Peregrine Capital Management LLC boosted its stake in shares of Cloudera (NASDAQ:CLDR) by 46.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,185,660 shares of the company’s stock after purchasing an additional 378,409 shares during the period. Peregrine Capital Management LLC owned about 0.90% of Cloudera worth $19,706,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC purchased a new position in Cloudera during the second quarter valued at $39,867,000. TimesSquare Capital Management LLC purchased a new position in Cloudera during the second quarter valued at $36,154,000. Capital World Investors purchased a new position in Cloudera during the second quarter valued at $34,057,000. Glynn Capital Management LLC purchased a new position in Cloudera during the second quarter valued at $29,774,000. Finally, JPMorgan Chase & Co. purchased a new position in Cloudera during the second quarter valued at $18,831,000.
Shares of Cloudera (CLDR) traded down 0.59% during trading on Tuesday, hitting $15.06. The stock had a trading volume of 168,295 shares. The firm’s market cap is $1.98 billion. The firm has a 50 day moving average price of $16.65 and a 200 day moving average price of $18.09. Cloudera has a 12-month low of $14.50 and a 12-month high of $23.35.
Cloudera (NASDAQ:CLDR) last posted its earnings results on Thursday, September 7th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.08. The firm had revenue of $89.80 million for the quarter, compared to analysts’ expectations of $85.72 million. Cloudera’s quarterly revenue was up 39.2% on a year-over-year basis. On average, equities analysts expect that Cloudera will post ($0.94) earnings per share for the current fiscal year.
In other news, insider Greylock Xii Gp Llc sold 3,575,098 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $15.79, for a total transaction of $56,450,797.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Martin I. Cole bought 30,000 shares of the stock in a transaction dated Friday, October 27th. The shares were purchased at an average cost of $15.07 per share, for a total transaction of $452,100.00. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 10,123,253 shares of company stock worth $159,839,219.
Several equities analysts recently weighed in on the company. Zacks Investment Research downgraded Cloudera from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. BidaskClub downgraded Cloudera from a “buy” rating to a “hold” rating in a research report on Monday, September 18th. Mizuho began coverage on Cloudera in a research report on Wednesday, October 11th. They set a “neutral” rating and a $18.00 target price on the stock. Stifel Nicolaus restated a “buy” rating and issued a $24.00 price objective on shares of Cloudera in a research report on Friday, September 8th. Finally, Morgan Stanley boosted their price objective on Cloudera from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Friday, September 8th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $22.00.
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