BidaskClub Lowers Talend (NASDAQ:TLND) to Sell

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

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

Shares of NASDAQ TLND opened at $35.34 on Wednesday. The stock has a fifty day moving average price of $35.28 and a 200 day moving average price of $31.83. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 4.02. Talend has a 12-month low of $18.30 and a 12-month high of $42.90.

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

In related news, Director Sudhir Steven Singh acquired 15,000 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were bought at an average price of $33.03 per share, for a total transaction of $495,450.00. Following the acquisition, the director now 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 this hyperlink. Also, COO Laurent Bride sold 1,386 shares of Talend stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $29.73, for a total transaction of $41,205.78. Following the sale, the chief operating officer now owns 180,648 shares in the company, valued at $5,370,665.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,435 shares of company stock worth $113,884. Insiders own 4.90% of the company’s stock.

Several institutional investors have recently modified their holdings of TLND. Exchange Traded Concepts LLC bought a new stake in Talend during the 2nd quarter valued at $35,000. Advisor Group Holdings Inc. purchased a new stake in Talend during the first quarter valued at about $38,000. Cubist Systematic Strategies LLC purchased a new stake in Talend during the fourth quarter valued at about $39,000. Citigroup Inc. increased its position in shares of Talend by 763.1% during the first quarter. Citigroup Inc. now owns 4,842 shares of the technology company’s stock valued at $109,000 after buying an additional 4,281 shares during the period. Finally, Legal & General Group Plc increased its position in shares of Talend by 191.2% during the first quarter. Legal & General Group Plc now owns 2,775 shares of the technology company’s stock valued at $114,000 after buying an additional 1,822 shares during the period. Institutional investors and hedge funds own 93.28% of the company’s stock.

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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Analyst Recommendations for Talend (NASDAQ:TLND)

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