Talend (TLND) Hits New 12-Month High at $66.16

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Shares of Talend SA (NASDAQ:TLND) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $66.16 and last traded at $65.85, with a volume of 10343 shares traded. The stock had previously closed at $63.94.

A number of analysts have issued reports on TLND shares. Needham & Company LLC raised their target price on Talend from $64.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, August 7th. Citigroup raised Talend from a “neutral” rating to a “buy” rating and set a $72.00 target price for the company in a research report on Thursday, June 28th. BidaskClub downgraded Talend from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 23rd. Zacks Investment Research raised Talend from a “sell” rating to a “hold” rating in a research report on Thursday, August 30th. Finally, KeyCorp decreased their target price on Talend from $66.00 to $61.00 and set an “overweight” rating for the company in a research report on Tuesday, August 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. Talend presently has an average rating of “Buy” and an average price target of $60.67.

The stock has a market cap of $1.79 billion, a price-to-earnings ratio of -63.69 and a beta of 0.11. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.03.

Talend (NASDAQ:TLND) last announced its quarterly earnings results on Monday, August 6th. The technology company reported ($0.12) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.12). The company had revenue of $49.80 million during the quarter, compared to analysts’ expectations of $49.32 million. Talend had a negative return on equity of 190.77% and a negative net margin of 19.77%. The firm’s quarterly revenue was up 39.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.20) earnings per share. analysts expect that Talend SA will post -1.04 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Carnegie Capital Asset Management LLC grew its position in shares of Talend by 86.2% in the second quarter. Carnegie Capital Asset Management LLC now owns 22,340 shares of the technology company’s stock valued at $1,325,000 after purchasing an additional 10,340 shares in the last quarter. Putnam Investments LLC grew its position in shares of Talend by 16.9% in the second quarter. Putnam Investments LLC now owns 1,795,830 shares of the technology company’s stock valued at $111,845,000 after purchasing an additional 259,418 shares in the last quarter. Millennium Management LLC grew its position in shares of Talend by 45.7% in the second quarter. Millennium Management LLC now owns 248,529 shares of the technology company’s stock valued at $15,478,000 after purchasing an additional 77,934 shares in the last quarter. Centaurus Financial Inc. purchased a new position in shares of Talend in the second quarter valued at $101,000. Finally, Ardsley Advisory Partners grew its position in shares of Talend by 21.4% in the second quarter. Ardsley Advisory Partners now owns 8,500 shares of the technology company’s stock valued at $529,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors own 77.49% of the company’s stock.

About Talend (NASDAQ:TLND)

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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