Fmr LLC raised its stake in Talend SA (NASDAQ:TLND) by 2.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,632,737 shares of the technology company’s stock after purchasing an additional 32,132 shares during the quarter. Fmr LLC owned approximately 5.60% of Talend worth $101,687,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. Northern Trust Corp grew its holdings in Talend by 284.6% during the 1st quarter. Northern Trust Corp now owns 39,365 shares of the technology company’s stock worth $1,894,000 after acquiring an additional 29,129 shares in the last quarter. Atria Investments LLC acquired a new position in Talend during the 2nd quarter worth approximately $325,000. Fred Alger Management Inc. acquired a new position in Talend during the 2nd quarter worth approximately $3,273,000. Sit Investment Associates Inc. acquired a new position in Talend during the 2nd quarter worth approximately $1,009,000. Finally, Diversified Trust Co acquired a new position in Talend during the 2nd quarter worth approximately $206,000. Hedge funds and other institutional investors own 78.70% of the company’s stock.
Shares of Talend stock opened at $41.52 on Friday. Talend SA has a 12-month low of $35.46 and a 12-month high of $73.52. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $1.75 billion, a PE ratio of -41.52 and a beta of 0.74.
Talend (NASDAQ:TLND) last issued its earnings results on Wednesday, November 7th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.01. Talend had a negative net margin of 19.77% and a negative return on equity of 190.77%. The business had revenue of $52.07 million during the quarter, compared to analysts’ expectations of $51.84 million. During the same quarter in the prior year, the business posted ($0.11) EPS. The company’s revenue for the quarter was up 32.2% on a year-over-year basis. As a group, research analysts expect that Talend SA will post -1.04 earnings per share for the current year.
TLND has been the subject of several analyst reports. BidaskClub cut shares of Talend from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. Needham & Company LLC boosted their price target on shares of Talend from $64.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, August 7th. Citigroup set a $86.00 price target on shares of Talend and gave the stock a “buy” rating in a report on Tuesday, September 18th. Barclays boosted their price target on shares of Talend from $72.00 to $91.00 and gave the stock an “overweight” rating in a report on Monday, September 17th. Finally, Rosenblatt Securities cut shares of Talend from a “buy” rating to a “neutral” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. Talend currently has an average rating of “Buy” and a consensus price target of $61.33.
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Talend Company Profile
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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