Michael Olson Sells 27,619 Shares of Cloudera Inc (CLDR) Stock

Cloudera Inc (NYSE:CLDR) insider Michael Olson sold 27,619 shares of the business’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $14.64, for a total transaction of $404,342.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Michael Olson also recently made the following trade(s):

  • On Wednesday, October 24th, Michael Olson sold 27,619 shares of Cloudera stock. The shares were sold at an average price of $13.59, for a total transaction of $375,342.21.
  • On Wednesday, October 10th, Michael Olson sold 27,619 shares of Cloudera stock. The shares were sold at an average price of $15.86, for a total transaction of $438,037.34.
  • On Wednesday, September 26th, Michael Olson sold 27,619 shares of Cloudera stock. The shares were sold at an average price of $17.95, for a total transaction of $495,761.05.
  • On Wednesday, September 12th, Michael Olson sold 27,619 shares of Cloudera stock. The shares were sold at an average price of $18.22, for a total transaction of $503,218.18.
  • On Wednesday, August 29th, Michael Olson sold 27,619 shares of Cloudera stock. The shares were sold at an average price of $14.74, for a total transaction of $407,104.06.

Shares of NYSE:CLDR opened at $12.79 on Friday. Cloudera Inc has a 52-week low of $12.57 and a 52-week high of $22.42.

Cloudera (NYSE:CLDR) last announced its earnings results on Wednesday, September 5th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.07. Cloudera had a negative net margin of 44.68% and a negative return on equity of 58.05%. The company had revenue of $110.30 million during the quarter, compared to analyst estimates of $107.68 million. During the same period in the previous year, the business earned ($0.17) earnings per share. The firm’s quarterly revenue was up 22.8% compared to the same quarter last year. Analysts forecast that Cloudera Inc will post -1.16 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in CLDR. First Mercantile Trust Co. purchased a new stake in Cloudera during the third quarter valued at about $125,000. Great West Life Assurance Co. Can purchased a new stake in Cloudera during the second quarter valued at about $128,000. IFP Advisors Inc boosted its position in Cloudera by 641.5% during the third quarter. IFP Advisors Inc now owns 7,230 shares of the company’s stock valued at $128,000 after buying an additional 6,255 shares during the period. FNY Investment Advisers LLC purchased a new stake in Cloudera during the third quarter valued at about $140,000. Finally, Bessemer Group Inc. boosted its position in Cloudera by 290.4% during the second quarter. Bessemer Group Inc. now owns 10,483 shares of the company’s stock valued at $143,000 after buying an additional 7,798 shares during the period. Institutional investors own 72.49% of the company’s stock.

A number of research analysts have recently commented on the stock. Wedbush assumed coverage on shares of Cloudera in a research report on Thursday, October 18th. They set a “neutral” rating and a $17.00 price target for the company. Rosenblatt Securities upgraded shares of Cloudera from a “neutral” rating to a “buy” rating in a research report on Friday. ValuEngine upgraded shares of Cloudera from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. UBS Group upgraded shares of Cloudera from a “neutral” rating to a “buy” rating in a research report on Friday. Finally, BTIG Research initiated coverage on shares of Cloudera in a research report on Wednesday, September 12th. They set a “buy” rating for the company. Seven analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $21.67.

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Cloudera Company Profile

Cloudera, Inc provides platform for machine learning and analytics in the United States, Europe, and Asia. The company operates through two segments, Subscription and Services. Its platform delivers an integrated suite of capabilities for data management, machine learning, and analytics to customers for transforming their businesses.

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Insider Buying and Selling by Quarter for Cloudera (NYSE:CLDR)

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