Tableau Software, Inc. (NYSE:DATA) had its price target upped by investment analysts at BMO Capital Markets from $70.00 to $77.00 in a note issued to investors on Friday, November 3rd. The brokerage currently has a “market perform” rating on the software company’s stock. BMO Capital Markets’ price objective suggests a potential upside of 10.90% from the stock’s previous close. The analysts noted that the move was a valuation call.
Several other equities research analysts also recently commented on the company. Royal Bank Of Canada restated a “sector perform” rating and set a $70.00 price objective (up previously from $65.00) on shares of Tableau Software in a report on Wednesday, August 9th. Barclays PLC reaffirmed an “overweight” rating and set a $76.00 target price (up previously from $72.00) on shares of Tableau Software in a research report on Wednesday, August 9th. KeyCorp reaffirmed a “buy” rating and set a $85.00 target price (up previously from $75.00) on shares of Tableau Software in a research report on Thursday, September 21st. Deutsche Bank AG lifted their target price on Tableau Software from $65.00 to $70.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. Finally, ValuEngine raised Tableau Software from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $72.11.
Tableau Software (DATA) traded down $0.25 during trading hours on Friday, reaching $69.43. The company had a trading volume of 959,202 shares, compared to its average volume of 1,035,958. Tableau Software has a fifty-two week low of $41.41 and a fifty-two week high of $82.32.
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In other news, Director William Bosworth sold 450 shares of the stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $71.52, for a total transaction of $32,184.00. Following the sale, the director now directly owns 9,099 shares of the company’s stock, valued at approximately $650,760.48. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Elliott H. Jurgensen, Jr. sold 1,000 shares of the stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $72.07, for a total transaction of $72,070.00. Following the sale, the director now directly owns 4,781 shares in the company, valued at $344,566.67. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 675,941 shares of company stock worth $47,807,313. Insiders own 24.76% of the company’s stock.
A number of institutional investors have recently modified their holdings of DATA. BlackRock Inc. lifted its stake in Tableau Software by 35,180.2% in the 1st quarter. BlackRock Inc. now owns 2,452,329 shares of the software company’s stock valued at $121,514,000 after buying an additional 2,445,378 shares in the last quarter. Artisan Partners Limited Partnership lifted its stake in Tableau Software by 168.2% in the 3rd quarter. Artisan Partners Limited Partnership now owns 3,744,414 shares of the software company’s stock valued at $280,419,000 after buying an additional 2,348,049 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Tableau Software by 340.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,065,931 shares of the software company’s stock valued at $65,311,000 after buying an additional 824,067 shares in the last quarter. FMR LLC lifted its stake in Tableau Software by 44.8% in the 2nd quarter. FMR LLC now owns 2,387,444 shares of the software company’s stock valued at $146,279,000 after buying an additional 738,623 shares in the last quarter. Finally, Ardevora Asset Management LLP acquired a new stake in Tableau Software in the 3rd quarter valued at about $34,289,000. 82.67% of the stock is currently owned by hedge funds and other institutional investors.
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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