Cloudera Inc (NYSE:CLDR) Stake Increased by Neuberger Berman Group LLC

Neuberger Berman Group LLC grew its stake in shares of Cloudera Inc (NYSE:CLDR) by 91.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,292,864 shares of the company’s stock after purchasing an additional 1,573,072 shares during the quarter. Neuberger Berman Group LLC’s holdings in Cloudera were worth $36,015,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of CLDR. Optimum Investment Advisors boosted its stake in shares of Cloudera by 1,000.0% during the first quarter. Optimum Investment Advisors now owns 3,300 shares of the company’s stock valued at $36,000 after purchasing an additional 3,000 shares during the period. Penserra Capital Management LLC boosted its stake in shares of Cloudera by 52.3% during the fourth quarter. Penserra Capital Management LLC now owns 3,696 shares of the company’s stock valued at $40,000 after purchasing an additional 1,270 shares during the period. Bank of Montreal Can boosted its stake in shares of Cloudera by 112.7% during the fourth quarter. Bank of Montreal Can now owns 3,672 shares of the company’s stock valued at $41,000 after purchasing an additional 1,946 shares during the period. JOYN Advisors Inc. purchased a new stake in shares of Cloudera during the fourth quarter valued at $43,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Cloudera during the first quarter valued at $81,000. 74.46% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Michael A. Stankey acquired 10,000 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were purchased at an average price of $11.55 per share, for a total transaction of $115,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert G. Bearden sold 624,934 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $11.60, for a total transaction of $7,249,234.40. The disclosure for this sale can be found here. Corporate insiders own 17.90% of the company’s stock.

CLDR stock opened at $5.36 on Friday. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of -4.70 and a beta of 1.68. Cloudera Inc has a one year low of $4.89 and a one year high of $20.18. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.15.

Cloudera (NYSE:CLDR) last released its quarterly earnings results on Wednesday, June 5th. The company reported ($0.13) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.37) by $0.24. The business had revenue of $187.50 million during the quarter, compared to analyst estimates of $188.44 million. Cloudera had a negative net margin of 44.35% and a negative return on equity of 24.15%. The company’s quarterly revenue was up 81.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.17) earnings per share. Analysts predict that Cloudera Inc will post -0.98 earnings per share for the current year.

A number of analysts recently weighed in on the stock. DA Davidson lowered their price objective on shares of Cloudera to $9.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. Bank of America lowered shares of Cloudera from a “neutral” rating to an “underperform” rating in a research note on Thursday, June 6th. Morgan Stanley upped their price objective on shares of Cloudera from $7.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 6th. BTIG Research lowered their price objective on shares of Cloudera to $10.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. They noted that the move was a valuation call. Finally, Raymond James lowered shares of Cloudera from an “outperform” rating to a “market perform” rating in a research note on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company’s stock. Cloudera has an average rating of “Hold” and an average target price of $13.07.

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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.

Further Reading: Return On Assets

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Institutional Ownership by Quarter for Cloudera (NYSE:CLDR)

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