Cloudera (CLDR) Shares Gap Down to $10.67

Shares of Cloudera Inc (NYSE:CLDR) gapped down prior to trading on Monday . The stock had previously closed at $10.89, but opened at $10.67. Cloudera shares last traded at $10.32, with a volume of 3354653 shares changing hands.

CLDR has been the subject of a number of research reports. Wells Fargo & Co started coverage on shares of Cloudera in a report on Tuesday, January 22nd. They issued an “outperform” rating and a $20.00 price target for the company. ValuEngine cut shares of Cloudera from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. Barclays started coverage on shares of Cloudera in a research note on Monday, March 11th. They issued an “equal weight” rating and a $16.00 price objective for the company. Morgan Stanley started coverage on shares of Cloudera in a research note on Tuesday, March 12th. They issued an “equal weight” rating and a $16.00 price objective for the company. Finally, Zacks Investment Research upgraded shares of Cloudera from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Monday, February 11th. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $18.81.

The company has a market cap of $2.92 billion, a PE ratio of -9.43 and a beta of 1.58.

Cloudera (NYSE:CLDR) last announced its earnings results on Wednesday, March 13th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.16). The firm had revenue of $144.50 million for the quarter, compared to analyst estimates of $209.29 million. Cloudera had a negative return on equity of 30.72% and a negative net margin of 41.30%. The company’s revenue for the quarter was up 39.6% compared to the same quarter last year. During the same quarter last year, the business earned ($0.10) EPS. Equities analysts predict that Cloudera Inc will post -0.93 earnings per share for the current year.

In related news, Director Robert G. Bearden sold 624,934 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $11.60, for a total transaction of $7,249,234.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael A. Stankey bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were purchased at an average price of $11.55 per share, with a total value of $115,500.00. The disclosure for this purchase can be found here. Company insiders own 30.90% of the company’s stock.

Several institutional investors have recently made changes to their positions in CLDR. Optimum Investment Advisors increased its position in shares of Cloudera by 1,000.0% during the 1st quarter. Optimum Investment Advisors now owns 3,300 shares of the company’s stock worth $36,000 after purchasing an additional 3,000 shares in the last quarter. Penserra Capital Management LLC grew its holdings in Cloudera by 52.3% during the 4th quarter. Penserra Capital Management LLC now owns 3,696 shares of the company’s stock worth $40,000 after acquiring an additional 1,270 shares during the last quarter. Bank of Montreal Can grew its holdings in Cloudera by 112.7% during the 4th quarter. Bank of Montreal Can now owns 3,672 shares of the company’s stock worth $41,000 after acquiring an additional 1,946 shares during the last quarter. JOYN Advisors Inc. bought a new stake in Cloudera during the 4th quarter worth about $43,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in Cloudera during the 1st quarter worth about $81,000. Institutional investors and hedge funds own 81.09% of the company’s stock.

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About Cloudera (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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