DA Davidson Reiterates Buy Rating for Cloudera (NYSE:CLDR)

Cloudera (NYSE:CLDR)‘s stock had its “buy” rating reaffirmed by analysts at DA Davidson in a research note issued to investors on Friday, The Fly reports. They presently have a $13.00 target price on the stock. DA Davidson’s price objective points to a potential upside of 19.49% from the company’s previous close.

A number of other analysts also recently issued reports on CLDR. Citigroup raised their price target on shares of Cloudera from $7.50 to $8.00 and gave the stock a “neutral” rating in a report on Thursday, September 5th. Zacks Investment Research cut Cloudera from a “hold” rating to a “sell” rating in a report on Monday, November 18th. Barclays reiterated a “hold” rating and issued a $10.00 price objective on shares of Cloudera in a research report on Friday, September 6th. Nomura raised their target price on Cloudera from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Finally, Bank of America lifted their target price on Cloudera from $7.00 to $8.00 and gave the company an “underperform” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company’s stock. Cloudera presently has a consensus rating of “Hold” and an average target price of $11.69.

Shares of CLDR opened at $10.88 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.37 and a quick ratio of 1.37. Cloudera has a 12-month low of $4.89 and a 12-month high of $15.43. The firm has a 50-day moving average price of $9.11 and a 200 day moving average price of $7.65.

Cloudera (NYSE:CLDR) last released its quarterly earnings data on Thursday, December 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.22. The firm had revenue of $198.30 million during the quarter, compared to analysts’ expectations of $189.08 million. Cloudera had a negative net margin of 49.22% and a negative return on equity of 19.19%. Cloudera’s revenue was up 67.8% compared to the same quarter last year. During the same period last year, the business earned ($0.03) earnings per share. On average, sell-side analysts anticipate that Cloudera will post -1.05 earnings per share for the current year.

In related news, CAO Scott Reasoner sold 6,397 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $8.78, for a total transaction of $56,165.66. Following the transaction, the chief accounting officer now owns 102,675 shares of the company’s stock, valued at approximately $901,486.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Carl C. Icahn bought 439,914 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were purchased at an average cost of $5.00 per share, for a total transaction of $2,199,570.00. Insiders sold a total of 14,862 shares of company stock valued at $132,168 in the last quarter. 17.90% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Icahn Carl C purchased a new position in shares of Cloudera during the third quarter worth approximately $485,485,000. Metropolitan Life Insurance Co NY increased its holdings in shares of Cloudera by 16.4% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 70,566 shares of the company’s stock valued at $625,000 after acquiring an additional 9,919 shares during the period. Symmetry Peak Management LLC increased its holdings in shares of Cloudera by 185.7% in the 3rd quarter. Symmetry Peak Management LLC now owns 100,000 shares of the company’s stock valued at $886,000 after acquiring an additional 65,000 shares during the period. Point72 Asset Management L.P. purchased a new stake in Cloudera in the 3rd quarter valued at $96,000. Finally, Quantum Capital Management purchased a new stake in Cloudera in the 3rd quarter valued at $56,000. Institutional investors own 78.44% of the company’s stock.

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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The Fly

Analyst Recommendations for Cloudera (NYSE:CLDR)

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