Cloudera Target of Unusually High Options Trading (CLDR)

Cloudera Inc (NYSE:CLDR) was the recipient of some unusual options trading activity on Thursday. Investors bought 4,504 call options on the stock. This is an increase of 1,966% compared to the average daily volume of 218 call options.

In other news, VP Wayne Kimber sold 3,775 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $17.37, for a total transaction of $65,571.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last three months, insiders sold 105,441 shares of company stock valued at $1,886,643.

A number of large investors have recently modified their holdings of the stock. Glynn Capital Management LLC purchased a new position in Cloudera in the 4th quarter worth $30,703,000. Schwab Charles Investment Management Inc. raised its position in Cloudera by 629.8% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 409,176 shares of the company’s stock worth $6,760,000 after purchasing an additional 353,109 shares during the period. Finally, Hamilton Lane Advisors LLC purchased a new position in Cloudera in the 4th quarter worth $1,181,000. Institutional investors own 35.29% of the company’s stock.

Several research firms have recently weighed in on CLDR. Zacks Investment Research cut shares of Cloudera from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Needham & Company LLC began coverage on shares of Cloudera in a research report on Friday, January 12th. They set a “buy” rating and a $22.00 price objective on the stock. Citigroup upgraded shares of Cloudera from a “neutral” rating to a “buy” rating and raised their price objective for the company from $17.18 to $23.00 in a research report on Wednesday, January 10th. Mizuho upgraded shares of Cloudera from a “neutral” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Tuesday, January 9th. Finally, Drexel Hamilton began coverage on shares of Cloudera in a research report on Tuesday, December 19th. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $21.50.

Cloudera (NYSE CLDR) opened at $18.45 on Friday. The company has a market cap of $2,610.00 and a price-to-earnings ratio of -2.56. Cloudera has a 52-week low of $14.50 and a 52-week high of $23.35.

Cloudera (NYSE:CLDR) last issued its earnings results on Thursday, December 7th. The company reported ($0.39) EPS for the quarter, topping analysts’ consensus estimates of ($0.46) by $0.07. analysts expect that Cloudera will post -0.82 earnings per share for the current year.

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About Cloudera

Cloudera, Inc is a developer of platform for data management, machine learning and advanced analytics. The Company allows enterprises to operate, manage and move workloads across multiple architectures, mixing on premises and cloud environments, including all major public cloud infrastructure providers.

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