Talend SA (TLND) Stake Lowered by Gagnon Advisors LLC

Gagnon Advisors LLC reduced its position in shares of Talend SA (NASDAQ:TLND) by 52.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,773 shares of the technology company’s stock after selling 55,768 shares during the period. Talend makes up 2.1% of Gagnon Advisors LLC’s portfolio, making the stock its 24th biggest holding. Gagnon Advisors LLC owned about 0.17% of Talend worth $3,471,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TLND. Engineers Gate Manager LP purchased a new position in shares of Talend during the 2nd quarter valued at approximately $206,000. Granite Investment Partners LLC boosted its stake in shares of Talend by 0.6% during the 2nd quarter. Granite Investment Partners LLC now owns 291,611 shares of the technology company’s stock valued at $18,161,000 after buying an additional 1,636 shares during the last quarter. Eagle Asset Management Inc. purchased a new position in shares of Talend during the 2nd quarter valued at approximately $4,469,000. Quantitative Systematic Strategies LLC purchased a new position in shares of Talend during the 2nd quarter valued at approximately $282,000. Finally, Pier Capital LLC boosted its stake in shares of Talend by 12.5% during the 2nd quarter. Pier Capital LLC now owns 138,431 shares of the technology company’s stock valued at $8,621,000 after buying an additional 15,350 shares during the last quarter. Hedge funds and other institutional investors own 79.60% of the company’s stock.

TLND stock opened at $36.86 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.03. The company has a market cap of $1.01 billion, a P/E ratio of -36.86 and a beta of 0.53. Talend SA has a 12-month low of $32.66 and a 12-month high of $73.52.

Talend (NASDAQ:TLND) last posted its quarterly earnings results on Wednesday, November 7th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.01. The business had revenue of $52.07 million for the quarter, compared to analyst estimates of $51.84 million. Talend had a negative return on equity of 153.54% and a negative net margin of 20.40%. The business’s revenue was up 32.2% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.11) EPS. Sell-side analysts expect that Talend SA will post -1.1 earnings per share for the current year.

TLND has been the subject of several research analyst reports. Barclays increased their target price on Talend from $72.00 to $91.00 and gave the company an “overweight” rating in a research note on Monday, September 17th. Zacks Investment Research cut Talend from a “hold” rating to a “sell” rating in a research note on Friday, November 16th. Rosenblatt Securities cut Talend from a “buy” rating to a “neutral” rating in a research note on Thursday, November 8th. Citigroup set a $81.00 target price on Talend and gave the company a “buy” rating in a research note on Friday, November 9th. Finally, KeyCorp reiterated a “buy” rating and set a $61.00 target price on shares of Talend in a research note on Thursday, November 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $58.43.

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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.

Further Reading: Buyback

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Institutional Ownership by Quarter for Talend (NASDAQ:TLND)

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