ValuEngine Downgrades Cloudera (NYSE:CLDR) to Hold

ValuEngine cut shares of Cloudera (NYSE:CLDR) from a buy rating to a hold rating in a report published on Monday, February 4th.

Several other analysts have also recently commented on the company. Wells Fargo & Co assumed coverage on Cloudera in a research report on Tuesday, January 22nd. They set an outperform rating and a $20.00 price target for the company. Zacks Investment Research raised Cloudera from a hold rating to a buy rating and set a $14.00 price objective on the stock in a research note on Tuesday, December 11th. Needham & Company LLC raised Cloudera from a buy rating to a strong-buy rating and boosted their price objective for the stock from $23.00 to $31.00 in a research note on Monday, November 5th. Citigroup lowered their price objective on Cloudera from $24.00 to $22.00 and set a buy rating on the stock in a research note on Friday, December 7th. Finally, UBS Group raised Cloudera from a neutral rating to a buy rating in a research note on Friday, November 9th. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $20.94.

Shares of Cloudera stock traded up $0.58 on Monday, reaching $15.15. The company’s stock had a trading volume of 4,886,904 shares, compared to its average volume of 2,447,332. The stock has a market capitalization of $2.33 billion, a PE ratio of -4.69 and a beta of 1.66. Cloudera has a 52-week low of $10.07 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, beating the Zacks’ consensus estimate of ($0.11) by $0.08. The business had revenue of $118.18 million during the quarter, compared to analysts’ expectations of $113.60 million. Cloudera had a negative return on equity of 50.68% and a negative net margin of 35.63%. Equities analysts forecast that Cloudera will post -0.98 EPS for the current fiscal year.

In related 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 transaction of $337,504.18. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 30.90% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James & Associates increased its holdings in shares of Cloudera by 65.0% in the 2nd quarter. Raymond James & Associates now owns 63,683 shares of the company’s stock valued at $869,000 after acquiring an additional 25,096 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Cloudera by 26.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 426,651 shares of the company’s stock valued at $5,820,000 after acquiring an additional 90,477 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Cloudera by 15.0% in the 2nd quarter. Northern Trust Corp now owns 1,198,060 shares of the company’s stock valued at $16,341,000 after acquiring an additional 156,214 shares during the last quarter. Gradient Investments LLC increased its holdings in shares of Cloudera by 32.5% in the 3rd quarter. Gradient Investments LLC now owns 74,263 shares of the company’s stock valued at $1,311,000 after acquiring an additional 18,213 shares during the last quarter. Finally, Seven Eight Capital LP purchased a new position in shares of Cloudera in the 3rd quarter valued at about $3,417,000. Institutional investors own 76.22% 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.

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