Talend (TLND) Stock Price Up 6.6%

Shares of Talend SA (NASDAQ:TLND) rose 6.6% during mid-day trading on Thursday . The company traded as high as $46.59 and last traded at $46.52. Approximately 514,032 shares were traded during trading, a decline of 25% from the average daily volume of 687,490 shares. The stock had previously closed at $43.65.

TLND has been the subject of a number of research analyst reports. BidaskClub raised shares of Talend from a “hold” rating to a “buy” rating in a report on Friday, November 2nd. KeyCorp reaffirmed a “buy” rating and set a $61.00 price objective on shares of Talend in a report on Thursday, November 8th. Needham & Company LLC lowered their price target on shares of Talend from $71.00 to $68.00 and set a “buy” rating for the company in a research note on Thursday, November 8th. Rosenblatt Securities downgraded shares of Talend from a “buy” rating to a “neutral” rating in a research note on Thursday, November 8th. Finally, Barclays reissued a “buy” rating and issued a $70.00 price target on shares of Talend in a research note on Friday, November 9th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $60.67.

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of -38.13 and a beta of 0.06.

Talend (NASDAQ:TLND) last posted its quarterly earnings results on Thursday, February 14th. The technology company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.14. The business had revenue of $55.70 million during the quarter, compared to the consensus estimate of $55.75 million. Talend had a negative net margin of 19.75% and a negative return on equity of 116.58%. The firm’s revenue for the quarter was up 34.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.28) earnings per share. Equities analysts anticipate that Talend SA will post -2.45 EPS for the current fiscal year.

In other Talend news, COO Laurent Bride sold 2,397 shares of the business’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $46.00, for a total value of $110,262.00. Following the completion of the sale, the chief operating officer now directly owns 138,626 shares of the company’s stock, valued at $6,376,796. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Several hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its position in shares of Talend by 12.9% in the fourth quarter. Bank of New York Mellon Corp now owns 2,330,624 shares of the technology company’s stock valued at $86,420,000 after acquiring an additional 267,076 shares during the period. FMR LLC increased its position in shares of Talend by 2.0% in the third quarter. FMR LLC now owns 1,665,707 shares of the technology company’s stock valued at $116,167,000 after acquiring an additional 32,970 shares during the period. Praesidium Investment Management Company LLC increased its position in shares of Talend by 51.7% in the fourth quarter. Praesidium Investment Management Company LLC now owns 1,464,776 shares of the technology company’s stock valued at $54,314,000 after acquiring an additional 498,916 shares during the period. SQN Investors LP increased its position in shares of Talend by 405.5% in the third quarter. SQN Investors LP now owns 784,082 shares of the technology company’s stock valued at $54,682,000 after acquiring an additional 628,983 shares during the period. Finally, Crosslink Capital Inc. increased its position in shares of Talend by 44.9% in the fourth quarter. Crosslink Capital Inc. now owns 652,064 shares of the technology company’s stock valued at $24,179,000 after acquiring an additional 202,130 shares during the period. Hedge funds and other institutional investors own 81.27% of the company’s stock.

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About Talend (NASDAQ:TLND)

Talend SA provides platform to address IT integration needs in various industries. It designs and develops Talend Data Fabric, a software platform that integrates data and applications in real time across big data and cloud environments, as well as traditional systems, which allows organizations to develop a unified view of their business and customers.

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