ValuEngine lowered shares of Cloudera (NYSE:CLDR) from a buy rating to a hold rating in a research note published on Wednesday morning.

Several other research analysts have also recently commented on the stock. Rosenblatt Securities raised shares of Cloudera from a neutral rating to a buy rating in a report on Friday, November 9th. Stifel Nicolaus raised their target price on shares of Cloudera from $22.00 to $25.00 and gave the stock a buy rating in a report on Thursday, October 4th. Citigroup raised their target price on shares of Cloudera from $21.00 to $24.00 and gave the stock a buy rating in a report on Monday, September 10th. Raymond James raised their target price on shares of Cloudera from $20.00 to $24.00 and gave the stock an outperform rating in a report on Thursday, October 4th. Finally, Morgan Stanley raised their target price on shares of Cloudera from $17.00 to $18.00 and gave the stock a hold rating in a report on Thursday, September 6th. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Cloudera currently has a consensus rating of Buy and a consensus target price of $21.67.

Shares of CLDR stock opened at $11.40 on Wednesday. The company has a market cap of $1.62 billion, a price-to-earnings ratio of -3.53 and a beta of 1.67. Cloudera has a 12-month low of $10.50 and a 12-month high of $22.42.

Cloudera (NYSE:CLDR) last issued its quarterly earnings data on Wednesday, September 5th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.07. The firm had revenue of $110.30 million during the quarter, compared to the consensus estimate of $107.68 million. Cloudera had a negative net margin of 44.68% and a negative return on equity of 58.05%. During the same period last year, the business posted ($0.17) earnings per share. The business’s revenue for the quarter was up 22.8% compared to the same quarter last year. Sell-side analysts anticipate that Cloudera will post -1.16 EPS for the current fiscal year.

In other Cloudera news, insider Michael Olson sold 27,619 shares of the business’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $18.22, for a total transaction of $503,218.18. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold 165,714 shares of company stock worth $2,623,805 over the last three months. 30.90% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. First Mercantile Trust Co. acquired a new position in shares of Cloudera during the third quarter worth $125,000. Great West Life Assurance Co. Can acquired a new position in shares of Cloudera during the second quarter worth $128,000. IFP Advisors Inc lifted its holdings in shares of Cloudera by 641.5% during the third quarter. IFP Advisors Inc now owns 7,230 shares of the company’s stock worth $128,000 after purchasing an additional 6,255 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of Cloudera during the third quarter worth $140,000. Finally, Bessemer Group Inc. lifted its holdings in shares of Cloudera by 290.4% during the second quarter. Bessemer Group Inc. now owns 10,483 shares of the company’s stock worth $143,000 after purchasing an additional 7,798 shares during the period. 76.11% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Cloudera (NYSE:CLDR)

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