Raymond James & Associates raised its holdings in Cloudera (NYSE:CLDR) by 36.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,234 shares of the company’s stock after buying an additional 9,388 shares during the period. Raymond James & Associates’ holdings in Cloudera were worth $582,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. SeaCrest Wealth Management LLC purchased a new stake in shares of Cloudera in the fourth quarter valued at about $124,000. Amalgamated Bank purchased a new stake in shares of Cloudera in the fourth quarter valued at about $220,000. Bluestein R H & Co. purchased a new stake in shares of Cloudera in the fourth quarter valued at about $248,000. Keybank National Association OH purchased a new stake in shares of Cloudera in the fourth quarter valued at about $350,000. Finally, S&CO Inc. purchased a new stake in shares of Cloudera in the fourth quarter valued at about $432,000. 74.70% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Michael Olson sold 55,238 shares of the firm’s stock in a transaction dated Wednesday, April 11th. The shares were sold at an average price of $16.89, for a total transaction of $932,969.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael A. Stankey acquired 25,000 shares of the firm’s stock in a transaction that occurred on Monday, April 9th. The shares were bought at an average price of $12.99 per share, with a total value of $324,750.00. The disclosure for this purchase can be found here.
NYSE CLDR opened at $14.06 on Thursday. Cloudera has a 52-week low of $12.57 and a 52-week high of $23.35. The stock has a market cap of $2,104.38 and a P/E ratio of -4.35.
Cloudera (NYSE:CLDR) last posted its quarterly earnings data on Tuesday, April 3rd. The company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $103.50 million during the quarter, compared to the consensus estimate of $98.63 million. The business’s revenue for the quarter 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.
CLDR has been the subject of several analyst reports. Citigroup upgraded shares of 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. Mizuho lowered their target price on shares of Cloudera from $24.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday, April 4th. Needham & Company LLC initiated coverage on shares of Cloudera in a report on Friday, January 12th. They issued a “buy” rating and a $22.00 target price for the company. Morgan Stanley downgraded shares of Cloudera from a “hold” rating to a “neutral” rating in a report on Thursday, April 5th. Finally, Zacks Investment Research upgraded shares of Cloudera from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Monday, January 15th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $20.30.
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Cloudera, Inc provides platform for machine learning and analytics in the United States, Europe, and Asia. The company operates through two segments, Subscription and Services. Its platform delivers an integrated suite of capabilities for data management, machine learning, and analytics to customers for transforming their businesses.
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