Cloudera (CLDR) Cut to “Neutral” at Morgan Stanley

Morgan Stanley cut shares of Cloudera (NYSE:CLDR) from a hold rating to a neutral rating in a research report released on Thursday.

A number of other equities research analysts have also recently commented on CLDR. Drexel Hamilton started coverage on Cloudera in a report on Tuesday, December 19th. They set a buy rating on the stock. ValuEngine upgraded Cloudera from a sell rating to a hold rating in a report on Sunday, December 31st. Mizuho upgraded Cloudera from a neutral rating to a buy rating and set a $21.00 target price on the stock in a report on Tuesday, January 9th. Citigroup upgraded Cloudera from a neutral rating to a buy rating and increased their target price for the company from $17.18 to $23.00 in a report on Wednesday, January 10th. Finally, Zacks Investment Research cut 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 assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $21.20.

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NYSE CLDR opened at $12.98 on Thursday. Cloudera has a 1-year low of $12.90 and a 1-year high of $23.35. The company has a market capitalization of $1,833.20 and a P/E ratio of -4.02.

Cloudera (NYSE:CLDR) last released its quarterly earnings data on Tuesday, April 3rd. The company reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.12. The firm had revenue of $103.50 million during the quarter, compared to the consensus estimate of $98.63 million. Cloudera had a negative return on equity of 154.35% and a negative net margin of 104.99%. The firm’s revenue was up 42.2% compared to the same quarter last year. equities analysts predict that Cloudera will post -1.38 earnings per share for the current fiscal year.

In other news, VP Wayne Kimber sold 100,000 shares of the firm’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $17.92, for a total transaction of $1,792,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Several hedge funds have recently bought and sold shares of CLDR. BlackRock Inc. boosted its holdings in shares of Cloudera by 129.4% during the fourth quarter. BlackRock Inc. now owns 15,956,433 shares of the company’s stock worth $263,600,000 after purchasing an additional 9,001,771 shares during the last quarter. Greylock Xii GP LLC acquired a new stake in shares of Cloudera during the fourth quarter worth $111,425,000. Glynn Capital Management LLC acquired a new stake in shares of Cloudera during the fourth quarter worth $30,703,000. Two Sigma Investments LP acquired a new stake in shares of Cloudera during the fourth quarter worth $21,473,000. Finally, Cortina Asset Management LLC boosted its holdings in shares of Cloudera by 214.3% during the fourth quarter. Cortina Asset Management LLC now owns 1,031,641 shares of the company’s stock worth $17,043,000 after purchasing an additional 703,457 shares during the last quarter. Institutional investors and hedge funds own 74.74% of the company’s stock.

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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.

Analyst Recommendations for Cloudera (NYSE:CLDR)

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