Published On: Thu, Sep 15th, 2016

Tableau Software Inc. (DATA) Given a $62.00 Price Target at Oppenheimer Holdings Inc.

Tableau Software Inc. (NYSE:DATA) received a $62.00 price target from equities research analysts at Oppenheimer Holdings Inc. in a research note issued on Wednesday. The firm presently has a a “buy” rating on the software company’s stock. Oppenheimer Holdings Inc.’s target price would suggest a potential upside of 11.95% from the stock’s previous close.
Several other research firms have also commented on DATA. Vetr lowered Tableau Software from a “buy” rating to a “sell” rating and set a $59.24 price objective for the company. in a research note on Tuesday, August 23rd. Drexel Hamilton restated a “buy” rating and set a $75.00 target price on shares of Tableau Software in a report on Wednesday, August 24th. Royal Bank Of Canada cut Tableau Software from an “outperform” rating to a “sector perform” rating and set a $65.00 target price on the stock. in a report on Thursday, August 25th. RBC Capital Markets cut Tableau Software from an “outperform” rating to a “sector perform” rating and set a $65.00 target price on the stock. in a report on Thursday, August 25th. Finally, Deutsche Bank AG cut Tableau Software from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a report on Monday, July 25th. Four research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Tableau Software presently has a consensus rating of “Hold” and an average price target of $68.73.
Shares of Tableau Software (NYSE:DATA) traded down 0.23% during mid-day trading on Wednesday, reaching $55.25. The company’s stock had a trading volume of 1,032,047 shares. Tableau Software has a 12-month low of $36.60 and a 12-month high of $104.92. The firm’s market cap is $4.16 billion. The firm’s 50-day moving average price is $56.30 and its 200 day moving average price is $51.00.

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In other Tableau Software news, CFO Thomas E. Walker, Jr. sold 40,000 shares of the stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $60.00, for a total value of $2,400,000.00. Following the completion of the transaction, the chief financial officer now directly owns 144,856 shares of the company’s stock, valued at $8,691,360. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Kelly Wright sold 1,025 shares of the stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $54.53, for a total transaction of $55,893.25. Following the completion of the transaction, the vice president now directly owns 304,937 shares of the company’s stock, valued at $16,628,214.61. The disclosure for this sale can be found here. 28.98% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of DATA. Advisor Group Inc. bought a new position in shares of Tableau Software during the second quarter worth about $109,000. Metropolitan Life Insurance Co. NY boosted its position in shares of Tableau Software by 11.2% in the second quarter. Metropolitan Life Insurance Co. NY now owns 4,131 shares of the software company’s stock worth $202,000 after buying an additional 417 shares during the period. Freestone Capital Holdings LLC bought a new position in shares of Tableau Software during the second quarter worth about $217,000. Highland Private Wealth Management bought a new position in shares of Tableau Software during the first quarter worth about $229,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Tableau Software during the first quarter worth about $252,000. 71.26% of the stock is owned by institutional investors.
Tableau Software Company Profile
Tableau Software, Inc (Tableau) offers software products. The Company’s technologies include visual query language (VizQL), a visual query language that translates drag-and-drop actions into data queries and then expresses the information visually, and Hybrid Data Architecture, which combines the Company’s Live Query and In-Memory Data Engines technologies.

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