Cloudera Inc (CLDR) Receives $22.46 Consensus Target Price from Analysts

Shares of Cloudera Inc (NYSE:CLDR) have been given an average recommendation of “Buy” by the twenty research firms that are presently covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $22.38.

Several analysts recently issued reports on the company. Nomura set a $20.00 price target on Cloudera and gave the stock a “buy” rating in a report on Thursday. Bank of America reissued a “neutral” rating and issued a $18.00 price target (down previously from $22.00) on shares of Cloudera in a report on Thursday. ValuEngine downgraded Cloudera from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st. Zacks Investment Research downgraded Cloudera from a “buy” rating to a “hold” rating in a research note on Tuesday, November 6th. Finally, DA Davidson raised Cloudera from a “neutral” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Thursday, October 4th.

Shares of NYSE CLDR traded up $1.06 during mid-day trading on Monday, hitting $12.65. The company had a trading volume of 4,271,942 shares, compared to its average volume of 2,906,384. The company has a market cap of $1.75 billion, a price-to-earnings ratio of -3.92 and a beta of 1.58. Cloudera has a 12 month low of $10.50 and a 12 month high of $22.42.

Cloudera (NYSE:CLDR) last announced its quarterly earnings results on Wednesday, December 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.08. The business had revenue of $118.18 million for the quarter, compared to the consensus estimate of $113.60 million. Cloudera had a negative return on equity of 58.05% and a negative net margin of 44.68%. Equities research analysts forecast that Cloudera will post -1.16 earnings per share for the current year.

In other Cloudera news, insider Michael Olson sold 27,619 shares of Cloudera stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $18.22, for a total transaction of $503,218.18. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 165,714 shares of company stock worth $2,549,234 in the last ninety days. 30.90% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of CLDR. Principal Financial Group Inc. bought a new stake in shares of Cloudera in the 1st quarter worth $220,000. Creative Planning acquired a new position in shares of Cloudera in the 2nd quarter worth $276,000. Bessemer Group Inc. grew its holdings in shares of Cloudera by 290.4% in the 2nd quarter. Bessemer Group Inc. now owns 10,483 shares of the company’s stock worth $143,000 after acquiring an additional 7,798 shares during the last quarter. BP PLC acquired a new position in shares of Cloudera in the 2nd quarter worth $360,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Cloudera in the 2nd quarter worth $316,000. 75.70% of the stock is currently owned by institutional investors.

About Cloudera

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.

Further Reading: Average Daily Trade Volume Explained

Analyst Recommendations for Cloudera (NYSE:CLDR)

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