Talend SA (NASDAQ:TLND)’s share price rose 0% during mid-day trading on Wednesday after JPMorgan Chase & Co. raised their price target on the stock from $40.00 to $41.00. JPMorgan Chase & Co. currently has an underweight rating on the stock. Talend traded as high as $43.90 and last traded at $42.30. Approximately 611,358 shares changed hands during trading, an increase of 141% from the average daily volume of 253,655 shares. The stock had previously closed at $42.30.
TLND has been the subject of several other reports. Barclays boosted their price objective on Talend from $44.00 to $55.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 7th. BidaskClub downgraded Talend from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. KeyCorp reiterated a “buy” rating on shares of Talend in a research report on Tuesday. Citigroup downgraded Talend from a “buy” rating to a “neutral” rating and set a $61.00 price objective for the company. in a research report on Wednesday, January 10th. Finally, Zacks Investment Research downgraded Talend from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $48.67.
Several hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in Talend by 14.7% in the second quarter. JPMorgan Chase & Co. now owns 3,900 shares of the technology company’s stock worth $136,000 after purchasing an additional 500 shares during the period. Citigroup Inc. acquired a new stake in Talend in the second quarter worth approximately $159,000. New York State Common Retirement Fund acquired a new stake in Talend in the second quarter worth approximately $161,000. Harbour Capital Advisors LLC acquired a new stake in Talend in the third quarter worth approximately $264,000. Finally, California Public Employees Retirement System acquired a new stake in Talend in the fourth quarter worth approximately $335,000. Institutional investors and hedge funds own 45.59% of the company’s stock.
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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