Cloudera (CLDR) Downgraded to Hold at Zacks Investment Research

Cloudera (NASDAQ:CLDR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “Cloudera, Inc. develops and distributes software for business data which include storage, access, management, analysis, security, search, processing and analysis applications. Its products include Cloudera Enterprise Data Hub, Cloudera Analytic BD, Cloudera Operational DB, Cloudera Data Science & Engineering and Cloud Essentials. Cloudera, Inc. is headquartered in Palo Alto, California. “

Several other brokerages also recently weighed in on CLDR. BidaskClub upgraded Cloudera from a “hold” rating to a “buy” rating in a report on Wednesday, August 30th. Morgan Stanley reiterated an “equal weight” rating and issued a $18.00 price target (down from $20.00) on shares of Cloudera in a report on Thursday, July 20th. Mizuho initiated coverage on Cloudera in a report on Wednesday, October 11th. They issued a “neutral” rating and a $18.00 price target on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $24.00 price target on shares of Cloudera in a report on Friday, September 8th. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and issued a $24.00 price target (up from $20.00) on shares of Cloudera in a report on Friday, September 8th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $22.00.

Cloudera (NASDAQ:CLDR) last issued its quarterly earnings data on Thursday, September 7th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.08. The company had revenue of $89.80 million for the quarter, compared to analysts’ expectations of $85.72 million. The business’s revenue was up 39.2% compared to the same quarter last year.

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In other news, Director Ping Li sold 6,528,862 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $15.79, for a total value of $103,090,730.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Greylock Xii Gp Llc sold 3,575,098 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $15.79, for a total value of $56,450,797.42. The disclosure for this sale can be found here. Insiders have sold a total of 10,123,253 shares of company stock worth $159,839,219 in the last ninety days.

Several institutional investors have recently bought and sold shares of CLDR. Nationwide Fund Advisors acquired a new stake in Cloudera during the 2nd quarter worth about $131,000. Blume Capital Management Inc. acquired a new stake in Cloudera during the 2nd quarter worth about $135,000. The Manufacturers Life Insurance Company acquired a new stake in Cloudera during the 2nd quarter worth about $172,000. Cambridge Investment Research Advisors Inc. acquired a new stake in Cloudera during the 2nd quarter worth about $190,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Cloudera during the 2nd quarter worth about $190,000.

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