A number of other equities research analysts have also recently weighed in on CLDR. Zacks Investment Research cut shares of Cloudera from a hold rating to a sell rating in a research report on Monday, November 18th. Wedbush upped their price objective on shares of Cloudera from $8.50 to $11.00 and gave the company a neutral rating in a research note on Friday. Nomura raised their price objective on Cloudera from $8.00 to $10.00 and gave the stock a buy rating in a report on Thursday, September 5th. Needham & Company LLC reiterated a hold rating on shares of Cloudera in a research report on Wednesday, September 25th. Finally, ValuEngine cut Cloudera from a strong-buy rating to a buy rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $11.69.
Cloudera stock traded up $0.87 during mid-day trading on Friday, hitting $10.88. The company had a trading volume of 20,835,265 shares, compared to its average volume of 6,376,160. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.14. Cloudera has a 1 year low of $4.89 and a 1 year high of $15.43. The business has a fifty day moving average of $9.11 and a 200 day moving average of $7.65. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of -9.54 and a beta of 0.90.
Cloudera (NYSE:CLDR) last issued its quarterly earnings data on Thursday, December 5th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.22. Cloudera had a negative net margin of 46.72% and a negative return on equity of 21.07%. The business had revenue of $198.30 million during the quarter, compared to the consensus estimate of $189.08 million. During the same quarter in the previous year, the firm earned ($0.03) EPS. The company’s revenue was up 67.8% compared to the same quarter last year. Equities analysts anticipate that Cloudera will post -1.05 earnings per share for the current year.
In other Cloudera news, CAO Scott Reasoner sold 6,231 shares of Cloudera stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $8.96, for a total value of $55,829.76. Also, major shareholder Carl C. Icahn bought 439,914 shares of the stock in a transaction on Monday, September 9th. The stock was bought at an average price of $5.00 per share, for a total transaction of $2,199,570.00. Over the last 90 days, insiders sold 14,862 shares of company stock worth $132,168. 17.90% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. Creative Planning lifted its holdings in shares of Cloudera by 21.0% during the second quarter. Creative Planning now owns 127,000 shares of the company’s stock worth $668,000 after purchasing an additional 22,000 shares during the period. First Trust Advisors LP increased its position in Cloudera by 11,796.8% during the 2nd quarter. First Trust Advisors LP now owns 3,983,636 shares of the company’s stock worth $20,954,000 after purchasing an additional 3,950,151 shares during the period. Horrell Capital Management Inc. purchased a new position in shares of Cloudera during the 2nd quarter worth approximately $1,578,000. ARK Investment Management LLC raised its stake in shares of Cloudera by 68.2% during the 2nd quarter. ARK Investment Management LLC now owns 2,544,376 shares of the company’s stock worth $13,383,000 after buying an additional 1,031,617 shares in the last quarter. Finally, PenderFund Capital Management Ltd. purchased a new position in shares of Cloudera during the 2nd quarter worth approximately $1,740,000. 78.44% of the stock is currently owned by institutional investors and hedge funds.
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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