Spark Investment Management LLC purchased a new position in shares of Cloudera (NASDAQ:CLDR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 64,700 shares of the company’s stock, valued at approximately $1,036,000.
Separately, Peregrine Capital Management LLC bought a new position in shares of Cloudera during the second quarter worth approximately $12,932,000.
Cloudera (NASDAQ CLDR) opened at 17.29 on Thursday. Cloudera has a 12 month low of $15.40 and a 12 month high of $23.35. The firm’s 50 day moving average is $17.14 and its 200-day moving average is $18.68. The firm’s market cap is $2.27 billion.
Cloudera (NASDAQ:CLDR) last issued its quarterly earnings data on Thursday, June 8th. The company reported ($0.27) EPS for the quarter, beating the consensus estimate of ($0.36) by $0.09. The firm had revenue of $79.60 million for the quarter, compared to analysts’ expectations of $75.85 million. On average, equities analysts forecast that Cloudera will post ($1.05) EPS for the current year.
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CLDR has been the topic of a number of research reports. Morgan Stanley reiterated an “equal weight” rating and issued a $18.00 price target (down previously from $20.00) on shares of Cloudera in a research note on Thursday, July 20th. Citigroup Inc. began coverage on shares of Cloudera in a research report on Tuesday, May 23rd. They set a “neutral” rating and a $23.00 target price on the stock. Bank of America Corporation began coverage on shares of Cloudera in a research report on Wednesday, May 24th. They set a “neutral” rating and a $23.00 target price on the stock. Stifel Nicolaus began coverage on shares of Cloudera in a research report on Tuesday, May 23rd. They set a “buy” rating and a $24.00 target price on the stock. Finally, J P Morgan Chase & Co began coverage on shares of Cloudera in a research report on Tuesday, May 23rd. They set an “overweight” rating and a $24.00 target price on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $22.86.
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