Tableau Software, Inc. (NYSE:DATA)‘s stock had its “hold” rating reiterated by analysts at Mizuho in a report released on Thursday, November 2nd. They presently have a $68.00 price objective on the software company’s stock. Mizuho’s price target would indicate a potential downside of 2.41% from the company’s previous close.
The analysts wrote, “We expect total revenue of $220-225mm (+7-9% Y/Y) vs. guidance of $213-223mm and consensus of $219mm. This includes license revenue of $105-110mm (down 6-10% Y/Y) vs. consensus of $106mm. For profitability, we expect operating income and EPS toward the upper-end of guidance of $5-13mm and $0.04-0.11, respectively, vs. consensus of $10mm and $0.09. Click here for our detailed preview and model. Checks suggest sustained focus on enterprise segment.””
A number of other research analysts also recently issued reports on DATA. Bank of America Corporation reaffirmed a “buy” rating and issued a $76.00 price objective on shares of Tableau Software in a report on Monday, July 17th. ValuEngine cut shares of Tableau Software from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. Maxim Group reaffirmed a “sell” rating and issued a $30.00 price objective on shares of Tableau Software in a report on Tuesday, July 25th. BidaskClub cut shares of Tableau Software from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research raised shares of Tableau Software from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Tableau Software currently has a consensus rating of “Hold” and an average target price of $72.11.
Tableau Software (NYSE:DATA) last posted its quarterly earnings data on Thursday, November 2nd. The software company reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.07. The business had revenue of $214.90 million during the quarter, compared to the consensus estimate of $219.43 million. Tableau Software had a negative net margin of 18.76% and a negative return on equity of 20.89%. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 earnings per share. equities analysts anticipate that Tableau Software will post -1.63 earnings per share for the current fiscal year.
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In other Tableau Software news, CEO Adam Selipsky sold 7,272 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $70.67, for a total transaction of $513,912.24. Following the completion of the transaction, the chief executive officer now directly owns 237,592 shares in the company, valued at approximately $16,790,626.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Elliott H. Jurgensen, Jr. sold 1,000 shares of the firm’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $72.07, for a total transaction of $72,070.00. Following the transaction, the director now owns 4,781 shares of the company’s stock, valued at $344,566.67. The disclosure for this sale can be found here. Insiders sold a total of 663,741 shares of company stock valued at $46,954,215 in the last 90 days. Company insiders own 24.76% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Hollencrest Securities LLC grew its holdings in shares of Tableau Software by 19.6% during the second quarter. Hollencrest Securities LLC now owns 17,027 shares of the software company’s stock worth $1,043,000 after buying an additional 2,793 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Tableau Software by 39.2% during the second quarter. American Century Companies Inc. now owns 1,091,341 shares of the software company’s stock worth $66,866,000 after buying an additional 307,122 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Tableau Software by 5.8% during the second quarter. Northern Trust Corp now owns 283,245 shares of the software company’s stock worth $17,355,000 after buying an additional 15,561 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of Tableau Software during the first quarter worth about $320,000. Finally, FMR LLC grew its holdings in shares of Tableau Software by 44.8% during the second quarter. FMR LLC now owns 2,387,444 shares of the software company’s stock worth $146,279,000 after buying an additional 738,623 shares in the last quarter. Institutional investors and hedge funds own 82.67% 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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