CAPROCK Group Inc. bought a new position in Cloudera Inc (NYSE:CLDR) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 13,088 shares of the company’s stock, valued at approximately $143,000.
A number of other institutional investors have also recently modified their holdings of the business. Penserra Capital Management LLC raised its holdings in shares of Cloudera by 52.3% during the fourth quarter. Penserra Capital Management LLC now owns 3,696 shares of the company’s stock valued at $40,000 after purchasing an additional 1,270 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Cloudera by 112.7% during the fourth quarter. Bank of Montreal Can now owns 3,672 shares of the company’s stock valued at $41,000 after purchasing an additional 1,946 shares during the last quarter. JOYN Advisors Inc. purchased a new position in shares of Cloudera during the fourth quarter valued at approximately $43,000. IFP Advisors Inc raised its holdings in shares of Cloudera by 10.7% during the fourth quarter. IFP Advisors Inc now owns 8,000 shares of the company’s stock valued at $87,000 after purchasing an additional 770 shares during the last quarter. Finally, First Mercantile Trust Co. raised its holdings in shares of Cloudera by 29.3% during the fourth quarter. First Mercantile Trust Co. now owns 9,186 shares of the company’s stock valued at $102,000 after purchasing an additional 2,082 shares during the last quarter. 81.09% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on the stock. Sanford C. Bernstein raised shares of Cloudera from a “market perform” rating to an “outperform” rating and set a $15.00 price objective for the company in a report on Monday, April 8th. Zacks Investment Research upgraded shares of Cloudera from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Tuesday, March 19th. Wedbush cut their target price on shares of Cloudera from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Thursday, March 14th. DA Davidson cut their target price on shares of Cloudera to $23.00 and set a “buy” rating for the company in a research report on Thursday, March 14th. Finally, Needham & Company LLC cut their target price on shares of Cloudera from $31.00 to $28.00 and set a “strong-buy” rating for the company in a research report on Thursday, March 14th. They noted that the move was a valuation call. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Cloudera currently has an average rating of “Buy” and a consensus target price of $18.88.
In other Cloudera news, Director Robert G. Bearden sold 624,934 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $11.60, for a total value of $7,249,234.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael A. Stankey purchased 10,000 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was purchased at an average price of $11.55 per share, with a total value of $115,500.00. The disclosure for this purchase can be found here. Corporate insiders own 30.90% of the company’s stock.
Shares of NYSE CLDR opened at $11.45 on Tuesday. The company has a market cap of $3.10 billion, a P/E ratio of -10.04 and a beta of 1.61. Cloudera Inc has a 12-month low of $10.07 and a 12-month high of $20.18.
Cloudera (NYSE:CLDR) last posted its quarterly earnings results on Wednesday, March 13th. The company reported ($0.41) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($0.16). The firm had revenue of $144.50 million during the quarter, compared to the consensus estimate of $209.29 million. Cloudera had a negative return on equity of 30.72% and a negative net margin of 41.30%. The business’s revenue for the quarter was up 39.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.10) earnings per share. On average, equities analysts predict that Cloudera Inc will post -0.93 EPS for the current fiscal year.
Cloudera, Inc provides a suite of data analytics and management products in the United States, Europe, and Asia. The company operates through two segments, Subscription and Services. It offers Cloudera Enterprise Data Hub that allows companies to execute various analytic functions against a shared set of governed and secures data in public and private clouds, and data centers; Cloudera Data Warehouse, a hybrid cloud solution for self-service analytics; Cloudera Data Science and Engineering enables users to streamline, simplify, and scale big data processing; and Cloudera Operational DB that enables stream processing and real-time analytics on continuously changing data.
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