Cloudera (NYSE:CLDR) Given New $11.00 Price Target at Morgan Stanley

Cloudera (NYSE:CLDR) had its price target upped by Morgan Stanley from $9.00 to $11.00 in a research report issued to clients and investors on Tuesday, BenzingaRatingsTable reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective points to a potential upside of 12.47% from the company’s previous close.

CLDR has been the subject of several other reports. DA Davidson lifted their price objective on Cloudera to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. JMP Securities upgraded Cloudera from a “market perform” rating to an “outperform” rating and set a $12.00 target price on the stock in a research report on Thursday, September 5th. JPMorgan Chase & Co. raised their target price on Cloudera from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, September 5th. Barclays reaffirmed a “hold” rating and set a $10.00 target price on shares of Cloudera in a research note on Friday, September 6th. Finally, Zacks Investment Research downgraded Cloudera from a “hold” rating to a “sell” rating in a report on Monday, November 18th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $11.69.

Shares of CLDR stock opened at $9.78 on Tuesday. Cloudera has a 1-year low of $4.89 and a 1-year high of $15.43. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.14. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of -8.58 and a beta of 0.90. The stock has a 50-day moving average of $8.99 and a 200-day moving average of $7.66.

Cloudera (NYSE:CLDR) last released its earnings results on Wednesday, September 4th. The company reported ($0.24) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.02. Cloudera had a negative net margin of 46.72% and a negative return on equity of 21.07%. The business had revenue of $196.70 million during the quarter, compared to the consensus estimate of $182.31 million. During the same quarter in the prior year, the firm posted ($0.08) EPS. The company’s revenue for the quarter was up 78.3% compared to the same quarter last year. Sell-side analysts forecast that Cloudera will post -1.05 earnings per share for the current year.

In other Cloudera news, major shareholder Carl C. Icahn acquired 439,914 shares of the stock in a transaction on Monday, September 9th. The shares were purchased at an average price of $5.00 per share, for a total transaction of $2,199,570.00. Also, CAO Scott Reasoner sold 6,397 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $8.78, for a total transaction of $56,165.66. Following the completion of the transaction, the chief accounting officer now directly owns 102,675 shares in the company, valued at $901,486.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,862 shares of company stock worth $132,168. 17.90% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of CLDR. Truvestments Capital LLC boosted its stake in Cloudera by 170.1% during the 3rd quarter. Truvestments Capital LLC now owns 3,517 shares of the company’s stock valued at $31,000 after purchasing an additional 2,215 shares during the last quarter. Lindbrook Capital LLC bought a new position in Cloudera during the 3rd quarter valued at $35,000. Strs Ohio purchased a new position in Cloudera during the 3rd quarter worth $39,000. AdvisorNet Financial Inc purchased a new position in Cloudera during the 3rd quarter worth $40,000. Finally, Quadrant Capital Group LLC grew its stake in shares of Cloudera by 2,485.8% in the 3rd quarter. Quadrant Capital Group LLC now owns 5,094 shares of the company’s stock worth $44,000 after acquiring an additional 4,897 shares in the last quarter. Hedge funds and other institutional investors own 78.44% of the company’s stock.

Cloudera Company Profile

Cloudera, Inc provides a suite of data analytics and management products in the United States, Europe, and Asia. The company operates through two segments, Subscription and Services. It offers Cloudera Enterprise Data Hub that allows companies to execute various analytic functions against a shared set of governed and secures data in public and private clouds, and data centers; Cloudera Data Warehouse, a hybrid cloud solution for self-service analytics; Cloudera Data Science and Engineering enables users to streamline, simplify, and scale big data processing; and Cloudera Operational DB that enables stream processing and real-time analytics on continuously changing data.

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