KeyCorp Reaffirms Buy Rating for Tableau Software, Inc. (NYSE:DATA)
KeyCorp restated their buy rating on shares of Tableau Software, Inc. (NYSE:DATA) in a research note released on Sunday, July 30th. They currently have a $67.00 price target on the software company’s stock.
“We expect another quarter of mixed results based on a subscription model transition with a 27% y/y decline in perpetual license revenue partially offset by triple-digit growth in subscription license ARR bookings.”,” the firm’s analyst commented.
Other research analysts have also recently issued reports about the company. Vetr cut 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. Stifel Nicolaus reaffirmed a buy rating and set a $75.00 price objective on shares of Tableau Software in a research report on Thursday, May 4th. BTIG Research began coverage on Tableau Software in a research report on Monday, April 17th. They set a buy rating and a $65.00 price objective on the stock. UBS AG reaffirmed a buy rating and set a $68.00 price objective (up from $60.00) on shares of Tableau Software in a research report on Thursday, May 25th. Finally, Bank of America Corporation lifted their price objective on Tableau Software from $72.00 to $76.00 and gave the company a buy rating in a research report on Tuesday, May 30th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Tableau Software presently has an average rating of Hold and an average price target of $64.52.
Tableau Software (DATA) traded up 1.03% during midday trading on Friday, reaching $68.67. 712,433 shares of the company’s stock traded hands. Tableau Software has a one year low of $41.41 and a one year high of $71.53. The stock’s market cap is $5.43 billion. The stock’s 50 day moving average price is $64.97 and its 200-day moving average price is $57.31.
Tableau Software (NYSE:DATA) last announced its earnings results on Wednesday, August 2nd. The software company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.15. The business had revenue of $212.90 million for the quarter, compared to analysts’ expectations of $210.72 million. Tableau Software had a negative return on equity of 18.71% and a negative net margin of 17.08%. Tableau Software’s revenue was up 7.3% compared to the same quarter last year. Equities analysts predict that Tableau Software will post $0.21 earnings per share for the current year.
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In other Tableau Software news, insider Chris Stolte sold 75,103 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $61.69, for a total value of $4,633,104.07. Following the completion of the sale, the insider now directly owns 78,805 shares in the company, valued at approximately $4,861,480.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William Bosworth sold 500 shares of the company’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 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 1,161,625 shares of company stock valued at $79,348,706 over the last quarter. Company insiders own 28.98% of the company’s stock.
Several large investors have recently modified their holdings of DATA. Teachers Advisors LLC boosted its stake in shares of Tableau Software by 21.9% in the fourth quarter. Teachers Advisors LLC now owns 56,161 shares of the software company’s stock worth $2,367,000 after buying an additional 10,086 shares during the period. Merriman Wealth Management LLC bought a new stake in shares of Tableau Software during the first quarter worth $1,547,000. Hollencrest Securities LLC boosted its stake in shares of Tableau Software by 74.9% in the first quarter. Hollencrest Securities LLC now owns 14,234 shares of the software company’s stock worth $705,000 after buying an additional 6,095 shares during the period. Fisher Asset Management LLC boosted its stake in shares of Tableau Software by 5.5% in the first quarter. Fisher Asset Management LLC now owns 185,480 shares of the software company’s stock worth $9,191,000 after buying an additional 9,620 shares during the period. Finally, First Quadrant L P CA bought a new stake in shares of Tableau Software during the first quarter worth $3,846,000. Hedge funds and other institutional investors own 76.38% 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.
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