Cloudera (CLDR) Reaches New 12-Month Low at $9.96

Cloudera Inc (NYSE:CLDR)’s share price reached a new 52-week low on Monday . The stock traded as low as $9.96 and last traded at $10.07, with a volume of 3460329 shares changing hands. The stock had previously closed at $10.55.

CLDR has been the subject of several research reports. ValuEngine lowered shares of Cloudera from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Needham & Company LLC reduced their price target on shares of Cloudera from $31.00 to $28.00 and set a “strong-buy” rating for the company in a research report on Thursday, March 14th. They noted that the move was a valuation call. Wedbush reduced their price target on shares of Cloudera from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Thursday, March 14th. Zacks Investment Research upgraded shares of Cloudera from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Monday, February 11th. Finally, Sanford C. Bernstein upgraded shares of Cloudera from a “market perform” rating to an “outperform” rating and set a $15.00 price target for the company in a research report on Monday, April 8th. Six equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $18.81.

The firm has a market cap of $2.70 billion, a P/E ratio of -8.77 and a beta of 1.58.

Cloudera (NYSE:CLDR) last released its quarterly earnings data 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 business had revenue of $144.50 million for the quarter, compared to analysts’ expectations of $209.29 million. Cloudera had a negative net margin of 41.30% and a negative return on equity of 30.72%. Cloudera’s revenue for the quarter was up 39.6% compared to the same quarter last year. During the same period last year, the company earned ($0.10) earnings per share. Equities analysts expect that Cloudera Inc will post -0.93 EPS for the current fiscal year.

In other news, Director Michael A. Stankey purchased 10,000 shares of the stock in a transaction dated Thursday, March 21st. The shares were purchased at an average cost of $11.55 per share, with a total value of $115,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert G. Bearden sold 624,934 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $11.60, for a total transaction of $7,249,234.40. The disclosure for this sale can be found here. 30.90% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. Optimum Investment Advisors lifted its holdings in shares of Cloudera by 1,000.0% in the first quarter. Optimum Investment Advisors now owns 3,300 shares of the company’s stock worth $36,000 after buying an additional 3,000 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Cloudera by 112.7% in the fourth quarter. Bank of Montreal Can now owns 3,672 shares of the company’s stock worth $41,000 after buying an additional 1,946 shares in the last quarter. Penserra Capital Management LLC lifted its holdings in shares of Cloudera by 52.3% in the fourth quarter. Penserra Capital Management LLC now owns 3,696 shares of the company’s stock worth $40,000 after buying an additional 1,270 shares in the last quarter. JOYN Advisors Inc. purchased a new stake in shares of Cloudera in the fourth quarter worth about $43,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Cloudera in the first quarter worth about $81,000. 81.09% of the stock is currently owned by hedge funds and other institutional investors.

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Cloudera Company Profile (NYSE:CLDR)

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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