Zacks Investment Research lowered shares of Talend SA (NASDAQ:TLND) from a hold rating to a sell rating in a research note issued to investors 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 0.3515% during mid-day trading on Friday, hitting $29.9643. The stock had a trading volume of 123,600 shares. The company’s market cap is $838.13 million. Talend SA has a one year low of $21.02 and a one year high of $34.49. The firm’s 50 day moving average price is $29.01 and its 200-day moving average price is $25.04.

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

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Several institutional investors have recently modified their holdings of TLND. Capital World Investors purchased a new position in shares of Talend SA during the third quarter valued at approximately $20,601,000. Peregrine Capital Management LLC purchased a new position in shares of Talend SA during the third quarter valued at approximately $8,304,000. FIL Ltd boosted its position 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 last quarter. Wells Fargo & Company MN purchased a new position in shares of Talend SA during the third quarter valued at approximately $5,783,000. Finally, Citadel Advisors LLC purchased a new position in shares of Talend SA during the third quarter valued at approximately $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.

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