Next Century Growth Investors LLC lowered its stake in Talend (NASDAQ:TLND) by 10.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 222,460 shares of the technology company’s stock after selling 27,250 shares during the quarter. Talend comprises 1.4% of Next Century Growth Investors LLC’s portfolio, making the stock its 26th biggest holding. Next Century Growth Investors LLC owned 0.76% of Talend worth $10,704,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Financial Advocates Investment Management bought a new position in shares of Talend in the fourth quarter worth about $202,000. Quadrature Capital Ltd bought a new position in shares of Talend in the first quarter worth about $330,000. California Public Employees Retirement System bought a new stake in Talend during the 4th quarter valued at approximately $335,000. Trexquant Investment LP raised its stake in Talend by 13.5% during the 1st quarter. Trexquant Investment LP now owns 9,494 shares of the technology company’s stock valued at $457,000 after purchasing an additional 1,130 shares during the period. Finally, Landscape Capital Management L.L.C. bought a new stake in Talend during the 1st quarter valued at approximately $567,000. 69.52% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently issued reports on the company. Needham & Company LLC assumed coverage on Talend in a research note on Friday, March 23rd. They set a “buy” rating and a $59.00 target price on the stock. ValuEngine raised Talend from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. BidaskClub downgraded Talend from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 24th. William Blair reissued a “buy” rating on shares of Talend in a research note on Tuesday, April 10th. Finally, Zacks Investment Research raised Talend from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research note on Tuesday, February 20th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $54.00.
TLND traded down $0.88 on Thursday, hitting $57.74. 514 shares of the company’s stock traded hands, compared to its average volume of 353,143. The company has a market capitalization of $1.67 billion, a PE ratio of -58.62 and a beta of 0.39. Talend has a one year low of $32.00 and a one year high of $59.74.
Talend (NASDAQ:TLND) last released its quarterly earnings results on Thursday, May 10th. The technology company reported ($0.18) earnings per share for the quarter, meeting the consensus estimate of ($0.18). The business had revenue of $46.81 million during the quarter, compared to analysts’ expectations of $45.75 million. Talend had a negative return on equity of 285.02% and a negative net margin of 20.86%. The firm’s revenue for the quarter was up 42.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.19) EPS. equities research analysts predict that Talend will post -0.97 EPS for the current year.
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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