Tableau Software Inc (DATA) is Reiterated by UBS to Buy, Lowers Price Target to $ 70

Tableau Software Inc (DATA) was Reiterated by UBS to “Buy” while Lowering the Price Target of the company shares to $ 70 from a previous price target of $75 . UBS advised their investors in a research report released on May 6, 2016.

Many Wall Street Analysts have commented on Tableau Software Inc. Shares were Reiterated by Mizuho on May 6, 2016 to “Neutral” and Lowered the Price Target to $ 50 from a previous price target of $55 .Shares were Reiterated by Wunderlich on May 6, 2016 to “Buy” and Lowered the Price Target to $ 65 from a previous price target of $75 .Macquarie Initiated Tableau Software Inc on Apr 26, 2016 to “Neutral”, Price Target of the shares are set at $56.

On the company’s financial health, Tableau Software Inc reported $0.33 EPS for the quarter, beating the analyst consensus estimate by $ 0.18 according to the earnings call on Feb 4, 2016. Analyst had a consensus of $0.15. The company had revenue of $202.80 million for the quarter, compared to analysts expectations of $200.66 million. The company’s revenue was up 41.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS.

Tableau Software Inc closed down -5.77 points or -11.32% at $45.21 with 90,02,208 shares getting traded on Friday. Post opening the session at $47.76, the shares hit an intraday low of $44.04 and an intraday high of $47.97 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Feb 18, 2016, Thomas E Jr Walker (Chief Financial Officer) sold 2,537 shares at $40.39 per share price. According to the SEC, on Feb 18, 2016, Kelly Wright (Executive VP, Sales) sold 1,735 shares at $40.42 per share price. On Feb 18, 2016, Chris Stolte (CDO and Co-Founder) sold 103 shares at $40.40 per share price, according to the Form-4 filing with the securities and exchange commission.

Tableau Software Inc. (Tableau) is a provider of analytics and business intelligence software solutions. The Company’s products are Tableau Desktop a self-service analytics product Tableau Server a business intelligence platform for organizations Tableau Online a cloud-based version of Tableau Server and Tableau Public a free cloud-based platform for analyzing and sharing public data. The Company’s products are used by people across a range of organizations including Fortune 500 corporations small and medium-sized businesses government agencies universities research institutions and non-profits. 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 markets its products under the Tableau brand.

Tableau Software Inc

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