Cloudera’s (CLDR) “Buy” Rating Reaffirmed at DA Davidson

DA Davidson reaffirmed their buy rating on shares of Cloudera (NYSE:CLDR) in a report issued on Friday morning, The Fly reports. DA Davidson currently has a $13.00 price objective on the stock.

Several other equities analysts have also recently issued reports on CLDR. Nomura raised their price objective on Cloudera from $8.00 to $10.00 and gave the stock a buy rating in a research note on Thursday, September 5th. Citigroup lifted their price objective on shares of Cloudera from $7.50 to $8.00 and gave the stock a neutral rating in a report on Thursday, September 5th. Morgan Stanley boosted their target price on shares of Cloudera from $9.00 to $11.00 and gave the company an equal weight rating in a research note on Tuesday. ValuEngine cut shares of Cloudera from a strong-buy rating to a buy rating in a report on Wednesday. Finally, JPMorgan Chase & Co. raised their price target on shares of Cloudera from $9.00 to $11.00 and gave the stock a neutral rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $11.69.

Cloudera stock traded up $0.87 during midday trading on Friday, hitting $10.88. The stock had a trading volume of 20,835,265 shares, compared to its average volume of 6,376,160. The business has a fifty day moving average price of $9.11 and a 200 day moving average price of $7.65. Cloudera has a 12 month low of $4.89 and a 12 month high of $15.43. The stock has a market cap of $2.76 billion, a P/E ratio of -9.54 and a beta of 0.90. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.14.

Cloudera (NYSE:CLDR) last released its earnings results on Thursday, December 5th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.22. The company had revenue of $198.30 million for the quarter, compared to the consensus estimate of $189.08 million. Cloudera had a negative return on equity of 21.07% and a negative net margin of 46.72%. Cloudera’s quarterly revenue was up 67.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.03) EPS. On average, equities analysts anticipate that Cloudera will post -1.05 EPS for the current fiscal year.

In related news, CAO Scott Reasoner sold 6,231 shares of Cloudera stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $8.96, for a total value of $55,829.76. Also, major shareholder Carl C. Icahn acquired 439,914 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was purchased at an average price of $5.00 per share, for a total transaction of $2,199,570.00. Over the last 90 days, insiders have sold 14,862 shares of company stock valued at $132,168. 17.90% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. First Trust Advisors LP increased its stake in shares of Cloudera by 11,796.8% in the second quarter. First Trust Advisors LP now owns 3,983,636 shares of the company’s stock valued at $20,954,000 after purchasing an additional 3,950,151 shares during the period. IHT Wealth Management LLC bought a new stake in shares of Cloudera during the second quarter valued at approximately $192,000. Cloverdale Capital Management LLC acquired a new position in shares of Cloudera during the second quarter worth approximately $7,315,000. Strs Ohio acquired a new position in shares of Cloudera during the third quarter worth approximately $39,000. Finally, Horrell Capital Management Inc. acquired a new position in shares of Cloudera during the second quarter worth approximately $1,578,000. Hedge funds and other institutional investors own 78.44% 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.

Read More: What is the S&P/ASX 200 Index?

The Fly

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.