FIL Ltd raised its stake in Talend SA (NASDAQ:TLND) by 62.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 228,474 shares of the technology company’s stock after acquiring an additional 88,131 shares during the quarter. FIL Ltd’s holdings in Talend were worth $11,554,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the business. Crosslink Capital Inc. raised its stake in Talend by 44.9% during the 4th quarter. Crosslink Capital Inc. now owns 652,064 shares of the technology company’s stock valued at $24,179,000 after purchasing an additional 202,130 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Talend by 23.0% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 158,857 shares of the technology company’s stock valued at $8,033,000 after acquiring an additional 29,724 shares in the last quarter. Praesidium Investment Management Company LLC grew its holdings in shares of Talend by 51.7% during the 4th quarter. Praesidium Investment Management Company LLC now owns 1,464,776 shares of the technology company’s stock valued at $54,314,000 after acquiring an additional 498,916 shares in the last quarter. Ancora Advisors LLC purchased a new position in shares of Talend during the 4th quarter valued at $2,042,000. Finally, Pier Capital LLC purchased a new position in shares of Talend during the 1st quarter valued at $5,240,000. 80.65% of the stock is currently owned by institutional investors.
In other news, COO Laurent Bride sold 3,483 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $47.92, for a total transaction of $166,905.36. Following the completion of the sale, the chief operating officer now owns 174,819 shares of the company’s stock, valued at $8,377,326.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Talend (NASDAQ:TLND) last posted its quarterly earnings data on Wednesday, May 8th. The technology company reported ($0.32) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.39) by $0.07. The company had revenue of $57.84 million during the quarter, compared to analyst estimates of $56.59 million. Talend had a negative net margin of 22.24% and a negative return on equity of 168.43%. The company’s revenue was up 23.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.18) earnings per share. Equities analysts predict that Talend SA will post -1.67 EPS for the current fiscal year.
A number of equities research analysts recently issued reports on the stock. BidaskClub cut shares of Talend from a “sell” rating to a “strong sell” rating in a report on Tuesday. BTIG Research upped their price objective on shares of Talend to $62.00 and gave the stock a “buy” rating in a report on Monday, March 25th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Talend from a “strong-buy” rating to a “hold” rating in a report on Friday, February 22nd. KeyCorp restated a “buy” rating and set a $65.00 price target on shares of Talend in a report on Wednesday, May 8th. Finally, ValuEngine cut shares of Talend from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $61.14.
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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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