DA Davidson set a $18.00 price target on Cloudera (NYSE:CLDR) in a report published on Thursday. The brokerage currently has a hold rating on the stock.
A number of other equities research analysts have also weighed in on the stock. 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 report on Tuesday, January 9th. Zacks Investment Research upgraded shares of Cloudera from a hold rating to a buy rating and set a $20.00 price objective on the stock in a report on Monday, January 15th. ValuEngine upgraded shares of Cloudera from a sell rating to a hold rating in a report on Wednesday, February 7th. JPMorgan Chase lowered shares of Cloudera from an overweight rating to a neutral rating and set a $24.00 price objective on the stock. in a report on Wednesday. Finally, Needham & Company LLC cut their price target on shares of Cloudera from $26.00 to $22.00 and set a positive rating on the stock in a research note on Wednesday. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of Hold and an average price target of $21.20.
Shares of CLDR stock opened at $12.98 on Thursday. Cloudera has a 52 week low of $12.90 and a 52 week high of $23.35.
Cloudera (NYSE:CLDR) last issued its quarterly earnings results on Tuesday, April 3rd. The company reported ($0.10) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.22) by $0.12. Cloudera had a negative net margin of 104.99% and a negative return on equity of 154.35%. The company had revenue of $103.50 million during the quarter, compared to analysts’ expectations of $98.63 million. The business’s quarterly revenue was up 42.2% compared to the same quarter last year. analysts forecast that Cloudera will post -1.38 EPS for the current fiscal year.
In related news, VP Wayne Kimber sold 100,000 shares of the business’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $17.92, for a total transaction of $1,792,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Large investors have recently bought and sold shares of the company. SeaCrest Wealth Management LLC acquired a new position in shares of Cloudera in the fourth quarter valued at approximately $124,000. Amalgamated Bank acquired a new position in shares of Cloudera in the fourth quarter valued at approximately $220,000. Bluestein R H & Co. acquired a new position in shares of Cloudera in the fourth quarter valued at approximately $248,000. Keybank National Association OH acquired a new position in shares of Cloudera in the fourth quarter valued at approximately $350,000. Finally, Crestline Management LP acquired a new position in shares of Cloudera in the fourth quarter valued at approximately $363,000. 74.74% of the stock is owned by institutional investors and hedge funds.
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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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