Tableau Software Inc (DATA) is Downgraded by RBC Capital Mkts to Sector Perform, Price Target at $65

Tableau Software Inc (DATA) was Downgraded by RBC Capital Mkts to ” Sector Perform” and the brokerage firm has set the Price Target at $65. Earlier the firm had a rating of “Outperform ” on the company shares. RBC Capital Mkts advised their investors in a research report released on Aug 25, 2016.

Many Wall Street Analysts have commented on Tableau Software Inc. Rosenblatt Initiated Tableau Software Inc on Aug 8, 2016 to “Buy”, Price Target of the shares are set at $70.Shares were Downgraded by DA Davidson on Aug 3, 2016 to ” Neutral” and Lowered the Price Target to $ 59 from a previous price target of $101 .Company shares were Reiterated by Wedbush on Aug 3, 2016 to “Outperform”, Firm has raised the Price Target to $ 70 from a previous price target of $68 .

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 opened for trading at $59.14 and hit $62.53 on the upside on Tuesday, eventually ending the session at $62.22, with a gain of 13.40% or 7.35 points. The heightened volatility saw the trading volume jump to 75,18,707 shares. Company has a market cap of $4,684 M.

In a different news, on Aug 18, 2016, Keenan Michael Conder (VP, GC & Secretary) sold 504 shares at $54.54 per share price. According to the SEC, on Aug 18, 2016, Elissa Fink (Chief Marketing Officer) sold 609 shares at $54.56 per share price. On Aug 18, 2016, Thomas E Jr Walker (Chief Financial Officer) sold 1,410 shares at $54.54 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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