Nomura upgraded shares of Cloudera (NYSE:CLDR) from a reduce rating to a buy rating in a research report sent to investors on Thursday morning, Marketbeat Ratings reports. Nomura currently has $23.00 price objective on the stock, up from their prior price objective of $12.00.
CLDR has been the topic of a number of other reports. Zacks Investment Research raised Cloudera from a hold rating to a buy rating and set a $17.00 price objective on the stock in a research report on Tuesday, June 19th. BTIG Research began coverage on Cloudera in a research report on Wednesday, September 12th. They set a buy rating on the stock. Rosenblatt Securities began coverage on Cloudera in a research report on Monday, July 9th. They set a neutral rating and a $17.00 price objective on the stock. ValuEngine raised Cloudera from a hold rating to a buy rating in a research report on Monday, September 17th. Finally, Stifel Nicolaus lifted their price objective on Cloudera from $19.00 to $22.00 and gave the company a buy rating in a research report on Thursday, September 6th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $21.43.
Shares of NYSE:CLDR opened at $17.90 on Thursday. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of -5.54 and a beta of 0.72. Cloudera has a 52-week low of $12.57 and a 52-week high of $22.42.
Cloudera (NYSE:CLDR) last announced its earnings results on Wednesday, September 5th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.07. Cloudera had a negative return on equity of 58.05% and a negative net margin of 44.68%. The business had revenue of $110.30 million for the quarter, compared to analysts’ expectations of $107.68 million. During the same period last year, the firm posted ($0.17) earnings per share. The business’s revenue for the quarter was up 22.8% on a year-over-year basis. As a group, equities analysts anticipate that Cloudera will post -1.16 EPS for the current fiscal year.
In related news, insider Michael Olson sold 27,619 shares of the business’s stock in a transaction that occurred on Wednesday, September 26th. The stock was sold at an average price of $17.95, for a total value of $495,761.05. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 138,095 shares of company stock worth $2,192,672. 30.90% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. California Public Employees Retirement System bought a new stake in Cloudera in the 1st quarter worth approximately $859,000. Engineers Gate Manager LP bought a new stake in Cloudera in the 2nd quarter worth approximately $199,000. S&CO Inc. increased its stake in Cloudera by 95.5% in the 2nd quarter. S&CO Inc. now owns 51,100 shares of the company’s stock worth $697,000 after acquiring an additional 24,968 shares during the last quarter. Jasper Ridge Partners L.P. increased its stake in Cloudera by 1.6% in the 2nd quarter. Jasper Ridge Partners L.P. now owns 307,753 shares of the company’s stock worth $4,198,000 after acquiring an additional 4,959 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in Cloudera by 30.7% in the 1st quarter. Wells Fargo & Company MN now owns 86,831 shares of the company’s stock worth $1,874,000 after acquiring an additional 20,384 shares during the last quarter. 72.24% of the stock is currently 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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