Cloudera (NYSE:CLDR) had its price target lowered by DA Davidson from $18.00 to $14.00 in a research note published on Monday, Marketbeat.com reports. The firm currently has a neutral rating on the stock. The analysts noted that the move was a valuation call.
Several other research analysts have also commented on CLDR. Bank of America lowered their price target on Cloudera from $23.00 to $16.00 and set a neutral rating for the company in a research report on Thursday, April 5th. Drexel Hamilton initiated coverage on Cloudera in a research report on Tuesday, December 19th. They set a buy rating for the company. Needham & Company LLC raised their price target on Cloudera from $22.00 to $26.00 and gave the stock a buy rating in a research report on Tuesday, April 3rd. Mizuho lowered their price target on Cloudera from $24.00 to $23.00 and set a buy rating for the company in a research report on Wednesday, April 4th. Finally, Deutsche Bank lowered Cloudera from a buy rating to a hold rating and set a $25.00 price target for the company. in a research report on Wednesday, April 4th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of $20.30.
Shares of Cloudera stock opened at $14.60 on Monday. The company has a market capitalization of $2,029.52 and a P/E ratio of -4.52. Cloudera has a fifty-two week low of $12.57 and a fifty-two week high of $23.35.
Cloudera (NYSE:CLDR) last issued its quarterly earnings data on Tuesday, April 3rd. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.12. The company had revenue of $103.50 million during the quarter, compared to analyst estimates of $98.63 million. Cloudera had a negative return on equity of 154.35% and a negative net margin of 104.99%. Cloudera’s revenue was up 42.2% compared to the same quarter last year. analysts anticipate that Cloudera will post -1.38 EPS for the current fiscal year.
In other news, insider Michael Olson sold 55,238 shares of the stock in a transaction on Wednesday, April 11th. The stock was sold at an average price of $16.89, for a total value of $932,969.82. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael A. Stankey acquired 25,000 shares of Cloudera stock in a transaction dated Monday, April 9th. The stock was bought at an average price of $12.99 per share, for a total transaction of $324,750.00. The disclosure for this purchase can be found here.
Hedge funds and other institutional investors have recently made changes to their positions in the company. SeaCrest Wealth Management LLC acquired a new stake in shares of Cloudera in the fourth quarter valued at $124,000. Amalgamated Bank acquired a new stake in shares of Cloudera in the fourth quarter valued at $220,000. Bluestein R H & Co. acquired a new stake in shares of Cloudera in the fourth quarter valued at $248,000. Keybank National Association OH acquired a new stake in shares of Cloudera in the fourth quarter valued at $350,000. Finally, Crestline Management LP acquired a new stake in shares of Cloudera in the fourth quarter valued at $363,000. Institutional investors and hedge funds own 74.75% of the company’s stock.
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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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