CAPROCK Group Inc. Invests $143,000 in Cloudera Inc (CLDR)

CAPROCK Group Inc. bought a new stake in Cloudera Inc (NYSE:CLDR) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,088 shares of the company’s stock, valued at approximately $143,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in CLDR. Peregrine Capital Management LLC grew its holdings in shares of Cloudera by 119.2% in the first quarter. Peregrine Capital Management LLC now owns 1,593,586 shares of the company’s stock worth $17,434,000 after purchasing an additional 866,742 shares during the last quarter. Edge Wealth Management LLC grew its holdings in shares of Cloudera by 123.2% in the first quarter. Edge Wealth Management LLC now owns 127,992 shares of the company’s stock worth $1,404,000 after purchasing an additional 70,649 shares during the last quarter. Malaga Cove Capital LLC grew its holdings in shares of Cloudera by 43.7% in the first quarter. Malaga Cove Capital LLC now owns 65,068 shares of the company’s stock worth $712,000 after purchasing an additional 19,779 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Cloudera by 55.5% in the fourth quarter. Deutsche Bank AG now owns 2,550,913 shares of the company’s stock worth $28,212,000 after purchasing an additional 910,391 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Cloudera by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 1,202,086 shares of the company’s stock worth $13,294,000 after purchasing an additional 21,891 shares during the last quarter. 81.09% of the stock is currently owned by institutional investors and hedge funds.

In other Cloudera news, Director Michael A. Stankey bought 10,000 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were bought at an average cost of $11.55 per share, for a total transaction of $115,500.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert G. Bearden sold 624,934 shares of the firm’s 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 disclosure for this sale can be found here. 30.90% of the stock is owned by corporate insiders.



A number of research firms have recently commented on CLDR. Deutsche Bank cut their price target on shares of Cloudera from $15.00 to $13.00 and set a “hold” rating on the stock in a report on Thursday, March 14th. DA Davidson cut their price target on shares of Cloudera to $23.00 and set a “buy” rating on the stock in a report on Thursday, March 14th. Needham & Company LLC cut their price target on shares of Cloudera from $31.00 to $28.00 and set a “strong-buy” rating on the stock in a report on Thursday, March 14th. They noted that the move was a valuation call. Morgan Stanley began coverage on shares of Cloudera in a report on Tuesday, March 12th. They issued an “equal weight” rating and a $16.00 price target on the stock. Finally, Zacks Investment Research cut shares of Cloudera from a “buy” rating to a “hold” rating in a report on Tuesday, February 26th. Six analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Cloudera has a consensus rating of “Buy” and an average target price of $18.88.

Shares of Cloudera stock opened at $11.45 on Tuesday. Cloudera Inc has a 1 year low of $10.07 and a 1 year high of $20.18. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of -10.04 and a beta of 1.61.

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

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About Cloudera

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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Institutional Ownership by Quarter for Cloudera (NYSE:CLDR)

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