Cloudera (NYSE:CLDR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Monday. The firm presently has a $15.00 target price on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 8.30% from the company’s previous close.
According to Zacks, “Cloudera, Inc. develops and distributes software for business data which include storage, access, management, analysis, security, search, processing and analysis applications. Its products include Cloudera Enterprise Data Hub, Cloudera Analytic BD, Cloudera Operational DB, Cloudera Data Science & Engineering and Cloud Essentials. Cloudera, Inc. is headquartered in Palo Alto, California. “
Several other analysts also recently issued reports on the company. ValuEngine downgraded Cloudera from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Wells Fargo & Co assumed coverage on Cloudera in a research report on Tuesday, January 22nd. They issued an “outperform” rating and a $20.00 price objective on the stock. Northland Securities assumed coverage on Cloudera in a research report on Wednesday, January 9th. They issued an “outperform” rating and a $15.00 price objective on the stock. Citigroup reduced their price objective on Cloudera from $24.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, December 7th. Finally, Bank of America restated a “neutral” rating and issued a $18.00 price objective (down from $22.00) on shares of Cloudera in a research report on Thursday, December 6th. Eight equities 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 company. The stock presently has an average rating of “Buy” and an average price target of $20.94.
Cloudera (NYSE:CLDR) last issued its quarterly earnings data on Wednesday, December 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.08. Cloudera had a negative return on equity of 50.68% and a negative net margin of 35.63%. The business had revenue of $118.18 million for the quarter, compared to the consensus estimate of $113.60 million. Equities research analysts forecast that Cloudera will post -0.98 EPS for the current fiscal year.
In other news, insider Michael Olson sold 27,619 shares of the stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $12.22, for a total value of $337,504.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 30.90% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the company. Bank of Montreal Can grew its stake in shares of Cloudera by 112.7% in the fourth quarter. Bank of Montreal Can now owns 3,672 shares of the company’s stock valued at $41,000 after buying an additional 1,946 shares in the last quarter. Penserra Capital Management LLC grew its stake in shares of Cloudera by 52.3% in the fourth quarter. Penserra Capital Management LLC now owns 3,696 shares of the company’s stock valued at $40,000 after buying an additional 1,270 shares in the last quarter. JOYN Advisors Inc. acquired a new stake in shares of Cloudera in the fourth quarter valued at about $43,000. First Mercantile Trust Co. acquired a new stake in shares of Cloudera in the third quarter valued at about $125,000. Finally, IFP Advisors Inc grew its stake in shares of Cloudera by 641.5% in the third quarter. IFP Advisors Inc now owns 7,230 shares of the company’s stock valued at $128,000 after buying an additional 6,255 shares in the last quarter. Institutional investors and hedge funds own 74.53% of the company’s stock.
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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