Cloudera (CLDR) Shares Gap Up to $11.51

Cloudera Inc (NYSE:CLDR) gapped up prior to trading on Wednesday . The stock had previously closed at $11.24, but opened at $11.51. Cloudera shares last traded at $11.59, with a volume of 5073367 shares trading hands.

CLDR has been the topic of several recent analyst reports. Rosenblatt Securities raised shares of Cloudera from a “neutral” rating to a “buy” rating in a research note on Friday, November 9th. Stifel Nicolaus increased their target price on shares of Cloudera from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, October 4th. ValuEngine downgraded shares of Cloudera from a “buy” rating to a “hold” rating in a research note on Wednesday, October 24th. Needham & Company LLC raised shares of Cloudera from a “buy” rating to a “strong-buy” rating and increased their target price for the company from $23.00 to $31.00 in a research note on Monday, November 5th. Finally, UBS Group raised shares of Cloudera from a “neutral” rating to a “buy” rating in a research note on Friday, November 9th. Seven research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Cloudera has an average rating of “Buy” and a consensus target price of $20.94.

The firm has a market capitalization of $1.78 billion, a PE ratio of -3.53 and a beta of 1.34.

Cloudera (NYSE:CLDR) last issued its earnings results on Wednesday, December 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.08. Cloudera had a negative net margin of 35.63% and a negative return on equity of 50.68%. The company had revenue of $118.18 million for the quarter, compared to analysts’ expectations of $113.60 million. Equities analysts expect that Cloudera Inc will post -0.98 earnings per share for the current fiscal year.

In other Cloudera news, insider Michael Olson sold 27,619 shares of the stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $12.04, for a total transaction of $332,532.76. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders have sold 110,476 shares of company stock worth $1,449,721. 30.90% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in shares of Cloudera by 7.2% in the 3rd quarter. BlackRock Inc. now owns 19,325,728 shares of the company’s stock valued at $341,098,000 after purchasing an additional 1,292,651 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Cloudera by 4.9% in the 3rd quarter. Vanguard Group Inc. now owns 9,969,420 shares of the company’s stock valued at $175,960,000 after purchasing an additional 468,635 shares during the last quarter. Vanguard Group Inc raised its position in shares of Cloudera by 4.9% in the 3rd quarter. Vanguard Group Inc now owns 9,969,420 shares of the company’s stock valued at $175,960,000 after purchasing an additional 468,635 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Cloudera by 13.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,479,746 shares of the company’s stock valued at $61,418,000 after purchasing an additional 403,344 shares during the last quarter. Finally, OppenheimerFunds Inc. purchased a new position in shares of Cloudera in the 2nd quarter valued at approximately $40,920,000. 74.52% of the stock is owned by institutional investors and hedge funds.

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Cloudera Company Profile (NYSE:CLDR)

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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