What’s Tableau Software Inc Upside After Today’s Bullish Options Activity?

 What's Tableau Software Inc Upside After Today's Bullish Options Activity?

In today’s session Tableau Software Inc (DATA) registered an unusually high (232) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the April, 2017 call, expecting serious DATA increase. With 232 contracts traded and 1194 open interest for the Apr, 17 contract, it seems this is a quite bullish bet. The option with symbol: DATA170421C00060000 closed last at: $4.8 or 15.8% down. About 187,589 shares traded hands. Tableau Software Inc (NYSE:DATA) has risen 13.74% since March 7, 2016 and is uptrending. It has outperformed by 6.15% the S&P500.

Analysts await Tableau Software Inc (NYSE:DATA) to report earnings on November, 3. They expect $-0.35 earnings per share, down 84.21% or $0.16 from last year’s $-0.19 per share. After $-0.62 actual earnings per share reported by Tableau Software Inc for the previous quarter, Wall Street now forecasts -43.55% EPS growth.

Tableau Software Inc (NYSE:DATA) Ratings Coverage

Out of 31 analysts covering Tableau Software (NYSE:DATA), 16 rate it a “Buy”, 2 “Sell”, while 13 “Hold”. This means 52% are positive. $145 is the highest target while $42 is the lowest. The $75.45 average target is 48.00% above today’s ($50.98) stock price. Tableau Software has been the topic of 58 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Mitsubishi UFJ initiated the shares of DATA in a report on Wednesday, January 13 with “Underweight” rating. Mizuho maintained Tableau Software Inc (NYSE:DATA) on Friday, May 6 with “Neutral” rating. The company was maintained on Tuesday, August 23 by Barclays Capital. Morgan Stanley downgraded the shares of DATA in a report on Monday, February 8 to “Equal-Weight” rating. Mizuho maintained the stock with “Neutral” rating in Thursday, July 30 report. Susquehanna maintained the stock with “Neutral” rating in Friday, February 5 report. The stock of Tableau Software Inc (NYSE:DATA) earned “Mkt Perform” rating by FBR Capital on Friday, November 6. Drexel Hamilton initiated it with “Buy” rating and $120 target price in Friday, October 9 report. The firm has “Strong-Buy” rating by Vetr given on Wednesday, August 26. The stock of Tableau Software Inc (NYSE:DATA) has “Outperform” rating given on Friday, February 5 by Credit Suisse.

According to Zacks Investment Research, “Tableau Software, Inc. engages in providing analytics and data visualization software. The company offers Tableau Desktop, Tableau Server and Tableau Public. It also provides related maintenance and support, and professional and training services. The Company’s product helps a single user on a laptop analyze data from a simple spreadsheet, or to enable thousands of users across an enterprise to execute queries against databases. Tableau Software, Inc. is headquartered in Seattle, Washington.”

Insitutional Activity: The institutional sentiment decreased to 0.8 in 2016 Q2. Its down 0.17, from 0.97 in 2016Q1. The ratio turned negative, as 58 funds sold all Tableau Software Inc shares owned while 75 reduced positions. 42 funds bought stakes while 65 increased positions. They now own 52.58 million shares or 4.68% more from 50.23 million shares in 2016Q1.
Prudential Fincl Inc holds 0% of its portfolio in Tableau Software Inc (NYSE:DATA) for 12,681 shares. Princeton Alpha Mngmt Lp has 43,481 shares for 0.38% of their US portfolio. Thompson Siegel Walmsley Ltd last reported 0% of its portfolio in the stock. Next Fincl Grp Inc has 200 shares for 0% of their US portfolio. Citadel Advsr owns 226,893 shares or 0.01% of their US portfolio. Freestone Capital Hldgs Limited Liability Co holds 4,426 shares or 0.02% of its portfolio. Bnp Paribas Arbitrage has invested 0% of its portfolio in Tableau Software Inc (NYSE:DATA). Checchi Cap Advisers Lc has invested 0% of its portfolio in Tableau Software Inc (NYSE:DATA). Moreover, Fil Limited has 0.05% invested in Tableau Software Inc (NYSE:DATA) for 303,952 shares. Lmr Partners Limited Liability Partnership accumulated 0.29% or 37,682 shares. Meritech Associate Iii Limited owns 675,937 shares or 27.72% of their US portfolio. Fmr Ltd Limited Liability Company accumulated 1.78 million shares or 0.01% of the stock. The New York-based Ibm Retirement Fund has invested 0.01% in Tableau Software Inc (NYSE:DATA). Gam Hldg Ag has 59,005 shares for 0.04% of their US portfolio. Altimeter Cap Mngmt Limited Partnership last reported 5.29% of its portfolio in the stock.

Tableau Software, Inc. offers software products. The company has a market cap of $3.75 billion. 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. It currently has negative earnings. The Company’s products are Tableau Desktop, a self-service analytics product; Tableau Server, a business intelligence platform for organizations; Tableau Online, a hosted software-as-a-service (SaaS) version of Tableau Server; Tableau Public, a cloud platform for analyzing and sharing public data, and Vizable, an iPhone operating software (iOS) application used to analyze data on a tablet.

DATA Company Profile

Tableau Software, Inc. (Tableau), incorporated on July 19, 2004, offers software products. 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’s products are Tableau Desktop, a self-service analytics product; Tableau Server, a business intelligence platform for organizations; Tableau Online, a hosted software-as-a-service (SaaS) version of Tableau Server; Tableau Public, a cloud platform for analyzing and sharing public data, and Vizable, an iPhone operating software (iOS) application used to analyze data on a tablet. The Company’s products are used by people across a range of organizations, including small and medium-sized businesses, government agencies, universities, research institutions and non-profits

Another recent and important Tableau Software Inc (NYSE:DATA) news was published by Wsj.com which published an article titled: “Tableau Software Hires New Chief Executive” on August 22, 2016.

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