Cloudera (NYSE:CLDR) had its price target dropped by stock analysts at DA Davidson from $18.00 to $14.00 in a research note issued to investors on Monday, MarketBeat Ratings reports. The brokerage presently has a “neutral” rating on the stock. DA Davidson’s price objective would indicate a potential downside of 2.57% from the company’s previous close. The analysts noted that the move was a valuation call.
Other research analysts have also recently issued research reports about the company. Mizuho lifted their price objective on Cloudera from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, March 20th. Zacks Investment Research cut Cloudera from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Morgan Stanley lifted their price objective on Cloudera from $21.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, January 30th. Citigroup upgraded Cloudera from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $17.18 to $23.00 in a research note on Wednesday, January 10th. Finally, ValuEngine upgraded Cloudera from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $20.30.
CLDR opened at $14.37 on Monday. The company has a market capitalization of $1,964.55 and a PE ratio of -4.45. Cloudera has a 52 week low of $12.57 and a 52 week high of $23.35.
Cloudera (NYSE:CLDR) last released its earnings results on Tuesday, April 3rd. The company reported ($0.10) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.22) by $0.12. The company had revenue of $103.50 million during the quarter, compared to analysts’ expectations of $98.63 million. Cloudera had a negative return on equity of 154.35% and a negative net margin of 104.99%. The company’s revenue was up 42.2% on a year-over-year basis. analysts expect that Cloudera will post -1.38 earnings per share for the current year.
In other Cloudera news, Director Michael A. Stankey bought 25,000 shares of Cloudera stock in a transaction on Monday, April 9th. The stock was acquired at an average price of $12.99 per share, with a total value of $324,750.00. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, insider Michael Olson sold 55,238 shares of Cloudera 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 disclosure for this sale can be found here.
Several institutional investors have recently bought and sold shares of CLDR. BlackRock Inc. increased its holdings in shares of Cloudera by 129.4% in the 4th 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 in the last quarter. Greylock Xii GP LLC bought a new stake in shares of Cloudera in the 4th quarter worth $111,425,000. Glynn Capital Management LLC bought a new stake in shares of Cloudera in the 4th quarter worth $30,703,000. Two Sigma Investments LP bought a new stake in shares of Cloudera in the fourth quarter worth $21,473,000. Finally, Cortina Asset Management LLC grew its holdings in shares of Cloudera by 214.3% in the fourth quarter. Cortina Asset Management LLC now owns 1,031,641 shares of the company’s stock worth $17,043,000 after acquiring an additional 703,457 shares during the period. 74.75% of the stock is owned by institutional investors and hedge funds.
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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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