The stock of Tableau Software Inc (NYSE:DATA) is a huge mover today! The stock decreased 3.46% or $1.93 on October 5, hitting $53.78. About 1.35M shares traded hands or 16.38% up from the average. Tableau Software Inc (NYSE:DATA) has risen 26.07% since March 2, 2016 and is uptrending. It has outperformed by 17.81% the S&P500.
The move comes after 5 months negative chart setup for the $4.03B company. It was reported on Oct, 5 by Barchart.com. We have $51.09 PT which if reached, will make NYSE:DATA worth $201.50 million less.
Analysts await Tableau Software Inc (NYSE:DATA) to report earnings on November, 3. They expect $-0.35 earnings per share, down 84.21% or $0.16 from last year’s $-0.19 per share. After $-0.62 actual earnings per share reported by Tableau Software Inc for the previous quarter, Wall Street now forecasts -43.55% EPS growth.
Tableau Software Inc (NYSE:DATA) Ratings Coverage
Out of 31 analysts covering Tableau Software (NYSE:DATA), 16 rate it a “Buy”, 2 “Sell”, while 13 “Hold”. This means 52% are positive. Tableau Software has been the topic of 58 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Barclays Capital maintained the stock with “Overweight” rating in Tuesday, August 23 report. The firm earned “Neutral” rating on Wednesday, July 20 by Citigroup. Goldman Sachs initiated Tableau Software Inc (NYSE:DATA) on Friday, December 11 with “Neutral” rating. Morgan Stanley downgraded it to “Equal-Weight” rating and $55 target price in Monday, February 8 report. The firm earned “Strong-Buy” rating on Wednesday, September 2 by Vetr. Sterne Agee CRT maintained the shares of DATA in a report on Friday, February 5 with “Buy” rating. The company was maintained on Friday, May 6 by UBS. The stock of Tableau Software Inc (NYSE:DATA) earned “Underweight” rating by Mitsubishi UFJ on Friday, May 6. The stock of Tableau Software Inc (NYSE:DATA) earned “Underweight” rating by Mitsubishi UFJ on Wednesday, January 13. The company was maintained on Tuesday, August 23 by Robert W. Baird.
According to Zacks Investment Research, “Tableau Software, Inc. engages in providing analytics and data visualization software. The company offers Tableau Desktop, Tableau Server and Tableau Public. It also provides related maintenance and support, and professional and training services. The Company’s product helps a single user on a laptop analyze data from a simple spreadsheet, or to enable thousands of users across an enterprise to execute queries against databases. Tableau Software, Inc. is headquartered in Seattle, Washington.”
Insitutional Activity: The institutional sentiment decreased to 0.8 in Q2 2016. Its down 0.17, from 0.97 in 2016Q1. The ratio dived, as 58 funds sold all Tableau Software Inc shares owned while 75 reduced positions. 42 funds bought stakes while 65 increased positions. They now own 52.58 million shares or 4.68% more from 50.23 million shares in 2016Q1.
Bank Of New York Mellon holds 0% of its portfolio in Tableau Software Inc (NYSE:DATA) for 199,760 shares. Advisory Svcs Net Ltd Llc has invested 0% of its portfolio in Tableau Software Inc (NYSE:DATA). Renaissance Technologies Ltd Liability Company holds 0.01% or 141,800 shares in its portfolio. Pine River Cap Lp has 862,166 shares for 0.5% of their US portfolio. Cadian Cap Management Limited Partnership has 2.59 million shares for 6.97% of their US portfolio. Moreover, American Int Gru has 0% invested in Tableau Software Inc (NYSE:DATA) for 1,354 shares. Prudential Incorporated reported 12,681 shares or 0% of all its holdings. Hmi Capital Ltd has 7.05% invested in the company for 765,000 shares. Bnp Paribas Inv Prtnrs Sa owns 351,273 shares or 0.15% of their US portfolio. Millennium Mgmt Limited Com has invested 0.07% of its portfolio in Tableau Software Inc (NYSE:DATA). New York State Common Retirement Fund, a New York-based fund reported 209,159 shares. Boothbay Fund Mgmt Limited Liability Com holds 0.12% or 4,938 shares in its portfolio. Spot Trading Ltd Liability Company holds 32,428 shares or 0.03% of its portfolio. Stephens Incorporated Ar accumulated 869 shares or 0% of the stock. Pacific Alternative Asset Mngmt Lc last reported 21,868 shares in the company.
More notable recent Tableau Software Inc (NYSE:DATA) news were published by: Wsj.com which released: “Tableau Software Hires New Chief Executive” on August 22, 2016, also Fortune.com with their article: “Why Tableau Software’s Stock Plunged 50% in February” published on March 23, 2016, Fool.com published: “Why Tableau Software, Inc. Fell Today” on May 06, 2016. More interesting news about Tableau Software Inc (NYSE:DATA) were released by: Techcrunch.com and their article: “Tableau Software’s Q2 earnings fall short of estimates” published on August 02, 2016 as well as Fool.com‘s news article titled: “Why Tableau Software, Inc. Gained 12.7% in April” with publication date: May 11, 2016.
DATA Company Profile
Tableau Software, Inc. (Tableau), incorporated on July 19, 2004, 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. The Company’s products are Tableau Desktop, a self-service analytics product; Tableau Server, a business intelligence platform for organizations; Tableau Online, a hosted software-as-a-service (SaaS) version of Tableau Server; Tableau Public, a cloud platform for analyzing and sharing public data, and Vizable, an iPhone operating software (iOS) application used to analyze data on a tablet. The Company’s products are used by people across a range of organizations, including small and medium-sized businesses, government agencies, universities, research institutions and non-profits
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