Verition Fund Management LLC bought a new position in Cloudera Inc (NYSE:CLDR) during the second quarter, HoldingsChannel reports. The fund bought 16,270 shares of the company’s stock, valued at approximately $207,000.
Other hedge funds have also modified their holdings of the company. S.A. Mason LLC purchased a new stake in Cloudera in the 2nd quarter worth $25,000. MV Capital Management Inc. purchased a new stake in Cloudera in the 2nd quarter worth $25,000. Rockefeller Capital Management L.P. purchased a new stake in Cloudera in the 2nd quarter worth $25,000. Exchange Traded Concepts LLC purchased a new stake in Cloudera in the 2nd quarter worth $38,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in Cloudera in the 2nd quarter worth $39,000. Institutional investors and hedge funds own 78.04% of the company’s stock.
CLDR opened at $11.13 on Wednesday. The firm has a market cap of $3.43 billion, a P/E ratio of -13.41 and a beta of 1.03. Cloudera Inc has a 12 month low of $4.76 and a 12 month high of $14.20. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average of $11.66 and a 200 day moving average of $10.10.
Cloudera (NYSE:CLDR) last released its quarterly earnings results on Wednesday, September 2nd. The company reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.03. The company had revenue of $214.30 million during the quarter, compared to analyst estimates of $208.09 million. Cloudera had a negative return on equity of 11.29% and a negative net margin of 28.80%. The firm’s revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.02) earnings per share. On average, research analysts forecast that Cloudera Inc will post -0.27 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on the company. ValuEngine lowered Cloudera from a “buy” rating to a “hold” rating in a research note on Monday, June 8th. Bank of America reiterated a “sell” rating and issued a $8.00 price target on shares of Cloudera in a research note on Thursday, June 4th. Barclays increased their price target on Cloudera from $10.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 3rd. JMP Securities increased their price target on Cloudera from $17.00 to $19.00 and gave the stock a “market outperform” rating in a research note on Thursday, September 3rd. Finally, Zacks Investment Research lowered Cloudera from a “hold” rating to a “sell” rating in a research report on Wednesday, August 5th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $12.71.
In related news, Director Kevin Klausmeyer sold 41,513 shares of Cloudera stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $12.34, for a total value of $512,270.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 16.10% of the company’s stock.
Cloudera Company Profile
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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