JPMorgan Chase & Co. Boosts Cloudera (NYSE:CLDR) Price Target to $9.00

Cloudera (NYSE:CLDR) had its price target boosted by JPMorgan Chase & Co. from $8.00 to $9.00 in a research note released on Thursday, BenzingaRatingsTable reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Other equities research analysts have also issued research reports about the company. ValuEngine raised Cloudera from a hold rating to a buy rating in a research report on Tuesday, July 2nd. Zacks Investment Research lowered Cloudera from a buy rating to a hold rating in a research report on Thursday, July 11th. Barclays reduced their price target on Cloudera from $14.00 to $7.00 and set an equal weight rating on the stock in a research report on Thursday, June 6th. Nomura increased their price target on Cloudera from $8.00 to $10.00 and gave the company a buy rating in a research report on Thursday. Finally, Wells Fargo & Co lowered Cloudera from an outperform rating to a market perform rating and set a $10.75 price target on the stock. in a research report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company. Cloudera presently has an average rating of Hold and a consensus price target of $12.45.

CLDR stock traded up $0.52 during mid-day trading on Thursday, reaching $8.80. The company had a trading volume of 18,288,667 shares, compared to its average volume of 9,249,181. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.36 and a current ratio of 1.36. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of -7.72 and a beta of 0.77. The firm has a fifty day simple moving average of $6.61 and a 200 day simple moving average of $8.96. Cloudera has a fifty-two week low of $4.89 and a fifty-two week high of $20.18.

Cloudera (NYSE:CLDR) last posted its quarterly earnings results on Wednesday, September 4th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.02. The company had revenue of $196.70 million for the quarter, compared to analyst estimates of $182.31 million. Cloudera had a negative return on equity of 22.76% and a negative net margin of 46.72%. Cloudera’s revenue for the quarter was up 78.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.08) EPS. As a group, analysts predict that Cloudera will post -1.05 earnings per share for the current year.

In other Cloudera news, CAO Scott Reasoner sold 7,688 shares of Cloudera stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $6.46, for a total transaction of $49,664.48. Following the transaction, the chief accounting officer now owns 121,206 shares of the company’s stock, valued at $782,990.76. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Kimberly Hammonds sold 7,686 shares of Cloudera stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $5.73, for a total value of $44,040.78. The disclosure for this sale can be found here. Insiders have sold a total of 50,617 shares of company stock worth $296,583 in the last three months. Corporate insiders own 17.90% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Optimum Investment Advisors increased its position in Cloudera by 1,000.0% during the first quarter. Optimum Investment Advisors now owns 3,300 shares of the company’s stock worth $36,000 after buying an additional 3,000 shares during the period. CSat Investment Advisory L.P. acquired a new position in Cloudera during the second quarter worth approximately $30,000. Oppenheimer Asset Management Inc. acquired a new position in Cloudera during the first quarter worth approximately $81,000. Evolution Wealth Advisors LLC acquired a new position in Cloudera during the first quarter worth approximately $84,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in Cloudera during the second quarter worth approximately $51,000. 70.61% of the stock is currently owned by institutional investors.

Cloudera Company Profile

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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Analyst Recommendations for Cloudera (NYSE:CLDR)

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