Investors Purchase Large Volume of Cloudera Call Options (NYSE:CLDR)

Cloudera Inc (NYSE:CLDR) was the recipient of unusually large options trading on Thursday. Traders acquired 4,504 call options on the stock. This represents an increase of approximately 1,966% compared to the typical volume of 218 call options.

Several brokerages recently commented on CLDR. Mizuho raised Cloudera from a “neutral” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Tuesday, January 9th. Zacks Investment Research raised Cloudera from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Monday, January 15th. ValuEngine upgraded Cloudera from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. Needham & Company LLC assumed coverage on Cloudera in a research report on Friday, January 12th. They issued a “buy” rating and a $22.00 price objective on the stock. Finally, Citigroup upgraded Cloudera from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $17.18 to $23.00 in a research report on Wednesday, January 10th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Cloudera presently has a consensus rating of “Buy” and an average price target of $22.00.

In other news, VP Wayne Kimber sold 100,000 shares of the business’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $17.92, for a total value of $1,792,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 105,441 shares of company stock valued at $1,886,643 in the last 90 days.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CLDR. Spark Investment Management LLC bought a new position in Cloudera in the fourth quarter worth approximately $3,839,000. Brown Advisory Inc. bought a new position in Cloudera in the fourth quarter worth approximately $1,984,000. Greylock Xii GP LLC bought a new position in Cloudera in the fourth quarter worth approximately $111,425,000. American International Group Inc. grew its stake in Cloudera by 603.1% in the fourth quarter. American International Group Inc. now owns 65,727 shares of the company’s stock worth $1,086,000 after purchasing an additional 56,379 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in Cloudera by 130.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 303,388 shares of the company’s stock worth $5,012,000 after purchasing an additional 171,852 shares in the last quarter. 37.50% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Cloudera (NYSE:CLDR) traded up $0.52 during mid-day trading on Monday, reaching $17.69. The company’s stock had a trading volume of 673,989 shares, compared to its average volume of 1,330,000. Cloudera has a fifty-two week low of $14.50 and a fifty-two week high of $23.35. The stock has a market capitalization of $2,500.00 and a P/E ratio of -2.46.

Cloudera (NYSE:CLDR) last released its earnings results on Thursday, December 7th. The company reported ($0.39) EPS for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.07. research analysts expect that Cloudera will post -3.04 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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