Cloudera (NYSE:CLDR) Given New $10.00 Price Target at Citigroup

Cloudera (NYSE:CLDR) had its target price hoisted by Citigroup from $8.00 to $10.00 in a research report sent to investors on Monday, BenzingaRatingsTable reports. The brokerage currently has a neutral rating on the stock.

CLDR has been the topic of several other research reports. Deutsche Bank increased their target price on Cloudera from $8.00 to $11.00 and gave the company a hold rating in a report on Friday, December 6th. Bank of America increased their target price on Cloudera from $7.00 to $8.00 and gave the company an underperform rating in a report on Friday, December 6th. JMP Securities raised their price objective on Cloudera from $12.00 to $15.00 and gave the stock an outperform rating in a report on Friday, December 6th. Wells Fargo & Co reaffirmed a hold rating on shares of Cloudera in a report on Friday, December 6th. Finally, Morgan Stanley reaffirmed a hold rating and set a $12.00 price objective on shares of Cloudera in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the stock. Cloudera has a consensus rating of Hold and a consensus target price of $11.92.

NYSE:CLDR opened at $10.87 on Monday. The firm has a market capitalization of $3.16 billion, a PE ratio of -9.54 and a beta of 0.90. The business’s fifty day moving average price is $9.33 and its 200 day moving average price is $7.66. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.30 and a quick ratio of 1.37. Cloudera has a 12 month low of $4.89 and a 12 month high of $15.43.

Cloudera (NYSE:CLDR) last posted its earnings results on Thursday, December 5th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.22. The firm had revenue of $198.30 million for the quarter, compared to analyst estimates of $189.08 million. Cloudera had a negative return on equity of 19.40% and a negative net margin of 49.22%. Cloudera’s revenue for the quarter was up 67.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.03) earnings per share. As a group, equities analysts anticipate that Cloudera will post -0.98 EPS for the current year.

In related news, CAO Scott Reasoner sold 6,397 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $8.78, for a total transaction of $56,165.66. Following the transaction, the chief accounting officer now owns 102,675 shares of the company’s stock, valued at $901,486.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last three months, insiders have sold 14,862 shares of company stock worth $132,168. Corporate insiders own 17.90% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CLDR. CSat Investment Advisory L.P. purchased a new position in shares of Cloudera during the second quarter worth about $30,000. Truvestments Capital LLC grew its holdings in shares of Cloudera by 170.1% during the third quarter. Truvestments Capital LLC now owns 3,517 shares of the company’s stock worth $31,000 after buying an additional 2,215 shares during the last quarter. Lindbrook Capital LLC purchased a new position in shares of Cloudera during the third quarter worth about $35,000. Strs Ohio purchased a new position in shares of Cloudera during the third quarter worth about $39,000. Finally, AdvisorNet Financial Inc purchased a new position in shares of Cloudera during the third quarter worth about $40,000. 78.41% of the stock is currently owned by hedge funds and other institutional investors.

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: Why Dividend Stocks May Be Right for You

Analyst Recommendations 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.