Cloudera (NYSE:CLDR)‘s stock had its “hold” rating reaffirmed by stock analysts at Needham & Company LLC in a research note issued to investors on Wednesday, AnalystRatings.com reports.
CLDR has been the subject of a number of other reports. 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. Bank of America downgraded shares of Cloudera from a “neutral” rating to an “underperform” rating in a research note on Thursday, June 6th. ValuEngine raised shares of Cloudera from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. JMP Securities raised shares of Cloudera from a “market perform” rating to an “outperform” rating and set a $12.00 target price for the company in a research note on Thursday, September 5th. Finally, Nomura boosted their target price on shares of Cloudera from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $12.24.
Shares of NYSE CLDR traded down $0.04 during trading on Wednesday, reaching $8.97. The company had a trading volume of 1,464,067 shares, compared to its average volume of 11,682,338. Cloudera has a 52 week low of $4.89 and a 52 week high of $20.18. The stock has a market cap of $2.52 billion, a PE ratio of -7.86 and a beta of 0.76. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.37 and a current ratio of 1.37. The business’s 50 day moving average price is $7.60 and its 200-day moving average price is $8.51.
In related news, insider Scott Reasoner sold 10,260 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $6.99, for a total transaction of $71,717.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Carl C. Icahn purchased 439,914 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were acquired at an average cost of $5.00 per share, with a total value of $2,199,570.00. Over the last three months, insiders have sold 45,165 shares of company stock valued at $272,716. 17.90% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. River & Mercantile Asset Management LLP acquired a new position in Cloudera during the second quarter valued at approximately $328,000. Mackenzie Financial Corp grew its holdings in Cloudera by 11.6% during the second quarter. Mackenzie Financial Corp now owns 263,400 shares of the company’s stock valued at $1,385,000 after purchasing an additional 27,300 shares during the period. Nomura Holdings Inc. grew its holdings in Cloudera by 975.0% during the second quarter. Nomura Holdings Inc. now owns 107,500 shares of the company’s stock valued at $571,000 after purchasing an additional 97,500 shares during the period. Indaba Capital Management L.P. grew its holdings in Cloudera by 4.8% during the second quarter. Indaba Capital Management L.P. now owns 3,022,322 shares of the company’s stock valued at $15,897,000 after purchasing an additional 137,622 shares during the period. Finally, United Services Automobile Association grew its holdings in Cloudera by 116.8% during the second quarter. United Services Automobile Association now owns 765,525 shares of the company’s stock valued at $4,027,000 after purchasing an additional 412,500 shares during the period. 67.54% of the stock is owned by institutional investors and hedge funds.
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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