Cloudera (NYSE:CLDR) had its target price reduced by Deutsche Bank from $15.00 to $13.00 in a report released on Thursday morning, The Fly reports. They currently have a hold rating on the stock.

A number of other brokerages have also recently weighed in on CLDR. ValuEngine cut shares of Cloudera from a buy rating to a hold rating in a report on Monday, February 4th. Zacks Investment Research upgraded shares of Cloudera from a hold rating to a buy rating and set a $15.00 price objective for the company in a report on Monday, February 11th. Wells Fargo & Co started coverage on shares of Cloudera in a report on Tuesday, January 22nd. They issued an outperform rating and a $20.00 price objective for the company. Citigroup dropped their price objective on shares of Cloudera from $24.00 to $22.00 and set a buy rating for the company in a report on Friday, December 7th. Finally, Barclays started coverage on shares of Cloudera in a report on Monday, March 11th. They issued an equal weight rating and a $16.00 price objective for the company. Nine analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Cloudera currently has an average rating of Buy and an average price target of $19.44.

Shares of CLDR stock opened at $11.67 on Thursday. The company has a market capitalization of $2.20 billion, a P/E ratio of -3.61 and a beta of 1.69. Cloudera has a fifty-two week low of $10.07 and a fifty-two week high of $22.42.

Cloudera (NYSE:CLDR) last announced its quarterly earnings data on Wednesday, March 13th. The company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.16). The business had revenue of $144.50 million during the quarter, compared to analyst estimates of $209.29 million. Cloudera had a negative net margin of 35.63% and a negative return on equity of 50.68%. The company’s revenue for the quarter was up 39.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.10) EPS. Research analysts expect that Cloudera will post -0.98 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Penserra Capital Management LLC grew its holdings in Cloudera by 52.3% during the 4th quarter. Penserra Capital Management LLC now owns 3,696 shares of the company’s stock worth $40,000 after acquiring an additional 1,270 shares in the last quarter. Bank of Montreal Can grew its holdings in Cloudera by 112.7% during the 4th quarter. Bank of Montreal Can now owns 3,672 shares of the company’s stock worth $41,000 after acquiring an additional 1,946 shares in the last quarter. JOYN Advisors Inc. acquired a new position in Cloudera during the 4th quarter worth approximately $43,000. IFP Advisors Inc grew its holdings in Cloudera by 10.7% during the 4th quarter. IFP Advisors Inc now owns 8,000 shares of the company’s stock worth $87,000 after acquiring an additional 770 shares in the last quarter. Finally, First Mercantile Trust Co. grew its holdings in Cloudera by 29.3% during the 4th quarter. First Mercantile Trust Co. now owns 9,186 shares of the company’s stock worth $102,000 after acquiring an additional 2,082 shares in the last quarter. Institutional investors own 83.05% of the company’s stock.

About Cloudera

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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