Barclays Reiterates “Hold” Rating for Cloudera (NYSE:CLDR)

Barclays reiterated their hold rating on shares of Cloudera (NYSE:CLDR) in a research note issued to investors on Sunday morning, reports. They currently have a $11.00 price target on the stock.

Other equities analysts have also recently issued research reports about the company. JMP Securities raised their target price on Cloudera from $12.00 to $15.00 and gave the stock an outperform rating in a report on Friday, December 6th. Zacks Investment Research lowered Cloudera from a hold rating to a sell rating in a research report on Monday, November 18th. Wedbush upped their price target on Cloudera from $8.50 to $11.00 and gave the company a neutral rating in a research note on Friday, December 6th. Deutsche Bank increased their price target on shares of Cloudera from $8.00 to $11.00 and gave the company a hold rating in a research report on Friday, December 6th. Finally, ValuEngine downgraded shares of Cloudera from a strong-buy rating to a buy rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company’s stock. Cloudera currently has a consensus rating of Hold and an average target price of $11.92.

CLDR stock opened at $10.87 on Friday. Cloudera has a twelve month low of $4.89 and a twelve month high of $15.43. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.14. The company has a market cap of $3.09 billion, a P/E ratio of -9.54 and a beta of 0.90. The business’s fifty day moving average is $9.33 and its 200-day moving average is $7.66.

Cloudera (NYSE:CLDR) last announced its quarterly earnings data on Thursday, December 5th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.22. The business had revenue of $198.30 million during the quarter, compared to analysts’ expectations of $189.08 million. Cloudera had a negative return on equity of 19.19% and a negative net margin of 49.22%. The firm’s quarterly revenue was up 67.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.03) earnings per share. Research analysts anticipate that Cloudera will post -1.05 earnings per share for the current fiscal year.

In other 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 sale, 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 legal filing with the SEC, which is available at the SEC website. Insiders sold 14,862 shares of company stock valued at $132,168 over the last 90 days. Corporate insiders own 17.90% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. CSat Investment Advisory L.P. acquired a new position in shares of Cloudera during the second quarter worth about $30,000. Truvestments Capital LLC raised its position in Cloudera by 170.1% in the 3rd quarter. Truvestments Capital LLC now owns 3,517 shares of the company’s stock valued at $31,000 after buying an additional 2,215 shares during the last quarter. Lindbrook Capital LLC acquired a new stake in Cloudera in the 3rd quarter valued at approximately $35,000. Strs Ohio bought a new stake in Cloudera in the 3rd quarter valued at approximately $39,000. Finally, AdvisorNet Financial Inc bought a new stake in Cloudera in the 3rd quarter valued at approximately $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.

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Analyst Recommendations for Cloudera (NYSE:CLDR)

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