Raymond James Financial began coverage on shares of Tableau Software (NYSE:DATA) in a research report released on Wednesday, MarketBeat.com reports. The brokerage issued a market perform rating on the software company’s stock.

Other equities analysts also recently issued reports about the company. Barclays reaffirmed a buy rating and issued a $80.00 price objective on shares of Tableau Software in a research note on Wednesday, October 11th. Needham & Company LLC started coverage on Tableau Software in a research note on Monday, October 23rd. They issued a buy rating and a $98.00 price objective for the company. Bank of America raised their price objective on Tableau Software from $84.00 to $90.00 and gave the company a buy rating in a research note on Wednesday, October 18th. KeyCorp reaffirmed a buy rating and issued a $85.00 price objective on shares of Tableau Software in a research note on Friday, October 6th. Finally, BidaskClub downgraded Tableau Software from a strong-buy rating to a buy rating in a research note on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, eighteen have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Tableau Software has a consensus rating of Hold and an average target price of $72.11.

Tableau Software (NYSE:DATA) traded up $0.91 during midday trading on Wednesday, reaching $73.95. The company had a trading volume of 519,060 shares, compared to its average volume of 491,254. Tableau Software has a 12-month low of $44.13 and a 12-month high of $82.32. The stock has a market cap of $5,896.92, a P/E ratio of -34.88 and a beta of 0.82.

Tableau Software (NYSE:DATA) last released its quarterly earnings data on Thursday, November 2nd. The software company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.07. Tableau Software had a negative return on equity of 20.89% and a negative net margin of 18.76%. The firm had revenue of $214.90 million during the quarter, compared to the consensus estimate of $219.43 million. During the same period last year, the business posted $0.16 EPS. Tableau Software’s quarterly revenue was up 4.3% on a year-over-year basis. equities research analysts forecast that Tableau Software will post -1.64 EPS for the current year.

In related news, CEO Adam Selipsky sold 7,272 shares of Tableau Software stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $70.67, for a total value of $513,912.24. Following the transaction, the chief executive officer now owns 237,592 shares in the company, valued at $16,790,626.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christian Chabot sold 450,000 shares of Tableau Software stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $70.49, for a total value of $31,720,500.00. Following the completion of the transaction, the insider now owns 231,820 shares in the company, valued at approximately $16,340,991.80. The disclosure for this sale can be found here. Insiders have sold 692,286 shares of company stock worth $48,819,636 in the last 90 days. Insiders own 28.98% of the company’s stock.

A number of institutional investors have recently modified their holdings of DATA. ETF Managers Group LLC acquired a new position in Tableau Software in the second quarter valued at $119,000. Invictus RG acquired a new position in Tableau Software in the third quarter valued at $123,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Tableau Software by 12.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,105 shares of the software company’s stock valued at $129,000 after acquiring an additional 231 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Tableau Software by 164.4% in the second quarter. BNP Paribas Arbitrage SA now owns 2,266 shares of the software company’s stock valued at $139,000 after acquiring an additional 1,409 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Tableau Software by 7.9% in the second quarter. The Manufacturers Life Insurance Company now owns 2,287 shares of the software company’s stock valued at $140,000 after acquiring an additional 167 shares during the last quarter. Hedge funds and other institutional investors own 81.29% of the company’s stock.

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Tableau Software Company Profile

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.

Analyst Recommendations for Tableau Software (NYSE:DATA)

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