Cowen & Company Initiates Coverage on Tableau Software Inc to Market Perform

Cowen & Company Initiates Coverage on Tableau Software Inc(NYSE:DATA). The shares have been rated Market Perform. The rating by Cowen & Company was issued on Jun 24, 2016.

In a different note, On May 6, 2016, Wunderlich said it Maintains its rating on Tableau Software Inc. In the research note, the firm Lowers the price-target to $75.00 per share. The shares have been rated ‘Buy’ by the firm. On May 6, 2016, Mitsubishi UFJ said it Downgrades its rating on Tableau Software Inc. The shares have been rated ‘Underweight’ by the firm. Macquarie said it Initiates Coverage on Tableau Software Inc, according to a research note issued on Apr 26, 2016. The shares have been rated ‘Neutral’ by the firm.

Tableau Software Inc (DATA) made into the market gainers list on Wednesdays trading session with the shares advancing 2.43% or 1.17 points. Due to strong positive momentum, the stock ended at $49.28, which is also near the day’s high of $49.69. The stock began the session at $48.56 and the volume stood at 10,26,247 shares. The 52-week high of the shares is $131.34 and the 52 week low is $36.6. The company has a current market capitalization of $3,666 M and it has 7,43,95,814 shares in outstanding.

Tableau Software Inc(DATA) last announced its earnings results on Feb 4, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $202.75M. Analysts had an estimated revenue of $200.85M. Earnings per share were $0.33. Analysts had estimated an EPS of $0.16.

Several Insider Transactions has been reported to the SEC. On Jun 8, 2016, Forest Baskett (director) sold 73,200 shares at $55.15 per share price.Also, On May 17, 2016, Chris Stolte (CDO and Co-Founder) sold 87 shares at $47.78 per share price.On May 17, 2016, Christian Chabot (CEO, Co-Founder and Chairman) sold 87 shares at $47.95 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.

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