Tableau Software’s (NYSE:DATA) Overweight Rating Reiterated at Barclays PLC

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Barclays PLC reaffirmed their overweight rating on shares of Tableau Software, Inc. (NYSE:DATA) in a research report released on Wednesday. Barclays PLC currently has a $76.00 target price on the software company’s stock, up from their prior target price of $72.00.

Several other brokerages also recently issued reports on DATA. Zacks Investment Research raised shares of Tableau Software from a hold rating to a buy rating and set a $78.00 price objective for the company in a research report on Friday, August 4th. ValuEngine raised shares of Tableau Software from a sell rating to a hold rating in a research report on Friday, August 4th. TheStreet raised shares of Tableau Software from a d+ rating to a c- rating in a research report on Thursday, August 3rd. Royal Bank Of Canada reaffirmed a sector perform rating and issued a $70.00 price objective (up previously from $65.00) on shares of Tableau Software in a research report on Wednesday. Finally, Cowen and Company reaffirmed a market perform rating and issued a $60.00 price objective (up previously from $53.00) on shares of Tableau Software in a research report on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Hold and an average target price of $64.52.Tableau Software (NYSE:DATA) traded up 1.03% during midday trading on Wednesday, reaching $68.67. 712,433 shares of the company traded hands. Tableau Software has a 12 month low of $41.41 and a 12 month high of $71.53. The firm’s market capitalization is $5.43 billion. The company’s 50-day moving average price is $64.97 and its 200 day moving average price is $57.31.

Tableau Software (NYSE:DATA) last issued its quarterly earnings data on Wednesday, August 2nd. The software company reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.15. Tableau Software had a negative net margin of 17.08% and a negative return on equity of 18.71%. The company had revenue of $212.90 million during the quarter, compared to the consensus estimate of $210.72 million. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, equities analysts anticipate that Tableau Software will post $0.21 earnings per share for the current year.

In other news, EVP Keenan Michael Conder sold 6,800 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $68.22, for a total transaction of $463,896.00. Following the transaction, the executive vice president now directly owns 86,164 shares of the company’s stock, valued at $5,878,108.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Thomas E. Walker, Jr. sold 2,500 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $68.50, for a total value of $171,250.00. Following the transaction, the chief financial officer now directly owns 140,900 shares in the company, valued at $9,651,650. The disclosure for this sale can be found here. Insiders sold 1,161,625 shares of company stock worth $79,348,706 over the last quarter. 28.98% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Winfield Associates Inc. raised its position in shares of Tableau Software by 0.7% in the first quarter. Winfield Associates Inc. now owns 2,280 shares of the software company’s stock worth $113,000 after buying an additional 15 shares during the period. Westpac Banking Corp acquired a new position in shares of Tableau Software during the first quarter worth approximately $126,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Tableau Software by 12.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,105 shares of the software company’s stock worth $129,000 after buying an additional 231 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Tableau Software by 164.4% in the second quarter. BNP Paribas Arbitrage SA now owns 2,266 shares of the software company’s stock worth $139,000 after buying an additional 1,409 shares during the period. Finally, FNY Partners Fund LP raised its position in shares of Tableau Software by 14,900.0% in the first quarter. FNY Partners Fund LP now owns 3,000 shares of the software company’s stock worth $148,000 after buying an additional 2,980 shares during the period. 76.38% of the stock is currently owned by 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.

Analyst Recommendations for Tableau Software (NYSE:DATA)Source:-.thecerbatgem