Cloudera’s (NASDAQ:CLDR) lock-up period will end on Wednesday, October 25th. Cloudera had issued 15,000,000 shares in its IPO on April 28th. The total size of the offering was $225,000,000 based on an initial share price of $15.00. After the end of Cloudera’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.
A number of equities research analysts recently commented on CLDR shares. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $24.00 price target (up previously from $20.00) on shares of Cloudera in a report on Friday, September 8th. Zacks Investment Research upgraded shares of Cloudera from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Tuesday, October 10th. Stifel Nicolaus reiterated a “buy” rating and issued a $24.00 price objective on shares of Cloudera in a research note on Friday, September 8th. Morgan Stanley reiterated an “equal weight” rating and issued a $18.00 price objective (down from $20.00) on shares of Cloudera in a research note on Thursday, July 20th. Finally, BidaskClub upgraded shares of Cloudera from a “hold” rating to a “buy” rating in a research report on Wednesday, August 30th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $22.00.
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Cloudera (CLDR) opened at 14.63 on Friday. The company has a 50-day moving average of $17.17 and a 200 day moving average of $18.17. Cloudera has a 12 month low of $14.62 and a 12 month high of $23.35. The stock’s market capitalization is $1.92 billion.
Cloudera (NASDAQ:CLDR) last issued its earnings results on Thursday, September 7th. The company reported ($0.17) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.08. The business had revenue of $89.80 million during the quarter, compared to analyst estimates of $85.72 million. The company’s revenue for the quarter was up 39.2% compared to the same quarter last year. On average, equities research analysts anticipate that Cloudera will post ($0.94) earnings per share for the current fiscal year.
In other Cloudera news, Director Ping Li sold 6,528,862 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $15.79, for a total transaction of $103,090,730.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Greylock Xii Gp Llc sold 3,575,098 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $15.79, for a total transaction of $56,450,797.42. The disclosure for this sale can be found here.
Hedge funds have recently made changes to their positions in the business. Peregrine Capital Management LLC acquired a new stake in shares of Cloudera during the second quarter worth about $12,932,000. Moloney Securities Asset Management LLC acquired a new stake in shares of Cloudera during the second quarter worth about $276,000. Spark Investment Management LLC acquired a new stake in shares of Cloudera during the second quarter worth about $1,036,000. Emerald Advisers Inc. PA acquired a new stake in shares of Cloudera during the second quarter worth about $5,706,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Cloudera during the second quarter worth about $4,648,000.
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