Cloudera (NASDAQ:CLDR) VP Wayne Kimber sold 19,293 shares of the company’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $15.43, for a total value of $297,690.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Cloudera (CLDR) traded down $0.12 on Friday, hitting $15.59. The stock had a trading volume of 1,301,186 shares.
Cloudera (NASDAQ:CLDR) last released its earnings results on Thursday, September 7th. The company reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.25) by $0.08. The company had revenue of $89.80 million during the quarter, compared to analyst estimates of $85.72 million. Cloudera’s revenue for the quarter was up 39.2% compared to the same quarter last year.
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Several analysts have recently commented on the company. Zacks Investment Research cut Cloudera from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Mizuho assumed coverage on Cloudera in a report on Wednesday, October 11th. They set a “neutral” rating and a $18.00 target price on the stock. BidaskClub cut Cloudera from a “buy” rating to a “hold” rating in a report on Monday, September 18th. J P Morgan Chase & Co restated an “overweight” rating and set a $24.00 target price (up previously from $20.00) on shares of Cloudera in a report on Friday, September 8th. Finally, Morgan Stanley increased their target price on Cloudera from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Friday, September 8th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $22.00.
Large investors have recently added to or reduced their stakes in the business. Nationwide Fund Advisors acquired a new position in Cloudera in the second quarter valued at about $131,000. Blume Capital Management Inc. acquired a new stake in shares of Cloudera during the second quarter worth about $135,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Cloudera during the second quarter worth about $172,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Cloudera during the second quarter worth about $190,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Cloudera during the second quarter worth about $190,000.
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