Cloudera (NYSE:CLDR) had its price target decreased by research analysts at Citigroup from $24.00 to $22.00 in a report issued on Friday. The firm presently has a “buy” rating on the stock. Citigroup’s target price points to a potential upside of 79.59% from the company’s current price.
Several other research firms have also commented on CLDR. Needham & Company LLC lifted their price objective on shares of Cloudera from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Thursday, September 6th. ValuEngine lowered shares of Cloudera from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st. Morgan Stanley lifted their price objective on shares of Cloudera from $17.00 to $18.00 and gave the stock a “hold” rating in a research note on Thursday, September 6th. DA Davidson raised shares of Cloudera from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Thursday, October 4th. Finally, Stifel Nicolaus lifted their price objective on shares of Cloudera from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, October 4th. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $21.47.
NYSE CLDR opened at $12.25 on Friday. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of -3.79 and a beta of 1.58. Cloudera has a 52 week low of $10.50 and a 52 week high of $22.42.
Cloudera (NYSE:CLDR) last posted its quarterly earnings data on Wednesday, December 5th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.08. The company had revenue of $118.18 million during the quarter, compared to analyst estimates of $113.60 million. Cloudera had a negative net margin of 35.63% and a negative return on equity of 49.93%. As a group, equities analysts anticipate that Cloudera will post -1.16 EPS for the current fiscal year.
In other news, insider Michael Olson sold 27,619 shares of Cloudera stock in a transaction on Thursday, December 6th. The stock was sold at an average price of $12.22, for a total transaction of $337,504.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders have sold 193,333 shares of company stock valued at $2,886,738. Corporate insiders own 30.90% of the company’s stock.
Several large investors have recently added to or reduced their stakes in CLDR. Engineers Gate Manager LP bought a new stake in shares of Cloudera in the second quarter valued at about $199,000. Jasper Ridge Partners L.P. raised its holdings in shares of Cloudera by 1.6% in the second quarter. Jasper Ridge Partners L.P. now owns 307,753 shares of the company’s stock valued at $4,198,000 after acquiring an additional 4,959 shares in the last quarter. Peregrine Capital Management LLC raised its holdings in shares of Cloudera by 2.7% in the third quarter. Peregrine Capital Management LLC now owns 1,044,424 shares of the company’s stock valued at $18,434,000 after acquiring an additional 27,503 shares in the last quarter. State Treasurer State of Michigan bought a new stake in shares of Cloudera in the second quarter valued at about $490,000. Finally, Standard Life Aberdeen plc bought a new stake in shares of Cloudera in the second quarter valued at about $639,000. Institutional investors and hedge funds own 75.70% of the company’s stock.
Cloudera Company Profile
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.
Featured Story: How is the S&P 500 index different from the DJIA?
Receive News & Ratings for Cloudera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cloudera and related companies with MarketBeat.com's FREE daily email newsletter.