Several other research firms also recently issued reports on TLND. Citigroup lifted their price target on Talend from $36.00 to $42.00 and gave the company a buy rating in a research note on Thursday, May 7th. ValuEngine lowered Talend from a buy rating to a hold rating in a research report on Wednesday, July 15th. Needham & Company LLC reaffirmed a buy rating and set a $48.00 price target on shares of Talend in a research report on Thursday, May 28th. Goldman Sachs Group lifted their price objective on shares of Talend from $25.00 to $30.00 in a report on Monday, June 29th. Finally, Barclays boosted their price objective on shares of Talend from $36.00 to $44.00 and gave the stock an overweight rating in a research report on Monday, July 20th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $43.33.
NASDAQ:TLND opened at $35.34 on Wednesday. The company has a debt-to-equity ratio of 4.02, a current ratio of 1.48 and a quick ratio of 1.48. The business’s 50-day simple moving average is $35.28 and its 200-day simple moving average is $31.83. Talend has a fifty-two week low of $18.30 and a fifty-two week high of $42.90. The stock has a market capitalization of $1.09 billion, a PE ratio of -17.58 and a beta of 0.88.
Talend (NASDAQ:TLND) last announced its earnings results on Wednesday, May 6th. The technology company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.29) by $0.16. Talend had a negative net margin of 24.00% and a negative return on equity of 93.14%. The firm had revenue of $68.12 million for the quarter, compared to the consensus estimate of $64.92 million. During the same period last year, the company posted ($0.32) EPS. The business’s quarterly revenue was up 18.1% on a year-over-year basis. On average, research analysts expect that Talend will post -1.71 earnings per share for the current year.
In other news, Director Sudhir Steven Singh acquired 15,000 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was bought at an average price of $33.03 per share, with a total value of $495,450.00. Following the transaction, the director now directly owns 18,000 shares in the company, valued at approximately $594,540. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael Tuchen sold 1,471 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $35.47, for a total transaction of $52,176.37. Following the transaction, the director now owns 604,452 shares in the company, valued at $21,439,912.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,435 shares of company stock valued at $113,884. Corporate insiders own 4.90% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Exchange Traded Concepts LLC acquired a new stake in shares of Talend in the second quarter valued at approximately $35,000. Advisor Group Holdings Inc. bought a new stake in Talend in the 1st quarter valued at $38,000. Cubist Systematic Strategies LLC acquired a new stake in Talend during the 4th quarter valued at $39,000. Citigroup Inc. boosted its position in Talend by 763.1% during the first quarter. Citigroup Inc. now owns 4,842 shares of the technology company’s stock worth $109,000 after purchasing an additional 4,281 shares during the period. Finally, Legal & General Group Plc boosted its position in Talend by 191.2% during the first quarter. Legal & General Group Plc now owns 2,775 shares of the technology company’s stock worth $114,000 after purchasing an additional 1,822 shares during the period. 93.28% of the stock is currently owned by hedge funds and other institutional investors.
Talend Company Profile
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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