Traders Sell Shares of Cloudera (CLDR) on Strength After Insider Selling

Traders sold shares of Cloudera (NASDAQ:CLDR) on strength during trading on Monday following insider selling activity. $5.93 million flowed into the stock on the tick-up and $23.47 million flowed out of the stock on the tick-down, for a money net flow of $17.54 million out of the stock. Of all companies tracked, Cloudera had the 0th highest net out-flow for the day. Cloudera traded up $0.25 for the day and closed at $15.15Specifically, insider Greylock Xii Gp Llc sold 3,575,098 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $15.79, for a total value of $56,450,797.42. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Ping Li sold 6,528,862 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $15.79, for a total transaction of $103,090,730.98. The disclosure for this sale can be found here. Insiders sold a total of 10,123,253 shares of company stock worth $159,839,219 over the last quarter.

Several research analysts recently weighed in on the stock. Morgan Stanley boosted their target price on shares of Cloudera from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Friday, September 8th. Stifel Nicolaus reissued a “buy” rating and issued a $24.00 target price on shares of Cloudera in a research note on Friday, September 8th. J P Morgan Chase & Co reissued an “overweight” rating and issued a $24.00 target price (up previously from $20.00) on shares of Cloudera in a research note on Friday, September 8th. BidaskClub raised shares of Cloudera from a “hold” rating to a “buy” rating in a research note on Wednesday, August 30th. Finally, Zacks Investment Research downgraded shares of Cloudera from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $22.00.

The firm’s 50-day moving average is $16.65 and its 200 day moving average is $18.09. The stock’s market capitalization is $1.99 billion.

Cloudera (NASDAQ:CLDR) last announced its quarterly earnings data on Thursday, September 7th. The company reported ($0.17) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.08. The business had revenue of $89.80 million for the quarter, compared to analyst estimates of $85.72 million. The business’s revenue was up 39.2% on a year-over-year basis. On average, analysts expect that Cloudera will post ($0.94) earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of the stock. Nationwide Fund Advisors bought a new position in shares of Cloudera in the 2nd quarter valued at approximately $131,000. Blume Capital Management Inc. bought a new position in shares of Cloudera in the 2nd quarter valued at approximately $135,000. The Manufacturers Life Insurance Company bought a new position in shares of Cloudera in the 2nd quarter valued at approximately $172,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of Cloudera in the 2nd quarter valued at approximately $190,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Cloudera in the 2nd quarter valued at approximately $190,000.

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