Cloudera Inc (NYSE:CLDR)’s share price shot up 1.4% on Friday after Stifel Nicolaus raised their price target on the stock from $19.00 to $22.00. Stifel Nicolaus currently has a buy rating on the stock. Cloudera traded as high as $18.07 and last traded at $17.85. 419,759 shares were traded during mid-day trading, a decline of 75% from the average session volume of 1,662,423 shares. The stock had previously closed at $17.60.

CLDR has been the subject of several other reports. Zacks Investment Research upgraded Cloudera from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Tuesday, June 19th. Rosenblatt Securities assumed coverage on Cloudera in a research report on Monday, July 9th. They set a “neutral” rating and a $17.00 target price for the company. Morgan Stanley boosted their target price on Cloudera from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Thursday. Needham & Company LLC boosted their target price on Cloudera from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Nomura assumed coverage on Cloudera in a research report on Thursday, June 14th. They set a “reduce” rating and a $12.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.15.

In other Cloudera news, insider Michael Olson sold 27,619 shares of Cloudera stock in a transaction dated Thursday, July 5th. The stock was sold at an average price of $13.92, for a total transaction of $384,456.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have sold 138,095 shares of company stock valued at $2,006,797. Corporate insiders own 30.90% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CLDR. Wells Fargo & Company MN lifted its stake in shares of Cloudera by 30.7% in the 1st quarter. Wells Fargo & Company MN now owns 86,831 shares of the company’s stock valued at $1,874,000 after acquiring an additional 20,384 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Cloudera by 5.1% in the 1st quarter. Rhumbline Advisers now owns 90,197 shares of the company’s stock valued at $1,946,000 after acquiring an additional 4,356 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Cloudera in the 1st quarter valued at about $138,000. State Board of Administration of Florida Retirement System lifted its stake in shares of Cloudera by 23.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 31,267 shares of the company’s stock valued at $675,000 after acquiring an additional 5,845 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Cloudera by 5.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 433,499 shares of the company’s stock valued at $9,355,000 after acquiring an additional 24,323 shares during the last quarter. 73.67% of the stock is owned by institutional investors.

The company has a market cap of $2.66 billion, a price-to-earnings ratio of -5.44 and a beta of 0.94.

Cloudera (NYSE:CLDR) last released its earnings results on Wednesday, September 5th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.07. The company had revenue of $110.30 million during the quarter, compared to analyst estimates of $107.68 million. Cloudera had a negative return on equity of 56.85% and a negative net margin of 44.68%. Cloudera’s revenue for the quarter was up 22.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.17) EPS. equities analysts anticipate that Cloudera Inc will post -1.33 EPS for the current year.

About Cloudera (NYSE:CLDR)

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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