Can Tableau Software Inc (DATA)’s Tomorrow be Different? The Stock Formed a Wedge Up Chart Pattern

September 17, 2017 - By wolcottdaily

Investors sentiment increased to 1.05 in Q4 2016. Its up 0.10, from 0.95 in 2016Q3. It increased, as 32 investors sold Tableau Software Inc shares while 59 reduced holdings. 31 funds opened positions while 65 raised stakes. 54.34 million shares or 1.03% more from 53.78 million shares in 2016Q3 were reported.
Schwab Charles Inv Management reported 0.01% in Tableau Software Inc (NYSE:DATA). Creative Planning has invested 0% of its portfolio in Tableau Software Inc (NYSE:DATA). Raymond James And Assoc has 0% invested in Tableau Software Inc (NYSE:DATA) for 21,918 shares. Hall Laurie J Trustee has invested 0% in Tableau Software Inc (NYSE:DATA). Stifel owns 0% invested in Tableau Software Inc (NYSE:DATA) for 13,497 shares. Parametric Portfolio Associates Limited Liability Com has invested 0% in Tableau Software Inc (NYSE:DATA). Cubist Systematic Strategies Lc stated it has 11,141 shares or 0.04% of all its holdings. Bancorp Of America De holds 0% or 150,248 shares. Moreover, Spot Trading Lc has 0.04% invested in Tableau Software Inc (NYSE:DATA). Ontario – Canada-based Royal Savings Bank Of Canada has invested 0% in Tableau Software Inc (NYSE:DATA). Integral Derivatives Ltd Company has 26,175 shares. Altimeter Mngmt L P holds 5.61% or 2.59M shares in its portfolio. Group One Trading Lp holds 0% of its portfolio in Tableau Software Inc (NYSE:DATA) for 10,301 shares. 181,400 are owned by 1832 Asset Mngmt L P. Jefferies Grp Lc stated it has 0.02% of its portfolio in Tableau Software Inc (NYSE:DATA).

The stock of Tableau Software Inc (DATA) formed an up wedge with $81.02 target or 8.00 % above today’s $75.02 share price. The 8 months wedge indicates low risk for the $5.93B company. If the $81.02 price target is reached, the company will be worth $474.40 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock decreased 0.28% or $0.21 on September 15, reaching $75.02. About 708,030 shares traded. Tableau Software Inc (NYSE:DATA) has risen 25.71% since September 17, 2016 and is uptrending. It has outperformed by 9.01% the S&P500.

Analysts expect Tableau Software Inc (NYSE:DATA) to report $-0.37 EPS on November, 7.They anticipate $0.03 EPS change or 7.50 % from last quarter’s $-0.4 EPS. After having $-0.54 EPS previously, Tableau Software Inc’s analysts see -31.48 % EPS growth.

Tableau Software Inc (NYSE:DATA) Ratings Coverage

Among 39 analysts covering Tableau Software (NYSE:DATA), 17 have Buy rating, 3 Sell and 19 Hold. Therefore 44% are positive. Tableau Software had 110 analyst reports since July 24, 2015 according to SRatingsIntel. On Wednesday, January 13 the stock rating was initiated by Mitsubishi UFJ with “Underweight”. The company was maintained on Friday, May 6 by Mizuho. Drexel Hamilton downgraded the stock to “Hold” rating in Wednesday, November 2 report. As per Thursday, August 3, the company rating was maintained by BMO Capital Markets. The stock has “Buy” rating by Sterne Agee CRT on Friday, February 5. The stock of Tableau Software Inc (NYSE:DATA) earned “Outperform” rating by Wedbush on Friday, September 18. The rating was downgraded by OTR Global to “Mixed” on Friday, October 21. The stock of Tableau Software Inc (NYSE:DATA) earned “Hold” rating by Jefferies on Friday, May 26. The rating was maintained by Stifel Nicolaus on Thursday, August 3 with “Buy”. Robert W. Baird maintained it with “Outperform” rating and $80 target in Friday, February 5 report.

More important recent Tableau Software Inc (NYSE:DATA) news were published by: which released: “TABLEAU ALERT: Rosen Law Firm Reminds Tableau Software, Inc. Investors of …” on September 13, 2017, also published article titled: “Why Tableau Software, Inc. Stock Rose 12.5% in August”, published: “Tableau: Roaring Back To Life” on September 14, 2017. More interesting news about Tableau Software Inc (NYSE:DATA) was released by: and their article: “Glancy Prongay & Murray LLP Continues Investigation on Behalf of Tableau …” with publication date: September 15, 2017.

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