Cloudera (NYSE:CLDR)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Bank of America in a research report issued on Thursday, Marketbeat reports. They currently have a $18.00 price objective on the stock, down from their prior price objective of $22.00. Bank of America’s price objective suggests a potential upside of 46.94% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the company. BTIG Research initiated coverage on Cloudera in a research note on Wednesday, September 12th. They issued a “buy” rating on the stock. ValuEngine upgraded Cloudera from a “hold” rating to a “buy” rating in a research note on Monday, September 17th. Citigroup raised their target price on Cloudera from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Monday, September 10th. Stifel Nicolaus raised their target price on Cloudera from $19.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, September 6th. Finally, Raymond James raised their target price on Cloudera from $20.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday, October 4th. Eight investment 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 stock. The stock has an average rating of “Buy” and a consensus target price of $21.47.

Shares of CLDR opened at $12.25 on Thursday. Cloudera has a 12-month low of $10.50 and a 12-month high of $22.42. The firm has a market cap of $1.97 billion, a P/E ratio of -3.79 and a beta of 1.58.

Cloudera (NYSE:CLDR) last announced its quarterly earnings data on Wednesday, December 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.08. Cloudera had a negative return on equity of 49.93% and a negative net margin of 35.63%. The firm had revenue of $118.18 million for the quarter, compared to analysts’ expectations of $113.60 million. On average, analysts predict 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 firm’s stock in a transaction on Thursday, December 6th. The stock was sold at an average price of $12.22, for a total value of $337,504.18. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold 193,333 shares of company stock worth $2,886,738 over the last quarter. 30.90% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of CLDR. OppenheimerFunds Inc. bought a new stake in shares of Cloudera during the second quarter valued at about $40,920,000. BlackRock Inc. raised its stake in shares of Cloudera by 12.8% during the second quarter. BlackRock Inc. now owns 18,033,077 shares of the company’s stock valued at $245,971,000 after purchasing an additional 2,039,868 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Cloudera by 1,081.1% during the third quarter. Renaissance Technologies LLC now owns 1,591,000 shares of the company’s stock valued at $28,081,000 after purchasing an additional 1,456,300 shares in the last quarter. Frontier Capital Management Co. LLC bought a new stake in shares of Cloudera during the third quarter valued at about $18,594,000. Finally, Millennium Management LLC raised its stake in shares of Cloudera by 2,235.3% during the second quarter. Millennium Management LLC now owns 1,082,048 shares of the company’s stock valued at $14,759,000 after purchasing an additional 1,035,714 shares in the last quarter. 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.

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Analyst Recommendations for Cloudera (NYSE:CLDR)

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