Tableau Software Inc Class A (DATA) Expected to Post Quarterly Sales of $242.81 Million

Wall Street brokerages forecast that Tableau Software Inc Class A (NYSE:DATA) will report $242.81 million in sales for the current quarter, Zacks reports. Eleven analysts have provided estimates for Tableau Software Inc Class A’s earnings, with the highest sales estimate coming in at $246.52 million and the lowest estimate coming in at $237.20 million. Tableau Software Inc Class A reported sales of $214.92 million during the same quarter last year, which would suggest a positive year over year growth rate of 13%. The company is expected to announce its next quarterly earnings results on Thursday, November 1st.

On average, analysts expect that Tableau Software Inc Class A will report full-year sales of $979.71 million for the current fiscal year, with estimates ranging from $970.20 million to $991.24 million. For the next year, analysts expect that the business will post sales of $1.12 billion per share, with estimates ranging from $1.06 billion to $1.20 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Tableau Software Inc Class A.

Tableau Software Inc Class A (NYSE:DATA) last announced its quarterly earnings results on Thursday, August 2nd. The software company reported ($0.71) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.66) by ($0.05). The company had revenue of $243.60 million during the quarter, compared to analyst estimates of $237.23 million. Tableau Software Inc Class A had a negative net margin of 20.38% and a negative return on equity of 24.51%. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.10 EPS.

Several equities analysts recently weighed in on the stock. Citigroup lifted their target price on shares of Tableau Software Inc Class A from $107.00 to $123.00 and gave the company a “buy” rating in a report on Thursday, June 28th. KeyCorp lifted their target price on shares of Tableau Software Inc Class A from $125.00 to $131.00 and gave the company an “overweight” rating in a report on Friday, August 3rd. Wedbush lifted their target price on shares of Tableau Software Inc Class A from $104.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, July 27th. Royal Bank of Canada lifted their target price on shares of Tableau Software Inc Class A to $105.00 and gave the company a “market perform” rating in a report on Wednesday, August 1st. Finally, Stifel Nicolaus lifted their target price on shares of Tableau Software Inc Class A from $115.00 to $120.00 and gave the company a “buy” rating in a report on Monday, July 16th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $111.33.

NYSE:DATA opened at $115.55 on Friday. Tableau Software Inc Class A has a twelve month low of $68.37 and a twelve month high of $118.08.

In related news, insider Chris Stolte sold 172,791 shares of Tableau Software Inc Class A stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $103.56, for a total transaction of $17,894,235.96. Following the sale, the insider now owns 176,327 shares of the company’s stock, valued at approximately $18,260,424.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William Bosworth sold 324 shares of Tableau Software Inc Class A stock in a transaction on Friday, August 24th. The stock was sold at an average price of $103.64, for a total transaction of $33,579.36. Following the sale, the director now directly owns 10,027 shares in the company, valued at approximately $1,039,198.28. The disclosure for this sale can be found here. Insiders have sold a total of 969,063 shares of company stock worth $100,306,003 in the last ninety days. 28.98% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in DATA. CIBC Private Wealth Group LLC bought a new stake in shares of Tableau Software Inc Class A in the 2nd quarter worth about $126,000. Diversified Trust Co bought a new stake in shares of Tableau Software Inc Class A in the 1st quarter worth about $204,000. LPL Financial LLC bought a new stake in shares of Tableau Software Inc Class A in the 1st quarter worth about $206,000. Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new stake in shares of Tableau Software Inc Class A in the 1st quarter worth about $209,000. Finally, Comerica Bank bought a new stake in shares of Tableau Software Inc Class A in the 1st quarter worth about $213,000. 82.69% of the stock is currently owned by hedge funds and other institutional investors.

About Tableau Software Inc Class A

Tableau Software, Inc provides business analytics software products. It offers Tableau Desktop, an analytics product that empowers people to access and analyze data; and Tableau Server, a business intelligence platform with data management and scalability to foster sharing of analytics, as well as to enhance the dissemination of information in an organization and promote decision-making.

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