Cloudera (NYSE:CLDR) had its price objective decreased by Stifel Nicolaus from $24.00 to $19.00 in a research report report published on Wednesday morning, Marketbeat.com reports. Stifel Nicolaus currently has a buy rating on the stock.
A number of other analysts also recently issued reports on CLDR. Drexel Hamilton initiated coverage on shares of Cloudera in a report on Tuesday, December 19th. They set a buy rating for the company. ValuEngine upgraded shares of Cloudera from a sell rating to a hold rating in a report on Sunday, December 31st. Mizuho upgraded shares of Cloudera from a neutral rating to a buy rating and set a $21.00 price target for the company in a report on Tuesday, January 9th. Citigroup upgraded shares of Cloudera from a neutral rating to a buy rating and raised their price target for the stock from $17.18 to $23.00 in a report on Wednesday, January 10th. Finally, Zacks Investment Research downgraded shares of Cloudera from a buy rating to a hold rating in a report on Wednesday, January 10th. Seven investment 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 a consensus target price of $21.20.
CLDR opened at $12.98 on Wednesday. Cloudera has a 1-year low of $12.90 and a 1-year high of $23.35. The company has a market capitalization of $1,936.31 and a price-to-earnings ratio of -4.02.
Cloudera (NYSE:CLDR) last released its earnings results on Tuesday, April 3rd. The company reported ($0.10) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.22) by $0.12. The business had revenue of $103.50 million for the quarter, compared to analyst estimates of $98.63 million. Cloudera had a negative net margin of 104.99% and a negative return on equity of 154.35%. The firm’s revenue for the quarter was up 42.2% compared to the same quarter last year. sell-side analysts predict that Cloudera will post -0.01 earnings per share for the current fiscal year.
In related news, VP Wayne Kimber sold 100,000 shares of Cloudera stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $17.92, for a total value of $1,792,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
A number of institutional investors have recently bought and sold shares of CLDR. BlackRock Inc. increased its holdings in Cloudera by 129.4% in the 4th quarter. BlackRock Inc. now owns 15,956,433 shares of the company’s stock valued at $263,600,000 after purchasing an additional 9,001,771 shares during the last quarter. Greylock Xii GP LLC acquired a new stake in Cloudera in the 4th quarter valued at approximately $111,425,000. Glynn Capital Management LLC acquired a new stake in Cloudera in the 4th quarter valued at approximately $30,703,000. Two Sigma Investments LP acquired a new stake in Cloudera in the 4th quarter valued at approximately $21,473,000. Finally, Cortina Asset Management LLC increased its holdings in Cloudera by 214.3% in the 4th quarter. Cortina Asset Management LLC now owns 1,031,641 shares of the company’s stock valued at $17,043,000 after purchasing an additional 703,457 shares during the last quarter. Hedge funds and other institutional investors own 74.74% of the company’s stock.
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Cloudera Company Profile
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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