Zacks Investment Research Lowers Talend SA (TLND) to Sell

Zacks Investment Research lowered shares of Talend SA (NASDAQ:TLND) from a hold rating to a sell rating in a report published on Saturday morning.

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. “

Shares of Talend SA (NASDAQ:TLND) traded down 1.03% during midday trading on Friday, hitting $29.76. 158,572 shares of the stock were exchanged. The firm’s 50 day moving average price is $29.01 and its 200-day moving average price is $25.04. Talend SA has a 52-week low of $21.02 and a 52-week high of $34.49. The stock’s market cap is $832.42 million.

Talend SA (NASDAQ:TLND) last issued its quarterly earnings data on Thursday, February 9th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.05. The firm had revenue of $30.50 million for the quarter, compared to analysts’ expectations of $29.42 million. The firm’s revenue for the quarter was up 45.9% on a year-over-year basis. On average, equities research analysts expect that Talend SA will post ($0.71) earnings per share for the current fiscal year.

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Several hedge funds have recently modified their holdings of the company. Capital World Investors purchased a new stake in shares of Talend SA during the third quarter valued at about $20,601,000. FIL Ltd boosted its stake in shares of Talend SA by 85.3% in the fourth quarter. FIL Ltd now owns 602,911 shares of the technology company’s stock valued at $13,385,000 after buying an additional 277,500 shares during the period. Peregrine Capital Management LLC boosted its stake in shares of Talend SA by 37.6% in the first quarter. Peregrine Capital Management LLC now owns 444,190 shares of the technology company’s stock valued at $12,868,000 after buying an additional 121,386 shares during the period. Wells Fargo & Company MN purchased a new stake in shares of Talend SA during the third quarter valued at about $5,783,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Talend SA during the third quarter valued at about $3,793,000.

About Talend SA

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.

5 Day Chart for NASDAQ:TLND

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