Tableau Software Inc (DATA) is Downgraded by DA Davidson to Neutral, Lowers Price Target to $ 59

Tableau Software Inc (DATA) was Downgraded by DA Davidson to ” Neutral” while Lowering the Price Target of the company shares to $ 59 from a previous price target of $101 . Earlier the firm had a rating of “Buy ” on the company shares. DA Davidson advised their investors in a research report released on Aug 3, 2016.

Many Wall Street Analysts have commented on Tableau Software Inc. Deutsche Bank Downgraded Tableau Software Inc on Jul 25, 2016 to ” Hold”, Price Target of the shares are set at $65.Shares were Reiterated by UBS on May 6, 2016 to “Buy” and Lowered the Price Target to $ 70 from a previous price target of $75 .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 .

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 -0.04 points or -0.07% at $56.4 with 25,98,519 shares getting traded on Tusday. Post opening the session at $56.18, the shares hit an intraday low of $55.63 and an intraday high of $57.14 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jun 8, 2016, Forest Baskett (director) sold 73,200 shares at $55.15 per share price. According to the SEC, on May 17, 2016, Chris Stolte (CDO and Co-Founder) sold 87 shares at $47.78 per share price. On May 17, 2016, Kelly Wright (Executive VP, Sales) sold 1,054 shares at $48.09 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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