Tableau Software (NYSE:DATA) had its price objective raised by JPMorgan Chase & Co. to $125.00 in a research report released on Wednesday, The Fly reports. The firm currently has an overweight rating on the software company’s stock.

Several other equities research analysts also recently commented on DATA. Barclays upped their target price on shares of Tableau Software from $104.00 to $114.00 and gave the company an overweight rating in a research note on Thursday, July 12th. Stifel Nicolaus upped their target price on shares of Tableau Software from $115.00 to $120.00 and gave the company a buy rating in a research note on Monday, July 16th. Goldman Sachs Group reaffirmed a buy rating and issued a $130.00 target price (up previously from $110.00) on shares of Tableau Software in a research note on Monday, July 23rd. Morgan Stanley upped their target price on shares of Tableau Software from $90.00 to $119.00 and gave the company a hold rating in a research note on Monday, July 23rd. Finally, Wedbush upped their target price on shares of Tableau Software from $104.00 to $120.00 and gave the company an outperform rating in a research note on Friday, July 27th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Tableau Software has an average rating of Hold and a consensus price target of $116.27.

NYSE DATA traded down $5.55 during trading hours on Wednesday, hitting $114.11. The company’s stock had a trading volume of 3,122,988 shares, compared to its average volume of 1,050,514. Tableau Software has a twelve month low of $68.37 and a twelve month high of $125.50. The firm has a market capitalization of $10.05 billion, a P/E ratio of -48.76 and a beta of 1.34.

Tableau Software (NYSE:DATA) last issued its earnings results on Tuesday, November 6th. The software company reported ($0.82) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.67) by ($0.15). Tableau Software had a negative net margin of 22.39% and a negative return on equity of 26.14%. The firm had revenue of $239.60 million during the quarter, compared to the consensus estimate of $242.19 million. During the same period in the previous year, the company posted $0.08 EPS. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. Equities research analysts anticipate that Tableau Software will post -2.75 earnings per share for the current fiscal year.

In related news, insider Chris Stolte sold 95,000 shares of the firm’s stock in a transaction on Monday, August 13th. The shares were sold at an average price of $102.64, for a total value of $9,750,800.00. Following the completion of the transaction, the insider now owns 98,536 shares of the company’s stock, valued at $10,113,735.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Adam Selipsky sold 3,400 shares of the firm’s stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $112.31, for a total transaction of $381,854.00. Following the completion of the transaction, the insider now directly owns 263,428 shares of the company’s stock, valued at approximately $29,585,598.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 216,672 shares of company stock valued at $22,674,095. 28.98% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the business. CIBC Private Wealth Group LLC acquired a new stake in Tableau Software in the second quarter valued at $126,000. Penserra Capital Management LLC acquired a new stake in Tableau Software in the third quarter valued at $156,000. Harvest Fund Management Co. Ltd lifted its stake in Tableau Software by 158.7% in the third quarter. Harvest Fund Management Co. Ltd now owns 1,816 shares of the software company’s stock valued at $203,000 after acquiring an additional 1,114 shares during the last quarter. LPL Financial LLC acquired a new stake in Tableau Software in the first quarter valued at $206,000. Finally, Pennsylvania Trust Co acquired a new stake in Tableau Software in the third quarter valued at $210,000. Hedge funds and other institutional investors own 82.67% of the company’s stock.

Tableau Software Company Profile

Tableau Software, Inc provides business analytics software products. It offers Tableau Desktop, an analytics product that empowers people to access and analyze data; and Tableau Server, a business intelligence platform with data management and scalability to foster sharing of analytics, as well as to enhance the dissemination of information in an organization and promote decision-making.

See Also: Technical Analysis of Stocks, How Can It Help

The Fly

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.