Zurcher Kantonalbank Zurich Cantonalbank Cuts Stock Holdings in Cloudera Inc (NYSE:CLDR)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in shares of Cloudera Inc (NYSE:CLDR) by 25.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,719 shares of the company’s stock after selling 5,350 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Cloudera were worth $83,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of CLDR. BlackRock Inc. boosted its holdings in shares of Cloudera by 36.0% in the 1st quarter. BlackRock Inc. now owns 25,545,663 shares of the company’s stock worth $279,470,000 after buying an additional 6,759,290 shares during the last quarter. OppenheimerFunds Inc. grew its holdings in shares of Cloudera by 174.0% during the first quarter. OppenheimerFunds Inc. now owns 8,220,000 shares of the company’s stock worth $89,927,000 after purchasing an additional 5,220,000 shares in the last quarter. FMR LLC grew its holdings in shares of Cloudera by 1,507.0% during the first quarter. FMR LLC now owns 5,208,982 shares of the company’s stock worth $56,987,000 after purchasing an additional 4,884,836 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in shares of Cloudera by 91.5% during the first quarter. Neuberger Berman Group LLC now owns 3,292,864 shares of the company’s stock worth $36,015,000 after purchasing an additional 1,573,072 shares in the last quarter. Finally, ARK Investment Management LLC purchased a new position in shares of Cloudera during the first quarter worth about $16,550,000. 70.61% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently commented on CLDR. Citigroup lowered Cloudera from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $16.00 to $7.50 in a report on Thursday, June 6th. BTIG Research cut their price objective on Cloudera to $10.00 and set a “buy” rating for the company in a report on Thursday, June 6th. They noted that the move was a valuation call. Needham & Company LLC lowered Cloudera from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 6th. Northland Securities reaffirmed a “buy” rating and issued a $12.00 target price on shares of Cloudera in a research note on Thursday, June 6th. Finally, JPMorgan Chase & Co. cut their target price on Cloudera from $16.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, June 6th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $12.44.

In other news, insider Scott Reasoner sold 24,983 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $5.25, for a total transaction of $131,160.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kimberly Hammonds sold 7,686 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $5.73, for a total value of $44,040.78. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,929 shares of company stock valued at $246,919. Insiders own 17.90% of the company’s stock.

CLDR traded up $0.01 during midday trading on Thursday, hitting $6.84. The stock had a trading volume of 111,184 shares, compared to its average volume of 10,611,464. The company has a market cap of $1.87 billion, a P/E ratio of -5.89 and a beta of 0.92. The business has a fifty day moving average of $6.01 and a 200 day moving average of $9.49. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.36 and a current ratio of 1.36. Cloudera Inc has a 1 year low of $4.89 and a 1 year high of $20.18.

Cloudera (NYSE:CLDR) last issued its earnings results on Wednesday, June 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.37) by $0.24. The business had revenue of $187.50 million during the quarter, compared to analyst estimates of $188.44 million. Cloudera had a negative return on equity of 24.15% and a negative net margin of 44.35%. Cloudera’s revenue for the quarter was up 81.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.17) earnings per share. On average, equities research analysts anticipate that Cloudera Inc will post -0.98 earnings per share for the current year.

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.

Featured Story: What is an overbought condition?

Want to see what other hedge funds are holding CLDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cloudera Inc (NYSE:CLDR).

Institutional Ownership by Quarter for Cloudera (NYSE:CLDR)

Receive News & Ratings for Cloudera Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cloudera and related companies with MarketBeat.com's FREE daily email newsletter.