Talend (TLND) Cut to Sell at Zacks Investment Research

Talend (NASDAQ:TLND) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

According to Zacks, “Talend SA is a provider of big data and cloud integration solutions. Its commercial products are Data Fabric, Big Data Integration, Real-Time Big Data, Data Preparation, Data Integration, Cloud Integration, Data Quality, Application Integration, Master Data Management and metadata Manager. The company also provides technical support; and consulting and training services. Talend SA is based in Suresnes, France. “

Several other analysts have also recently issued reports on TLND. KeyCorp restated a “buy” rating and set a $44.00 target price on shares of Talend in a research report on Friday, September 22nd. Barclays upped their target price on shares of Talend from $44.00 to $55.00 and gave the company an “overweight” rating in a research report on Tuesday, November 7th. Finally, BidaskClub cut shares of Talend from a “hold” rating to a “sell” rating in a research report on Wednesday, December 6th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $46.00.

Shares of Talend (TLND) traded up $1.09 during midday trading on Friday, hitting $39.14. 269,600 shares of the stock traded hands, compared to its average volume of 308,933. The stock has a market cap of $1,108.90, a PE ratio of -44.99 and a beta of 2.92. Talend has a 52-week low of $21.25 and a 52-week high of $46.32.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd purchased a new stake in Talend in the 2nd quarter worth about $354,000. TimesSquare Capital Management LLC raised its position in Talend by 11.4% in the 2nd quarter. TimesSquare Capital Management LLC now owns 1,348,600 shares of the technology company’s stock worth $46,904,000 after purchasing an additional 137,600 shares during the period. Citigroup Inc. purchased a new stake in Talend in the 2nd quarter worth about $159,000. Lord Abbett & CO. LLC raised its position in Talend by 14.5% in the 2nd quarter. Lord Abbett & CO. LLC now owns 368,028 shares of the technology company’s stock worth $12,800,000 after purchasing an additional 46,669 shares during the period. Finally, Harbour Capital Advisors LLC purchased a new stake in Talend in the 3rd quarter worth about $264,000. Hedge funds and other institutional investors own 45.68% of the company’s stock.

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Talend Company Profile

Talend SA is a provider of open source integration solutions for data-oriented companies and integration platform under Apache Spark. The Company’s platform enables users to connect data and applications on-premise or in the cloud, in real time or in batch, Big Data or reference data. Its commercial products are Data Fabric, Big Data Integration, Real-Time Big Data, Data Preparation, Data Integration, Cloud Integration, Data Quality, Application Integration, Master Data Management and metadata Manager.

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