California Public Employees Retirement System boosted its stake in shares of Cloudera Inc (NYSE:CLDR) by 579.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 236,600 shares of the company’s stock after buying an additional 201,800 shares during the quarter. California Public Employees Retirement System owned 0.15% of Cloudera worth $2,617,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. BlackRock Inc. grew its holdings in Cloudera by 7.2% during the 3rd quarter. BlackRock Inc. now owns 19,325,728 shares of the company’s stock valued at $341,098,000 after purchasing an additional 1,292,651 shares in the last quarter. Vanguard Group Inc. grew its holdings in Cloudera by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 9,969,420 shares of the company’s stock valued at $175,960,000 after purchasing an additional 468,635 shares in the last quarter. Vanguard Group Inc grew its holdings in Cloudera by 4.9% during the 3rd quarter. Vanguard Group Inc now owns 9,969,420 shares of the company’s stock valued at $175,960,000 after purchasing an additional 468,635 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Cloudera by 13.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,479,746 shares of the company’s stock valued at $61,418,000 after purchasing an additional 403,344 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in Cloudera by 85.5% during the 3rd quarter. Deutsche Bank AG now owns 1,640,522 shares of the company’s stock valued at $28,955,000 after purchasing an additional 756,264 shares in the last quarter. Institutional investors own 81.09% of the company’s stock.
Several brokerages have weighed in on CLDR. Zacks Investment Research raised shares of Cloudera from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Monday, February 18th. DA Davidson decreased their price objective on shares of Cloudera to $23.00 and set a “buy” rating for the company in a report on Thursday, March 14th. Morgan Stanley started coverage on shares of Cloudera in a research report on Tuesday, March 12th. They issued an “equal weight” rating and a $16.00 price target on the stock. Barclays started coverage on shares of Cloudera in a research report on Monday, March 11th. They issued an “equal weight” rating and a $16.00 price target on the stock. Finally, Deutsche Bank reduced their price target on shares of Cloudera from $15.00 to $13.00 and set a “hold” rating on the stock in a research report on Thursday, March 14th. Six analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $18.88.
Cloudera (NYSE:CLDR) last released its earnings results on Wednesday, March 13th. The company reported ($0.41) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.16). The company had revenue of $144.50 million for the quarter, compared to analyst estimates of $209.29 million. Cloudera had a negative net margin of 41.30% and a negative return on equity of 30.72%. The firm’s quarterly revenue was up 39.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.10) EPS. On average, equities research analysts anticipate that Cloudera Inc will post -0.93 earnings per share for the current year.
In other news, Director Robert G. Bearden sold 624,934 shares of Cloudera stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $11.60, for a total value of $7,249,234.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael A. Stankey acquired 10,000 shares of the stock in a transaction dated Thursday, March 21st. The stock was acquired at an average cost of $11.55 per share, for a total transaction of $115,500.00. The disclosure for this purchase can be found here. 30.90% of the stock is currently owned by company insiders.
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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