Teachers Advisors LLC Invests $392,000 in Cloudera, Inc. (CLDR) Stock
Teachers Advisors LLC purchased a new position in Cloudera, Inc. (NASDAQ:CLDR) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 24,478 shares of the company’s stock, valued at approximately $392,000.
A number of other institutional investors and hedge funds also recently modified their holdings of CLDR. Peregrine Capital Management LLC purchased a new position in Cloudera in the 2nd quarter worth about $12,932,000. Moloney Securities Asset Management LLC purchased a new position in Cloudera during the 2nd quarter valued at about $276,000. Spark Investment Management LLC purchased a new position in Cloudera during the 2nd quarter valued at about $1,036,000. Emerald Advisers Inc. PA purchased a new position in Cloudera during the 2nd quarter valued at about $5,706,000. Finally, Emerald Mutual Fund Advisers Trust purchased a new position in Cloudera during the 2nd quarter valued at about $4,648,000.
Shares of Cloudera, Inc. (NASDAQ:CLDR) opened at $15.59 on Wednesday.
Cloudera (NASDAQ:CLDR) last announced its quarterly earnings results on Thursday, September 7th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.25) by $0.08. The firm had revenue of $89.80 million for the quarter, compared to analyst estimates of $85.72 million. The company’s revenue for the quarter was up 39.2% on a year-over-year basis.
Several equities analysts have weighed in on the company. Zacks Investment Research cut Cloudera from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Mizuho assumed coverage on Cloudera in a research note on Wednesday, October 11th. They set a “neutral” rating and a $18.00 target price on the stock. BidaskClub cut Cloudera from a “buy” rating to a “hold” rating in a research note on Monday, September 18th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $24.00 target price (up previously from $20.00) on shares of Cloudera in a research note on Friday, September 8th. Finally, Morgan Stanley lifted their target price on Cloudera from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Friday, September 8th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $22.00.
In related news, insider Greylock Xii Gp Llc sold 3,575,098 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $15.79, for a total value of $56,450,797.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Martin I. Cole bought 30,000 shares of Cloudera stock in a transaction that occurred on Friday, October 27th. The stock was bought at an average price of $15.07 per share, with a total value of $452,100.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 10,123,253 shares of company stock valued at $159,839,219.
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