Cloudera Inc (NYSE:CLDR) has received an average rating of “Hold” from the twenty-one analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $10.59.
A number of equities research analysts recently issued reports on CLDR shares. Raymond James reaffirmed a “buy” rating on shares of Intercept Pharmaceuticals in a research note on Thursday, June 6th. Needham & Company LLC set a $47.00 target price on G-III Apparel Group and gave the company a “buy” rating in a research note on Thursday, June 6th. Northland Securities reaffirmed a “hold” rating and issued a $125.00 target price on shares of DexCom in a research note on Thursday, June 6th. Wedbush reaffirmed an “outperform” rating and issued a $79.00 target price on shares of Aimmune Therapeutics in a research note on Thursday, June 6th. Finally, Wells Fargo & Co upped their target price on Iovance Biotherapeutics from $23.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd.
Shares of NYSE:CLDR traded up $0.11 during trading on Tuesday, hitting $5.66. 7,368,268 shares of the stock were exchanged, compared to its average volume of 7,525,903. The company has a fifty day simple moving average of $5.77. The company has a market capitalization of $1.55 billion, a P/E ratio of -4.96 and a beta of 0.91. 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 has a 12-month low of $4.89 and a 12-month high of $20.18.
In related news, insider Scott Reasoner sold 24,983 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $5.25, for a total value of $131,160.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kimberly Hammonds sold 7,686 shares of the stock in a transaction 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. Corporate insiders own 17.90% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. First Trust Advisors LP purchased a new position in shares of Cloudera during the 4th quarter worth $938,000. LPL Financial LLC increased its position in shares of Cloudera by 21.2% during the 4th quarter. LPL Financial LLC now owns 12,185 shares of the company’s stock worth $135,000 after purchasing an additional 2,135 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Cloudera by 579.9% during the 4th quarter. California Public Employees Retirement System now owns 236,600 shares of the company’s stock worth $2,617,000 after purchasing an additional 201,800 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Cloudera by 15.4% during the 4th quarter. Bank of New York Mellon Corp now owns 559,010 shares of the company’s stock worth $6,183,000 after purchasing an additional 74,771 shares during the last quarter. Finally, Raymond James & Associates increased its position in shares of Cloudera by 134.5% during the 4th quarter. Raymond James & Associates now owns 178,021 shares of the company’s stock worth $1,969,000 after purchasing an additional 102,098 shares during the last quarter. Institutional investors own 74.58% of the company’s stock.
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.
Further Reading: Percentage Decliners
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