Other equities analysts have also recently issued reports about the company. Needham & Company LLC boosted their target price on Cloudera from $22.00 to $23.00 and gave the company a buy rating in a research note on Thursday. Zacks Investment Research raised Cloudera from a hold rating to a buy rating and set a $17.00 target price on the stock in a research note on Tuesday, June 12th. Morgan Stanley boosted their target price on Cloudera from $17.00 to $18.00 and gave the company a hold rating in a research note on Thursday. DA Davidson boosted their target price on Cloudera from $14.00 to $15.00 and gave the company a hold rating in a research note on Friday, June 8th. Finally, Rosenblatt Securities initiated coverage on Cloudera in a research note on Monday, July 9th. They set a neutral rating and a $17.00 target price on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. Cloudera currently has an average rating of Hold and a consensus price target of $19.15.
Cloudera stock traded up $0.28 during trading hours on Thursday, reaching $18.21. The company had a trading volume of 199,569 shares, compared to its average volume of 1,662,423. The stock has a market capitalization of $2.14 billion, a P/E ratio of -5.50 and a beta of 0.94. Cloudera has a 12-month low of $12.57 and a 12-month high of $22.42.
Cloudera (NYSE:CLDR) last announced its quarterly earnings results on Wednesday, September 5th. The company reported ($0.08) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.07. The business had revenue of $110.30 million for the quarter, compared to analysts’ expectations of $107.68 million. Cloudera had a negative return on equity of 56.85% and a negative net margin of 44.68%. The business’s quarterly revenue was up 22.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.17) EPS. sell-side analysts forecast that Cloudera will post -1.33 earnings per share for the current year.
In related news, insider Michael Olson sold 27,619 shares of Cloudera stock in a transaction that occurred on Thursday, July 5th. The stock was sold at an average price of $13.92, for a total transaction of $384,456.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have sold 138,095 shares of company stock worth $2,006,797 over the last 90 days. 30.90% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Great West Life Assurance Co. Can bought a new stake in shares of Cloudera during the second quarter valued at approximately $128,000. SG Americas Securities LLC bought a new stake in shares of Cloudera during the first quarter valued at approximately $138,000. Bessemer Group Inc. boosted its position in shares of Cloudera by 290.4% during the second quarter. Bessemer Group Inc. now owns 10,483 shares of the company’s stock valued at $143,000 after purchasing an additional 7,798 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Cloudera during the second quarter valued at approximately $147,000. Finally, Engineers Gate Manager LP bought a new stake in shares of Cloudera during the second quarter valued at approximately $199,000. Institutional investors own 73.67% of the company’s stock.
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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