearbridge Investments LLC now owns 450,868 shares of the software company’s stock worth $50,380,000 after buying an additional 54,490 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Tableau Software by 5.1% in the third quarter. Vanguard Group Inc. now owns 6,118,849 shares of the software company’s stock worth $683,720,000 after buying an additional 299,635 shares in the last quarter. Morgan Stanley raised its stake in Tableau Software by 7.9% in the third quarter. Morgan Stanley now owns 84,584 shares of the software company’s stock valued at $9,451,000 after purchasing an additional 6,209 shares in the last quarter. Rehmann Capital Advisory Group raised its stake in Tableau Software by 10,980.9% in the third quarter. Rehmann Capital Advisory Group now owns 40,002 shares of the software company’s stock valued at $358,000 after purchasing an additional 39,641 shares in the last quarter. Finally, Garde Capital Inc. raised its stake in Tableau Software by 14.7% in the third quarter. Garde Capital Inc. now owns 17,309 shares of the software company’s stock valued at $2,038,000 after purchasing an additional 2,222 shares in the last quarter. 84.93% of the stock is currently owned by hedge funds and other institutional investors.

About Tableau Software

Tableau Software, Inc provides business analytics software products. It offers Tableau Desktop, an analytics product that empowers people to access and analyze data; and Tableau Server, a business intelligence platform with data management and scalability to foster sharing of analytics, as well as to enhance the dissemination of information in an organization and promote decision-making.

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Analyst Recommendations for Tableau Software (NYSE:DATA)

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