Trading Report: The Tableau Software Inc. (DATA) Lowered by William Blair

The Tableau Software Inc. (DATA) Lowered by William Blair

Tableau Software Inc. (NYSE:DATA) was downgraded by William Blair from an “outperform” rating to a “market perform” rating in a note issued to investors on Wednesday.

A number of other analysts have also recently issued reports on DATA. Jefferies Group reduced their target price on shares of Tableau Software from $56.00 to $52.00 and set a “hold” rating for the company in a research note on Wednesday, August 3rd. FBN Securities reiterated an “outperform” rating and issued a $60.00 target price (down from $65.00) on shares of Tableau Software in a research note on Thursday, August 4th. Brean Capital reiterated a “hold” rating on shares of Tableau Software in a research note on Thursday, August 4th. Vetr upgraded shares of Tableau Software from a “buy” rating to a “strong-buy” rating and set a $60.29 target price for the company in a research note on Wednesday, August 3rd. Finally, Drexel Hamilton cut shares of Tableau Software from a “buy” rating to a “hold” rating in a research note on Wednesday, November 2nd. Four analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $62.14.

Shares of Tableau Software (NYSE:DATA) traded up 0.34% on Wednesday, reaching $47.02. 286,321 shares of the company’s stock traded hands. Tableau Software has a 52 week low of $36.60 and a 52 week high of $98.15. The company’s 50-day moving average is $47.49 and its 200-day moving average is $52.24. The firm’s market capitalization is $3.58 billion.

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

In related news, insider Andrew Beers sold 7,500 shares of the stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $47.13, for a total transaction of $353,475.00. Following the completion of the sale, the insider now directly owns 121,252 shares of the company’s stock, valued at approximately $5,714,606.76. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 28.98% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the company. Advisor Group Inc. acquired a new position in shares of Tableau Software during the second quarter valued at $109,000. Cowen Prime Services LLC acquired a new position in shares of Tableau Software during the third quarter valued at $111,000. The Manufacturers Life Insurance Company acquired a new position in shares of Tableau Software during the third quarter valued at $119,000. Metropolitan Life Insurance Co. NY boosted its position in shares of 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 in the last quarter. Finally, Winfield Associates Inc. boosted its position in shares of 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 in the last quarter. 68.92% of the stock is owned by institutional investors and hedge funds.

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