Cloudera (NYSE:CLDR) Price Target Raised to $11.00

Cloudera (NYSE:CLDR) had its price target lifted by Nomura from $10.00 to $11.00 in a research note released on Monday, AnalystRatings.com reports. They currently have a buy rating on the stock.

Several other brokerages have also recently weighed in on CLDR. Wedbush boosted their price target on shares of Cloudera from $8.50 to $11.00 and gave the stock a neutral rating in a research report on Friday, December 6th. DA Davidson restated a buy rating and issued a $13.00 price target on shares of Cloudera in a research report on Friday, December 6th. Wells Fargo & Co restated a hold rating on shares of Cloudera in a research report on Friday, December 6th. Bank of America boosted their price target on shares of Cloudera from $7.00 to $8.00 and gave the stock an underperform rating in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Cloudera from $9.00 to $11.00 and gave the stock a neutral rating in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $11.92.

Shares of CLDR opened at $10.96 on Monday. The company’s fifty day moving average is $9.37 and its 200 day moving average is $7.67. Cloudera has a fifty-two week low of $4.89 and a fifty-two week high of $15.43. The stock has a market capitalization of $3.04 billion, a PE ratio of -9.61 and a beta of 0.90. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.37 and a current ratio of 1.30.

Cloudera (NYSE:CLDR) last announced its quarterly earnings results on Thursday, December 5th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.22. Cloudera had a negative net margin of 49.22% and a negative return on equity of 19.40%. The company had revenue of $198.30 million for the quarter, compared to analysts’ expectations of $189.08 million. During the same quarter in the previous year, the business posted ($0.03) earnings per share. Cloudera’s quarterly revenue was up 67.8% on a year-over-year basis. As a group, research analysts forecast that Cloudera will post -0.98 earnings per share for the current year.

In other Cloudera news, CAO Scott Reasoner sold 6,397 shares of the business’s stock in a transaction on Friday, November 15th. The shares were 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 in the company, valued at $901,486.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 14,862 shares of company stock worth $132,168 in the last quarter. Company insiders own 17.90% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. D.A. Davidson & CO. boosted its stake in shares of Cloudera by 6.7% during the third quarter. D.A. Davidson & CO. now owns 32,000 shares of the company’s stock valued at $284,000 after purchasing an additional 2,000 shares during the period. Truvestments Capital LLC boosted its stake in shares of Cloudera by 170.1% during the third quarter. Truvestments Capital LLC now owns 3,517 shares of the company’s stock valued at $31,000 after purchasing an additional 2,215 shares during the period. Prudential Financial Inc. boosted its stake in shares of Cloudera by 12.3% during the second quarter. Prudential Financial Inc. now owns 23,701 shares of the company’s stock valued at $125,000 after purchasing an additional 2,600 shares during the period. California State Teachers Retirement System boosted its stake in shares of Cloudera by 1.0% during the third quarter. California State Teachers Retirement System now owns 367,198 shares of the company’s stock valued at $3,253,000 after purchasing an additional 3,698 shares during the period. Finally, Lindbrook Capital LLC purchased a new stake in shares of Cloudera during the third quarter valued at $35,000. Institutional investors and hedge funds own 78.41% 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.

Further Reading: Mutual funds are not immune from market timing

Analyst Recommendations for Cloudera (NYSE:CLDR)

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