Peregrine Capital Management LLC Sells 23,356 Shares of Talend SA (NASDAQ:TLND)

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Peregrine Capital Management LLC lessened its holdings in Talend SA (NASDAQ:TLND) by 7.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 284,675 shares of the technology company’s stock after selling 23,356 shares during the period. Peregrine Capital Management LLC owned approximately 0.98% of Talend worth $19,853,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Whale Rock Capital Management LLC purchased a new stake in shares of Talend during the 2nd quarter worth $182,842,000. Hunt Lane Capital LP lifted its position in shares of Talend by 5.9% during the 2nd quarter. Hunt Lane Capital LP now owns 1,800,000 shares of the technology company’s stock worth $112,104,000 after purchasing an additional 100,000 shares during the last quarter. Putnam Investments LLC lifted its position in shares of Talend by 16.9% during the 2nd quarter. Putnam Investments LLC now owns 1,795,830 shares of the technology company’s stock worth $111,845,000 after purchasing an additional 259,418 shares during the last quarter. FMR LLC lifted its position in shares of Talend by 2.0% during the 2nd quarter. FMR LLC now owns 1,632,737 shares of the technology company’s stock worth $101,687,000 after purchasing an additional 32,132 shares during the last quarter. Finally, Granite Investment Partners LLC lifted its position 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 worth $18,161,000 after purchasing an additional 1,636 shares during the last quarter. 78.70% of the stock is owned by institutional investors.

NASDAQ:TLND traded down $1.91 during midday trading on Friday, hitting $41.52. 1,220,179 shares of the company were exchanged, compared to its average volume of 185,750. Talend SA has a fifty-two week low of $35.46 and a fifty-two week high of $73.52. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a market capitalization of $1.83 billion, a P/E ratio of -41.52 and a beta of 0.74.

Talend (NASDAQ:TLND) last announced its quarterly earnings results on Wednesday, November 7th. The technology company reported ($0.09) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.01. Talend had a negative net margin of 20.40% and a negative return on equity of 171.24%. The firm had revenue of $52.07 million for the quarter, compared to analyst estimates of $51.84 million. During the same period last year, the business earned ($0.11) EPS. Talend’s revenue for the quarter was up 32.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Talend SA will post -1.04 EPS for the current year.

TLND has been the subject of several recent analyst reports. BidaskClub cut shares of Talend from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Needham & Company LLC lifted their price objective on shares of Talend from $64.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, August 7th. Citigroup set a $86.00 price objective on shares of Talend and gave the stock a “buy” rating in a research report on Tuesday, September 18th. Barclays lifted their price objective on shares of Talend from $72.00 to $91.00 and gave the stock an “overweight” rating in a research report on Monday, September 17th. Finally, Rosenblatt Securities cut shares of Talend from a “buy” rating to a “neutral” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $61.33.

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About Talend

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.

See Also: Cash Flow

Institutional Ownership by Quarter for Talend (NASDAQ:TLND)

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