Edge Wealth Management LLC lessened its holdings in shares of Cloudera Inc (NYSE:CLDR) by 20.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 57,343 shares of the company’s stock after selling 14,637 shares during the quarter. Edge Wealth Management LLC’s holdings in Cloudera were worth $634,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Quantum Capital Management lifted its stake in shares of Cloudera by 23.9% during the 2nd quarter. Quantum Capital Management now owns 18,704 shares of the company’s stock worth $255,000 after purchasing an additional 3,612 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Cloudera by 16.4% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 26,944 shares of the company’s stock worth $476,000 after buying an additional 3,790 shares during the period. Washington Capital Management Inc. raised its position in shares of Cloudera by 20.6% in the 3rd quarter. Washington Capital Management Inc. now owns 26,900 shares of the company’s stock worth $475,000 after buying an additional 4,600 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of Cloudera by 16.6% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 36,975 shares of the company’s stock worth $504,000 after buying an additional 5,274 shares during the period. Finally, IFP Advisors Inc raised its position in shares of Cloudera by 641.5% in the 3rd quarter. IFP Advisors Inc now owns 7,230 shares of the company’s stock worth $128,000 after buying an additional 6,255 shares during the period. 74.52% of the stock is currently owned by institutional investors.

Several research analysts recently weighed in on the company. Zacks Investment Research raised Cloudera from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Tuesday, December 11th. Northland Securities assumed coverage on Cloudera in a research report on Wednesday. They issued an “outperform” rating and a $15.00 price objective on the stock. Bank of America reissued a “neutral” rating and issued a $18.00 price objective (down from $22.00) on shares of Cloudera in a research report on Thursday, December 6th. ValuEngine lowered Cloudera from a “buy” rating to a “hold” rating in a research report on Wednesday, November 21st. Finally, Nomura set a $20.00 price objective on Cloudera and gave the company a “buy” rating in a research report on Thursday, December 6th. Seven equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $20.94.

In related news, insider Michael Olson sold 27,619 shares of Cloudera stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 110,476 shares of company stock valued at $1,449,721 over the last quarter. Insiders own 30.90% of the company’s stock.

Shares of Cloudera stock traded down $0.31 during trading hours on Friday, hitting $11.61. 3,432,575 shares of the company’s stock traded hands, compared to its average volume of 3,012,502. The company has a market capitalization of $1.78 billion, a PE ratio of -3.59 and a beta of 1.34. Cloudera Inc has a twelve month low of $10.07 and a twelve month high of $22.42.

Cloudera (NYSE:CLDR) last announced its earnings results on Wednesday, December 5th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.08. The company had revenue of $118.18 million during the quarter, compared to the consensus estimate of $113.60 million. Cloudera had a negative return on equity of 50.68% and a negative net margin of 35.63%. As a group, sell-side analysts expect that Cloudera Inc will post -0.98 earnings per share for the current year.

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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.

See Also: Cost of Capital

Institutional Ownership by Quarter for Cloudera (NYSE:CLDR)

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