Tableau Software Inc (DATA) is Reiterated by Wedbush to Outperform, Lowers Price Target to $ 65

Tableau Software Inc (DATA) was Reiterated by Wedbush to “Outperform” while Lowering the Price Target of the company shares to $ 65 from a previous price target of $70 . Wedbush advised their investors in a research report released on Oct 14, 2016.

Many Wall Street Analysts have commented on Tableau Software Inc. RBC Capital Mkts Downgraded Tableau Software Inc on Aug 25, 2016 to ” Sector Perform”, Price Target of the shares are set at $65.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 .

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 -0.89 points or -1.75% at $49.94 with 14,33,614 shares getting traded on Tuesday. Post opening the session at $50.81, the shares hit an intraday low of $49.76 and an intraday high of $51.63 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Aug 25, 2016, Kelly Wright (Executive VP, Sales) sold 35,000 shares at $61.50 per share price. According to the SEC, on Aug 25, 2016, Thomas E Jr Walker (Chief Financial Officer) sold 40,000 shares at $60.00 per share price. On Aug 18, 2016, Keenan Michael Conder (VP, GC & Secretary) sold 504 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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