Talend (NASDAQ:TLND) Stock Rating Lowered by BidaskClub

BidaskClub cut shares of Talend (NASDAQ:TLND) from a hold rating to a sell rating in a research note published on Wednesday morning, BidAskClub reports.

A number of other research analysts have also recently weighed in on TLND. Barclays lifted their price objective on Talend from $36.00 to $44.00 and gave the company an overweight rating in a research report on Monday, July 20th. Citigroup boosted their price target on Talend from $36.00 to $42.00 and gave the stock a buy rating in a report on Thursday, May 7th. Goldman Sachs Group boosted their price target on Talend from $25.00 to $30.00 in a report on Monday, June 29th. Needham & Company LLC reissued a buy rating and issued a $48.00 price target on shares of Talend in a report on Thursday, May 28th. Finally, ValuEngine cut Talend from a buy rating to a hold rating in a report on Wednesday, July 15th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $43.33.

TLND stock opened at $35.34 on Wednesday. Talend has a twelve month low of $18.30 and a twelve month high of $42.90. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 4.02. The business’s 50-day moving average price is $35.28 and its 200-day moving average price is $31.83.

Talend (NASDAQ:TLND) last posted its quarterly earnings data on Wednesday, May 6th. The technology company reported ($0.13) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.29) by $0.16. Talend had a negative return on equity of 93.14% and a negative net margin of 24.00%. The firm had revenue of $68.12 million for the quarter, compared to analysts’ expectations of $64.92 million. During the same period in the previous year, the firm earned ($0.32) EPS. The business’s quarterly revenue was up 18.1% on a year-over-year basis. On average, analysts expect that Talend will post -1.71 EPS for the current fiscal year.

In other news, Director Sudhir Steven Singh acquired 15,000 shares of Talend stock in a transaction on Friday, May 29th. The shares were acquired at an average price of $33.03 per share, with a total value of $495,450.00. Following the purchase, the director now directly owns 18,000 shares in the company, valued at approximately $594,540. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael Tuchen sold 1,471 shares of Talend stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $35.47, for a total value of $52,176.37. Following the completion of the sale, the director now directly owns 604,452 shares in the company, valued at approximately $21,439,912.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,435 shares of company stock worth $113,884. Corporate insiders own 4.90% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS Group AG grew its stake in shares of Talend by 6.6% during the fourth quarter. UBS Group AG now owns 12,358 shares of the technology company’s stock valued at $484,000 after acquiring an additional 762 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Talend by 4.0% during the 1st quarter. Geode Capital Management LLC now owns 25,373 shares of the technology company’s stock valued at $569,000 after buying an additional 965 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of Talend during the 4th quarter valued at $39,000. Exchange Traded Concepts LLC acquired a new stake in shares of Talend during the 2nd quarter valued at $35,000. Finally, Macquarie Group Ltd. lifted its stake in shares of Talend by 4.6% in the 4th quarter. Macquarie Group Ltd. now owns 23,551 shares of the technology company’s stock valued at $921,000 after purchasing an additional 1,033 shares during the last quarter. 93.28% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading: What does a market perform rating mean?

Analyst Recommendations for Talend (NASDAQ:TLND)

Receive News & Ratings for Talend Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Talend and related companies with MarketBeat.com's FREE daily email newsletter.