Bank of America reiterated their neutral rating on shares of Cloudera (NYSE:CLDR) in a report released on Thursday morning, MarketBeat reports. They currently have a $18.00 price objective on the stock, down from their previous price objective of $22.00.
A number of other brokerages have also issued reports on CLDR. BTIG Research assumed coverage on shares of Cloudera in a research note on Wednesday, September 12th. They set a buy rating for the company. ValuEngine raised shares of Cloudera from a hold rating to a buy rating in a research note on Monday, September 17th. Citigroup boosted their target price on shares of Cloudera from $21.00 to $24.00 and gave the company a buy rating in a research note on Monday, September 10th. Stifel Nicolaus boosted their target price on shares of Cloudera from $19.00 to $22.00 and gave the company a buy rating in a research note on Thursday, September 6th. Finally, Raymond James boosted their target price on shares of Cloudera from $20.00 to $24.00 and gave the company an outperform rating in a research note on Thursday, October 4th. Eight equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Cloudera presently has a consensus rating of Buy and an average target price of $21.47.
CLDR stock traded down $0.61 during mid-day trading on Thursday, reaching $12.40. 151,890 shares of the stock traded hands, compared to its average volume of 2,756,767. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of -3.81 and a beta of 1.58. Cloudera has a one year low of $10.50 and a one year high of $22.42.
Cloudera (NYSE:CLDR) last issued its earnings results on Wednesday, December 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.08. The firm had revenue of $118.18 million during the quarter, compared to analyst estimates of $113.60 million. Cloudera had a negative net margin of 35.63% and a negative return on equity of 49.93%. Equities research analysts forecast that Cloudera will post -1.16 earnings per share for the current fiscal year.
In related news, insider Michael Olson sold 27,619 shares of the company’s stock in a transaction dated Wednesday, September 26th. The shares were sold at an average price of $17.95, for a total value of $495,761.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 165,714 shares of company stock valued at $2,549,234. 30.90% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. First Mercantile Trust Co. purchased a new stake in shares of Cloudera during the third quarter valued at about $125,000. Great West Life Assurance Co. Can purchased a new stake in shares of Cloudera during the second quarter valued at about $128,000. IFP Advisors Inc lifted its position in shares of Cloudera by 641.5% during the third quarter. IFP Advisors Inc now owns 7,230 shares of the company’s stock valued at $128,000 after buying an additional 6,255 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Cloudera during the third quarter valued at about $140,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Cloudera during the second quarter valued at about $147,000. 75.70% of the stock is owned by institutional investors.
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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