JPMorgan Chase cut shares of Cloudera (NYSE:CLDR) from an overweight rating to a neutral rating in a research report report published on Wednesday, MarketBeat.com reports. The brokerage currently has $24.00 price target on the stock.
Several other research analysts have also issued reports on CLDR. Drexel Hamilton started coverage on Cloudera in a research report on Tuesday, December 19th. They set a buy rating on the stock. ValuEngine raised Cloudera from a sell rating to a hold rating in a research report on Sunday, December 31st. Mizuho raised Cloudera from a neutral rating to a buy rating and set a $21.00 target price on the stock in a research report on Tuesday, January 9th. Citigroup raised Cloudera from a neutral rating to a buy rating and upped their target price for the company from $17.18 to $23.00 in a research report on Wednesday, January 10th. Finally, Zacks Investment Research lowered Cloudera from a buy rating to a hold rating in a research report on Wednesday, January 10th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Cloudera has a consensus rating of Hold and an average target price of $21.20.
Shares of NYSE:CLDR opened at $12.98 on Wednesday. Cloudera has a 1 year low of $12.90 and a 1 year high of $23.35.
Cloudera (NYSE:CLDR) last announced its earnings results on Tuesday, April 3rd. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.22) by $0.12. Cloudera had a negative return on equity of 154.35% and a negative net margin of 104.99%. The company had revenue of $103.50 million for the quarter, compared to analyst estimates of $98.63 million. The firm’s quarterly revenue was up 42.2% compared to the same quarter last year. equities research analysts anticipate that Cloudera will post -0.01 earnings per share for the current year.
In other news, VP Wayne Kimber sold 100,000 shares of the stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $17.92, for a total value of $1,792,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link.
Several hedge funds have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Cloudera by 27.4% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 26,750 shares of the company’s stock valued at $442,000 after purchasing an additional 5,750 shares during the period. Sterling Capital Management LLC acquired a new position in shares of Cloudera in the fourth quarter valued at about $1,052,000. MetLife Investment Advisors LLC acquired a new position in shares of Cloudera in the fourth quarter valued at about $737,000. Park West Asset Management LLC acquired a new position in shares of Cloudera in the fourth quarter valued at about $4,956,000. Finally, Metropolitan Life Insurance Co. NY increased its holdings in shares of Cloudera by 138.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 30,666 shares of the company’s stock valued at $507,000 after purchasing an additional 17,794 shares during the period. 74.74% of the stock is currently owned by institutional investors and hedge funds.
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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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