Cloudera (CLDR) Director Buys $305,000.00 in Stock

Cloudera (NASDAQ:CLDR) Director Martin I. Cole purchased 20,000 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were bought at an average cost of $15.25 per share, for a total transaction of $305,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of Cloudera (NASDAQ:CLDR) opened at $15.71 on Friday.

Cloudera (NASDAQ:CLDR) last released its earnings results on Thursday, September 7th. The company reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.08. The firm had revenue of $89.80 million for the quarter, compared to the consensus estimate of $85.72 million. The business’s revenue for the quarter was up 39.2% on a year-over-year basis.

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CLDR has been the topic of a number of recent analyst reports. Morgan Stanley reaffirmed an “equal weight” rating and set a $18.00 price target (down previously from $20.00) on shares of Cloudera in a report on Thursday, July 20th. BidaskClub raised shares of Cloudera from a “hold” rating to a “buy” rating in a report on Wednesday, August 30th. Zacks Investment Research raised shares of Cloudera from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Tuesday, October 10th. J P Morgan Chase & Co reissued an “overweight” rating and issued a $24.00 price objective (up previously from $20.00) on shares of Cloudera in a report on Friday, September 8th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $24.00 price objective 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. Cloudera presently has a consensus rating of “Hold” and a consensus price target of $22.00.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CLDR. Peregrine Capital Management LLC bought a new stake in Cloudera during the 2nd quarter worth approximately $12,932,000. Moloney Securities Asset Management LLC bought a new stake in shares of Cloudera during the second quarter valued at approximately $276,000. Spark Investment Management LLC bought a new stake in shares of Cloudera during the second quarter valued at approximately $1,036,000. Emerald Advisers Inc. PA bought a new stake in shares of Cloudera during the second quarter valued at approximately $5,706,000. Finally, Emerald Mutual Fund Advisers Trust bought a new stake in shares of Cloudera during the second quarter valued at approximately $4,648,000.

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