Todays Report: The Tableau Software Inc. (DATA) Price Target Cut to $58.00 by Analysts at Wunderlich

The Tableau Software Inc. (DATA) Price Target Cut to $58.00 by Analysts at Wunderlich

Tableau Software Inc. (NYSE:DATA) had its target price decreased by stock analysts at Wunderlich from $65.00 to $58.00 in a research note issued on Wednesday. The brokerage presently has a “buy” rating on the software company’s stock. Wunderlich’s target price suggests a potential upside of 23.35% from the stock’s previous close.

DATA has been the topic of several other research reports. Morgan Stanley restated a “hold” rating and issued a $60.00 price objective on shares of Tableau Software in a research note on Tuesday, August 23rd. BMO Capital Markets dropped their price objective on Tableau Software from $55.00 to $50.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 2nd. Cowen and Company restated a “neutral” rating and issued a $53.00 price objective on shares of Tableau Software in a research note on Tuesday, August 23rd. Vetr lowered Tableau Software from a “buy” rating to a “sell” rating and set a $59.24 price objective on the stock. in a research note on Tuesday, August 23rd. Finally, Wedbush restated an “outperform” rating and issued a $70.00 price objective (up previously from $68.00) on shares of Tableau Software in a research note on Wednesday, August 3rd. Four equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $62.14.

Shares of Tableau Software (NYSE:DATA) traded up 0.34% during mid-day trading on Wednesday, reaching $47.02. The company had a trading volume of 286,321 shares. Tableau Software has a 12-month low of $36.60 and a 12-month high of $98.15. The stock’s market capitalization is $3.58 billion. The firm’s 50 day moving average is $47.49 and its 200-day moving average is $52.24.

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

In other Tableau Software news, insider Andrew Beers sold 7,500 shares of Tableau Software stock in a transaction dated 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 transaction, the insider now owns 121,252 shares in the company, valued at approximately $5,714,606.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 28.98% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in DATA. Credit Agricole S A increased its position in 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 during the period. Public Employees Retirement Association of Colorado increased 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 worth $635,000 after buying an additional 173 shares during the period. Aperio Group LLC increased 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 worth $298,000 after buying an additional 175 shares during the period. Winfield Associates Inc. increased 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 worth $210,000 after buying an additional 380 shares during the period. Finally, Metropolitan Life Insurance Co. NY increased 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 worth $202,000 after buying an additional 417 shares during the period. Institutional investors and hedge funds own 68.92% of the company’s stock.

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