Traders Buy Large Volume of Cloudera Call Options (CLDR)

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Cloudera Inc (NYSE:CLDR) was the recipient of unusually large options trading on Thursday. Traders bought 20,684 call options on the stock. This represents an increase of 2,726% compared to the average daily volume of 732 call options.

Several research firms have recently commented on CLDR. Stifel Nicolaus upped their price objective on Cloudera from $19.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday. Needham & Company LLC upped their price objective on Cloudera from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Thursday. Morgan Stanley upped their price objective on Cloudera from $17.00 to $18.00 and gave the stock a “hold” rating in a research note on Thursday. Rosenblatt Securities began coverage on Cloudera in a research note on Monday, July 9th. They issued a “neutral” rating and a $17.00 price objective for the company. Finally, Zacks Investment Research upgraded Cloudera from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Monday, June 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. Cloudera presently has an average rating of “Hold” and an average price target of $19.15.

Shares of CLDR stock opened at $17.56 on Friday. Cloudera has a 52-week low of $12.57 and a 52-week high of $22.42. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of -5.44 and a beta of 0.94.

Cloudera (NYSE:CLDR) last issued its quarterly earnings results on Wednesday, September 5th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.07. Cloudera had a negative return on equity of 56.85% and a negative net margin of 44.68%. The business had revenue of $110.30 million during the quarter, compared to analyst estimates of $107.68 million. During the same quarter in the prior year, the business posted ($0.17) EPS. Cloudera’s revenue for the quarter was up 22.8% compared to the same quarter last year. equities analysts expect that Cloudera will post -1.33 earnings per share for the current fiscal year.

In other news, insider Michael Olson sold 27,619 shares of the company’s stock in a transaction on Thursday, July 5th. The stock was sold at an average price of $13.92, for a total value of $384,456.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 138,095 shares of company stock valued at $2,006,797 over the last 90 days. 30.90% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of CLDR. OppenheimerFunds Inc. purchased a new stake in Cloudera in the 2nd quarter worth $40,920,000. BlackRock Inc. increased its stake in Cloudera by 12.8% in the 2nd quarter. BlackRock Inc. now owns 18,033,077 shares of the company’s stock worth $245,971,000 after buying an additional 2,039,868 shares in the last quarter. Contour Asset Management LLC purchased a new stake in Cloudera in the 1st quarter worth $36,468,000. Millennium Management LLC increased its stake in Cloudera by 2,235.3% in the 2nd quarter. Millennium Management LLC now owns 1,082,048 shares of the company’s stock worth $14,759,000 after buying an additional 1,035,714 shares in the last quarter. Finally, Bain Capital Public Equity Management LLC increased its stake in Cloudera by 75.3% in the 2nd quarter. Bain Capital Public Equity Management LLC now owns 1,203,674 shares of the company’s stock worth $16,418,000 after buying an additional 516,861 shares in the last quarter. Institutional investors and hedge funds own 73.67% of the company’s stock.

Cloudera Company Profile

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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