Talend’s (TLND) “Outperform” Rating Reaffirmed at William Blair

Talend (NASDAQ:TLND)‘s stock had its “outperform” rating reaffirmed by investment analysts at William Blair in a research report issued to clients and investors on Thursday, Zacks.com reports.

Several other analysts have also issued reports on TLND. ValuEngine lowered shares of Talend from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 24th. Barclays set a $56.00 price target on shares of Talend and gave the stock a “buy” rating in a research report on Friday, November 1st. BidaskClub upgraded shares of Talend from a “strong sell” rating to a “sell” rating in a research report on Saturday, November 2nd. Zacks Investment Research lowered shares of Talend from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, KeyCorp set a $54.00 price target on shares of Talend and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $53.43.

NASDAQ:TLND opened at $35.10 on Thursday. Talend has a 1 year low of $31.14 and a 1 year high of $53.09. The firm’s fifty day simple moving average is $35.45 and its 200 day simple moving average is $39.69. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $1.10 billion, a PE ratio of -28.77 and a beta of -0.15.

Talend (NASDAQ:TLND) last posted its earnings results on Wednesday, November 6th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.16. Talend had a negative net margin of 25.39% and a negative return on equity of 249.51%. The business had revenue of $62.63 million for the quarter, compared to analyst estimates of $62.14 million. During the same period last year, the business posted ($0.09) EPS. Talend’s revenue was up 20.3% compared to the same quarter last year. As a group, analysts anticipate that Talend will post -1.51 EPS for the current fiscal year.

In other Talend news, COO Laurent Bride sold 1,385 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $39.30, for a total value of $54,430.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 4.30% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Putnam Investments LLC lifted its holdings in shares of Talend by 3.7% during the 2nd quarter. Putnam Investments LLC now owns 2,379,422 shares of the technology company’s stock worth $91,822,000 after acquiring an additional 84,716 shares during the period. Southpoint Capital Advisors LP lifted its holdings in shares of Talend by 52.0% during the 2nd quarter. Southpoint Capital Advisors LP now owns 1,300,000 shares of the technology company’s stock worth $50,167,000 after acquiring an additional 444,800 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Talend by 24.4% during the 2nd quarter. Wells Fargo & Company MN now owns 1,257,323 shares of the technology company’s stock worth $48,519,000 after acquiring an additional 246,951 shares during the period. Park West Asset Management LLC bought a new position in shares of Talend during the 2nd quarter worth about $26,975,000. Finally, Morgan Stanley lifted its holdings in shares of Talend by 78.7% during the 2nd quarter. Morgan Stanley now owns 571,595 shares of the technology company’s stock worth $22,057,000 after acquiring an additional 251,749 shares during the period. Institutional investors own 82.18% of the company’s stock.

About Talend

Talend SA provides software platform to address IT integration needs in various industries in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. 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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Analyst Recommendations for Talend (NASDAQ:TLND)

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