Cloudera (CLDR) Upgraded to Buy by UBS Group

UBS Group upgraded shares of Cloudera (NYSE:CLDR) from a neutral rating to a buy rating in a report issued on Friday morning, The Fly reports.

A number of other research firms have also recently commented on CLDR. BTIG Research assumed coverage on Cloudera in a report on Wednesday, September 12th. They set a buy rating on the stock. ValuEngine raised Cloudera from a hold rating to a buy rating in a report on Monday, September 17th. Citigroup raised their price target on Cloudera from $21.00 to $24.00 and gave the company a buy rating in a report on Monday, September 10th. Stifel Nicolaus raised their price target on Cloudera from $19.00 to $22.00 and gave the company a buy rating in a report on Thursday, September 6th. Finally, Raymond James raised their price target on Cloudera from $20.00 to $24.00 and gave the company an outperform rating in a report on Thursday, October 4th. Seven equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Cloudera has a consensus rating of Buy and an average target price of $21.67.

NYSE:CLDR traded down $1.36 on Friday, reaching $12.79. 5,470,594 shares of the company’s stock traded hands, compared to its average volume of 3,146,243. The stock has a market cap of $2.22 billion, a PE ratio of -3.96 and a beta of 1.67. Cloudera has a 12 month low of $12.57 and a 12 month high of $22.42.

Cloudera (NYSE:CLDR) last posted its quarterly earnings results on Wednesday, September 5th. The company reported ($0.08) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.07. The business had revenue of $110.30 million for the quarter, compared to analysts’ expectations of $107.68 million. Cloudera had a negative return on equity of 58.05% and a negative net margin of 44.68%. The business’s quarterly revenue was up 22.8% on a year-over-year basis. During the same period last year, the firm earned ($0.17) earnings per share. As a group, research analysts forecast that Cloudera will post -1.16 EPS for the current year.

In other news, insider Michael Olson sold 27,619 shares of Cloudera stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $14.74, for a total value of $407,104.06. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders sold 165,714 shares of company stock worth $2,623,805 over the last ninety days. Insiders own 30.90% of the company’s stock.

Hedge funds have recently modified their holdings of the company. First Mercantile Trust Co. bought a new stake in shares of Cloudera in the third quarter worth about $125,000. IFP Advisors Inc increased its holdings in shares of Cloudera by 641.5% in the third quarter. IFP Advisors Inc now owns 7,230 shares of the company’s stock worth $128,000 after purchasing an additional 6,255 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Cloudera in the third quarter worth about $140,000. Great West Life Assurance Co. Can bought a new stake in Cloudera during the second quarter worth approximately $128,000. Finally, Principal Financial Group Inc. bought a new stake in Cloudera during the first quarter worth approximately $220,000. 72.49% of the stock is currently owned by hedge funds and other institutional investors.

Cloudera Company Profile

Cloudera, Inc provides platform for machine learning and analytics in the United States, Europe, and Asia. The company operates through two segments, Subscription and Services. Its platform delivers an integrated suite of capabilities for data management, machine learning, and analytics to customers for transforming their businesses.

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Analyst Recommendations for Cloudera (NYSE:CLDR)

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