Stock Traders Buy High Volume of Put Options on Talend (NASDAQ:TLND)

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Talend SA (NASDAQ:TLND) was the target of unusually large options trading on Wednesday. Traders acquired 750 put options on the company. This is an increase of 826% compared to the average volume of 81 put options.

In related news, COO Laurent Bride sold 41,385 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $38.40, for a total transaction of $1,589,184.00. 4.30% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of TLND. Park West Asset Management LLC acquired a new position in Talend in the 2nd quarter valued at $26,975,000. Southpoint Capital Advisors LP grew its holdings in Talend by 52.0% in the 2nd quarter. Southpoint Capital Advisors LP now owns 1,300,000 shares of the technology company’s stock valued at $50,167,000 after buying an additional 444,800 shares in the last quarter. Point72 Asset Management L.P. grew its holdings in Talend by 75.3% in the 3rd quarter. Point72 Asset Management L.P. now owns 954,734 shares of the technology company’s stock valued at $32,442,000 after buying an additional 410,089 shares in the last quarter. SRS Investment Management LLC acquired a new position in Talend in the 2nd quarter valued at $13,964,000. Finally, Morgan Stanley grew its holdings in shares of Talend by 78.7% during the 2nd quarter. Morgan Stanley now owns 571,595 shares of the technology company’s stock worth $22,057,000 after purchasing an additional 251,749 shares in the last quarter. 92.03% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on the company. ValuEngine lowered Talend from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th. BidaskClub raised Talend from a “strong sell” rating to a “sell” rating in a report on Saturday, November 2nd. Barclays set a $56.00 target price on Talend and gave the stock a “buy” rating in a report on Friday, November 1st. Zacks Investment Research lowered Talend from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, Needham & Company LLC reissued a “buy” rating and set a $65.00 target price on shares of Talend in a report on Tuesday, November 19th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $52.86.

NASDAQ TLND traded up $0.32 on Thursday, reaching $36.82. The stock had a trading volume of 987 shares, compared to its average volume of 220,750. The company has a debt-to-equity ratio of 3.91, a current ratio of 1.46 and a quick ratio of 1.46. The firm has a fifty day moving average of $36.51 and a two-hundred day moving average of $37.82. Talend has a 1-year low of $31.14 and a 1-year high of $53.09. The company has a market cap of $1.15 billion, a P/E ratio of -30.20 and a beta of -0.12.

Talend (NASDAQ:TLND) last issued its quarterly earnings data on Wednesday, November 6th. The technology company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.16. Talend had a negative return on equity of 216.86% and a negative net margin of 26.00%. The firm had revenue of $62.63 million for the quarter, compared to analyst estimates of $62.14 million. During the same period in the prior year, the firm posted ($0.09) EPS. The company’s revenue for the quarter was up 20.3% on a year-over-year basis. Research analysts predict that Talend will post -1.65 EPS for the current fiscal year.

About Talend

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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