Tableau Software (DATA) Given New $95.00 Price Target at Royal Bank of Canada

Tableau Software (NYSE:DATA) had its price target lifted by equities researchers at Royal Bank of Canada to $95.00 in a report released on Thursday. The firm presently has a “market perform” rating on the software company’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 4.40% from the company’s previous close.

DATA has been the topic of several other research reports. Raymond James began coverage on shares of Tableau Software in a research note on Wednesday, January 17th. They set a “market perform” rating on the stock. Jefferies Group upped their target price on shares of Tableau Software to $87.00 and gave the company a “hold” rating in a research note on Thursday. Citigroup upped their target price on shares of Tableau Software to $107.00 and gave the company a “buy” rating in a research note on Thursday. Needham & Company LLC increased their price objective on shares of Tableau Software to $113.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Finally, UBS set a $108.00 price objective on shares of Tableau Software and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Fifteen investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $93.00.

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DATA opened at $91.00 on Thursday. The stock has a market cap of $6,945.15, a price-to-earnings ratio of -38.89 and a beta of 0.78. Tableau Software has a 52-week low of $57.25 and a 52-week high of $97.09.

Tableau Software (NYSE:DATA) last posted its earnings results on Wednesday, May 2nd. The software company reported ($0.19) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.01). The company had revenue of $224.00 million for the quarter, compared to the consensus estimate of $217.92 million. Tableau Software had a negative net margin of 19.21% and a negative return on equity of 25.05%. Tableau Software’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.03 EPS. equities research analysts forecast that Tableau Software will post -1.95 earnings per share for the current fiscal year.

In related news, CEO Adam Selipsky sold 1,600 shares of the stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $82.54, for a total value of $132,064.00. Following the completion of the sale, the chief executive officer now directly owns 294,949 shares of the company’s stock, valued at approximately $24,345,090.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Christian Chabot sold 450,000 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $78.23, for a total transaction of $35,203,500.00. Following the completion of the sale, the chairman now directly owns 453,536 shares of the company’s stock, valued at $35,480,121.28. The disclosure for this sale can be found here. Insiders sold a total of 933,719 shares of company stock valued at $73,445,439 over the last three months. 28.98% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in DATA. Carillon Tower Advisers Inc. purchased a new stake in Tableau Software in the 4th quarter worth approximately $63,663,000. Eagle Asset Management Inc. grew its holdings in Tableau Software by 51.6% during the 4th quarter. Eagle Asset Management Inc. now owns 1,320,111 shares of the software company’s stock valued at $92,163,000 after buying an additional 449,445 shares in the last quarter. HMI Capital LLC grew its holdings in Tableau Software by 20.4% during the 4th quarter. HMI Capital LLC now owns 1,594,926 shares of the software company’s stock valued at $110,369,000 after buying an additional 270,740 shares in the last quarter. BlackRock Inc. grew its holdings in Tableau Software by 6.2% during the 4th quarter. BlackRock Inc. now owns 3,080,025 shares of the software company’s stock valued at $213,137,000 after buying an additional 180,810 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in Tableau Software by 15.3% during the 4th quarter. American Century Companies Inc. now owns 1,242,894 shares of the software company’s stock valued at $86,008,000 after buying an additional 165,035 shares in the last quarter. 83.06% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Tableau Software (NYSE:DATA)