Tableau Software Inc (NYSE:DATA) was downgraded by investment analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research report issued on Monday, MarketBeat Ratings reports. They presently have a $84.47 target price on the software company’s stock. Vetr‘s target price indicates a potential upside of 14.82% from the stock’s previous close.

Shares of Tableau Software (NYSE:DATA) traded down 5.67% on Monday, hitting $73.57. The stock had a trading volume of 2,269,631 shares. The company’s market cap is $5.33 billion. Tableau Software has a one year low of $73.20 and a one year high of $131.34. The firm’s 50-day moving average is $88.56 and its 200-day moving average is $94.28.

Tableau Software (NYSE:DATA) last issued its earnings results on Thursday, November 5th. The software company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.07. The business had revenue of $170.80 million for the quarter, compared to analyst estimates of $157.62 million. During the same period last year, the business posted $0.06 EPS. Tableau Software’s revenue was up 63.4% on a year-over-year basis. On average, analysts expect that Tableau Software will post $0.45 EPS for the current fiscal year.

Other institutional investors recently bought and sold shares of the company. Saturna Capital bought a new position in Tableau Software during the third quarter valued at approximately $1,343,000. Baker Avenue Asset Management bought a new position in Tableau Software during the third quarter valued at approximately $231,000. KBC Group bought a new position in Tableau Software during the third quarter valued at approximately $111,000. Eagle Asset Management raised its position in Tableau Software by 72.0% in the third quarter. Eagle Asset Management now owns 378,416 shares of the software company’s stock valued at $30,190,000 after buying an additional 158,468 shares during the period. Finally, Janus Capital Management raised its position in Tableau Software by 132.1% in the third quarter. Janus Capital Management now owns 135,984 shares of the software company’s stock valued at $10,849,000 after buying an additional 77,384 shares during the period.

Other research analysts also recently issued reports about the company. William Blair reiterated a “buy” rating on shares of Tableau Software in a research note on Tuesday, October 27th. Wedbush reiterated an “outperform” rating and issued a $116.00 target price on shares of Tableau Software in a research note on Friday, January 1st. Zacks Investment Research upgraded Tableau Software from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 6th. Deutsche Bank reiterated a “buy” rating on shares of Tableau Software in a research note on Sunday, November 8th. Finally, Mitsubishi UFJ Financial Group started coverage on Tableau Software in a report on Wednesday, January 13th. They issued an “underweight” rating and a $81.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $114.55.

In other Tableau Software news, VP Kelly Wright sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 2nd. The stock was sold at an average price of $96.59, for a total transaction of $241,475.00. Following the sale, the vice president now owns 303,251 shares in the company, valued at $29,291,014.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Chris Stolte sold 250,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 11th. The shares were sold at an average price of $95.86, for a total value of $23,965,000.00. Following the sale, the insider now owns 4,361 shares in the company, valued at approximately $418,045.46. The disclosure for this sale can be found here.

Tableau Software, Inc. (NYSE:DATA) 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.

12 Month Chart for NYSE:DATA

To view Vetr’s full report, visit Vetr’s official website.

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