Cloudera Inc (CLDR) Receives $22.46 Average Price Target from Analysts

Shares of Cloudera Inc (NYSE:CLDR) have earned an average recommendation of “Buy” from the twenty analysts that are currently covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $22.23.

A number of research analysts recently commented on CLDR shares. Morgan Stanley upped their price target on shares of Cloudera from $17.00 to $18.00 and gave the company a “hold” rating in a research note on Thursday, September 6th. Needham & Company LLC upped their price target on shares of Cloudera from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Thursday, September 6th. Stifel Nicolaus upped their price target on shares of Cloudera from $19.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, September 6th. Citigroup upped their price target on shares of Cloudera from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Monday, September 10th. Finally, BTIG Research started coverage on shares of Cloudera in a research note on Wednesday, September 12th. They issued a “buy” rating on the stock.

In other Cloudera news, insider Michael Olson sold 27,619 shares of the business’s stock in a transaction dated Wednesday, September 26th. The shares were sold at an average price of $17.95, for a total value of $495,761.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 193,333 shares of company stock valued at $2,886,738 in the last three months. Insiders own 30.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Marshall Wace North America L.P. bought a new stake in shares of Cloudera during the 3rd quarter worth approximately $407,000. Marshall Wace LLP bought a new stake in shares of Cloudera during the 3rd quarter worth approximately $8,309,000. Vanguard Group Inc. lifted its holdings in shares of Cloudera by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 9,969,420 shares of the company’s stock worth $175,960,000 after acquiring an additional 468,635 shares during the period. Morgan Stanley lifted its holdings in shares of Cloudera by 168.8% during the 3rd quarter. Morgan Stanley now owns 1,192,052 shares of the company’s stock worth $21,039,000 after acquiring an additional 748,571 shares during the period. Finally, Waldron Private Wealth LLC bought a new stake in shares of Cloudera during the 3rd quarter worth approximately $181,000. 75.70% of the stock is owned by hedge funds and other institutional investors.

CLDR traded down $0.76 on Monday, reaching $12.25. The company had a trading volume of 4,766,162 shares, compared to its average volume of 3,081,500. Cloudera has a fifty-two week low of $10.50 and a fifty-two week high of $22.42. The firm has a market cap of $1.97 billion, a P/E ratio of -3.79 and a beta of 1.58.

Cloudera (NYSE:CLDR) last announced its quarterly earnings results on Wednesday, December 5th. The company reported ($0.03) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.08. Cloudera had a negative net margin of 35.63% and a negative return on equity of 49.93%. The business had revenue of $118.18 million for the quarter, compared to analyst estimates of $113.60 million. Analysts anticipate that Cloudera will post -1.16 earnings per share for the current year.

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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Analyst Recommendations for Cloudera (NYSE:CLDR)

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