Truvestments Capital LLC Purchases 2,215 Shares of Cloudera Inc (NYSE:CLDR)

Truvestments Capital LLC raised its position in shares of Cloudera Inc (NYSE:CLDR) by 170.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,517 shares of the company’s stock after acquiring an additional 2,215 shares during the quarter. Truvestments Capital LLC’s holdings in Cloudera were worth $31,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CLDR. CSat Investment Advisory L.P. bought a new stake in Cloudera during the 2nd quarter valued at approximately $30,000. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in Cloudera in the 2nd quarter worth approximately $51,000. Tower Research Capital LLC TRC raised its holdings in Cloudera by 457.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 11,985 shares of the company’s stock worth $63,000 after acquiring an additional 9,835 shares during the last quarter. Spearhead Capital Advisors LLC purchased a new position in Cloudera in the 2nd quarter worth approximately $65,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in Cloudera in the 2nd quarter worth approximately $73,000. 67.54% of the stock is currently owned by institutional investors and hedge funds.

In related news, CAO Scott Reasoner sold 7,688 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $6.46, for a total value of $49,664.48. Following the completion of the transaction, the chief accounting officer now owns 121,206 shares of the company’s stock, valued at approximately $782,990.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Carl C. Icahn acquired 439,914 shares of the company’s stock in a transaction on Monday, September 9th. The shares were bought at an average cost of $5.00 per share, with a total value of $2,199,570.00. Insiders sold a total of 45,165 shares of company stock valued at $272,716 in the last ninety days. 17.90% of the stock is currently owned by insiders.

CLDR has been the subject of a number of recent analyst reports. JMP Securities upgraded shares of Cloudera from a “market perform” rating to an “outperform” rating and set a $12.00 price objective for the company in a report on Thursday, September 5th. Morgan Stanley boosted their target price on shares of Cloudera from $7.00 to $9.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 24th. Needham & Company LLC reiterated a “hold” rating on shares of Cloudera in a research note on Wednesday, September 25th. DA Davidson boosted their target price on shares of Cloudera to $11.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Cloudera from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Cloudera presently has an average rating of “Hold” and an average price target of $11.58.

Shares of CLDR stock traded up $0.33 during mid-day trading on Friday, reaching $8.69. 53,711 shares of the company’s stock traded hands, compared to its average volume of 6,657,776. Cloudera Inc has a 12 month low of $4.89 and a 12 month high of $15.84. The firm has a 50 day moving average price of $8.22 and a two-hundred day moving average price of $8.18. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market capitalization of $2.38 billion, a PE ratio of -7.66 and a beta of 0.82.

Cloudera (NYSE:CLDR) last issued its quarterly earnings data 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. Cloudera had a negative net margin of 46.72% and a negative return on equity of 21.07%. The firm had revenue of $196.70 million during the quarter, compared to the consensus estimate of $182.31 million. During the same quarter in the previous year, the firm posted ($0.08) EPS. The company’s revenue for the quarter was up 78.3% compared to the same quarter last year. As a group, equities analysts expect that Cloudera Inc will post -1.04 earnings per share for the current fiscal year.

About Cloudera

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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Institutional Ownership by Quarter for Cloudera (NYSE:CLDR)

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