Tableau Software (NYSE:DATA) had its price target raised by JMP Securities from $77.00 to $94.00 in a report released on Friday. JMP Securities currently has a market outperform rating on the software company’s stock.

A number of other research analysts also recently commented on DATA. Morgan Stanley raised their target price on shares of Tableau Software from $76.00 to $83.00 and gave the company an equal weight rating in a research report on Friday. Needham & Company LLC raised their target price on shares of Tableau Software to $113.00 and gave the company a buy rating in a research report on Friday. Stifel Nicolaus reissued a buy rating and set a $95.00 target price on shares of Tableau Software in a research report on Friday. Barclays raised their target price on shares of Tableau Software from $82.00 to $98.00 and gave the company an overweight rating in a research report on Friday. Finally, Wells Fargo & Co raised their target price on shares of Tableau Software to $90.00 and gave the company a market perform rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Tableau Software currently has an average rating of Hold and an average price target of $79.68.

Shares of Tableau Software (NYSE:DATA) traded up $6.92 on Friday, reaching $84.01. 5,881,071 shares of the company were exchanged, compared to its average volume of 653,486. Tableau Software has a one year low of $47.30 and a one year high of $87.00. The company has a market cap of $6,700.00, a price-to-earnings ratio of -35.60 and a beta of 0.88.

Tableau Software (NYSE:DATA) last posted its earnings results on Thursday, February 1st. The software company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.09. The business had revenue of $249.40 million for the quarter, compared to the consensus estimate of $240.63 million. Tableau Software had a negative net margin of 21.16% and a negative return on equity of 23.76%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the firm posted $0.26 EPS. analysts expect that Tableau Software will post -1.61 EPS for the current fiscal year.

In other news, CEO Adam Selipsky sold 7,272 shares of Tableau Software stock in a transaction that occurred on Thursday, November 16th. The shares were 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 of the company’s stock, valued at approximately $16,790,626.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Thomas E. Walker, Jr. sold 5,000 shares of Tableau Software stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $71.39, for a total transaction of $356,950.00. Following the completion of the transaction, the chief financial officer now directly owns 137,478 shares in the company, valued at approximately $9,814,554.42. The disclosure for this sale can be found here. In the last ninety days, insiders sold 692,286 shares of company stock worth $48,819,636. Insiders own 28.98% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC grew its position in Tableau Software by 871.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,486 shares of the software company’s stock worth $102,000 after purchasing an additional 1,333 shares during the last quarter. Invictus RG purchased a new stake in Tableau Software during the 3rd quarter worth approximately $123,000. ETF Managers Group LLC purchased a new stake in Tableau Software during the 2nd quarter worth approximately $119,000. The Manufacturers Life Insurance Company grew its position in Tableau Software by 7.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,287 shares of the software company’s stock worth $140,000 after purchasing an additional 167 shares during the last quarter. Finally, Boston Advisors LLC purchased a new stake in Tableau Software during the 3rd quarter worth approximately $201,000. 81.30% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: “Tableau Software (DATA) Price Target Raised to $94.00 at JMP Securities” was published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this article on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this article can be viewed at https://theolympiareport.com/2018/02/03/tableau-software-data-price-target-raised-to-94-00-at-jmp-securities.html.

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.

Analyst Recommendations for Tableau Software (NYSE:DATA)

Receive News & Ratings for Tableau Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tableau Software and related companies with MarketBeat.com's FREE daily email newsletter.