Tableau Software Inc (NYSE:DATA) Given Average Rating of “Hold” by Brokerages

Tableau Software Inc (NYSE:DATA) has earned an average rating of “Hold” from the twenty-three analysts that are covering the stock, MarketBeat.com reports. Fourteen analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $149.94.

DATA has been the subject of a number of analyst reports. KeyCorp boosted their target price on shares of Tableau Software from $158.00 to $165.00 and gave the company an “overweight” rating in a research note on Friday, June 7th. BTIG Research lowered shares of Tableau Software from a “buy” rating to a “neutral” rating in a research note on Monday, June 10th. Citigroup lowered shares of Tableau Software from a “buy” rating to a “neutral” rating and boosted their target price for the company from $156.00 to $178.00 in a research note on Wednesday, June 12th. Goldman Sachs Group assumed coverage on shares of Tableau Software in a research note on Friday, June 7th. They issued a “buy” rating and a $146.00 price target for the company. Finally, ValuEngine raised shares of Tableau Software from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 1st.

In related news, insider Adam Selipsky sold 11,828 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $122.08, for a total transaction of $1,443,962.24. Following the completion of the sale, the insider now directly owns 239,813 shares of the company’s stock, valued at $29,276,371.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Damon A. Fletcher sold 3,101 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $121.06, for a total transaction of $375,407.06. Following the sale, the chief financial officer now directly owns 48,955 shares of the company’s stock, valued at $5,926,492.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,263 shares of company stock valued at $3,110,257. Company insiders own 12.58% of the company’s stock.



Hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in shares of Tableau Software by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 173,969 shares of the software company’s stock worth $20,875,000 after acquiring an additional 950 shares during the period. Geode Capital Management LLC increased its position in shares of Tableau Software by 12.4% during the fourth quarter. Geode Capital Management LLC now owns 679,409 shares of the software company’s stock worth $81,528,000 after acquiring an additional 75,083 shares during the period. Hollencrest Capital Management increased its position in shares of Tableau Software by 301.7% during the first quarter. Hollencrest Capital Management now owns 155,160 shares of the software company’s stock worth $19,749,000 after acquiring an additional 116,534 shares during the period. Sciencast Management LP purchased a new stake in shares of Tableau Software during the first quarter worth $868,000. Finally, Nisa Investment Advisors LLC purchased a new stake in shares of Tableau Software during the first quarter worth $188,000. 88.84% of the stock is owned by institutional investors and hedge funds.

Tableau Software stock remained flat at $$169.53 during midday trading on Friday. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.25. The firm has a fifty day simple moving average of $171.09 and a 200-day simple moving average of $139.88. The firm has a market capitalization of $14.61 billion, a PE ratio of -53.14 and a beta of 1.49. Tableau Software has a 52-week low of $94.81 and a 52-week high of $177.59.

Tableau Software Company Profile

Tableau Software, Inc, together with its subsidiaries, provides business analytics software products. It offers Tableau Desktop, a self-service, powerful analytics product with data; Tableau Server, a business intelligence platform for organizations; Tableau Online, a hosted software-as-a-service version of Tableau Server; Tableau Prep, a data preparation product for combining, shaping, and cleaning data; and Tableau Public, a cloud-based platform for analyzing and sharing public data.

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Analyst Recommendations for Tableau Software (NYSE:DATA)

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