Cloudera (CLDR) Shares Gap Up to $13.71

Shares of Cloudera Inc (NYSE:CLDR) gapped up prior to trading on Friday . The stock had previously closed at $13.66, but opened at $13.71. Cloudera shares last traded at $13.19, with a volume of 3675315 shares changing hands.

Several brokerages have issued reports on CLDR. Stifel Nicolaus lowered their price objective on shares of Cloudera from $24.00 to $19.00 and set a “buy” rating for the company in a research report on Wednesday. Mizuho lowered their price objective on shares of Cloudera from $24.00 to $23.00 and set a “buy” rating for the company in a research report on Wednesday. Deutsche Bank downgraded shares of Cloudera from a “buy” rating to a “hold” rating and set a $25.00 price objective for the company. in a research report on Wednesday. Morgan Stanley decreased their price target on shares of Cloudera from $23.00 to $21.00 and set a “hold” rating for the company in a research report on Wednesday. Finally, JPMorgan Chase downgraded shares of Cloudera from an “overweight” rating to a “neutral” rating and set a $24.00 price target for the company. in a research report on Wednesday. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $21.20.

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The stock has a market capitalization of $1,876.99 and a price-to-earnings ratio of -4.03.

Cloudera (NYSE:CLDR) last released its quarterly earnings results on Tuesday, April 3rd. The company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.12. Cloudera had a negative net margin of 104.99% and a negative return on equity of 333.14%. The business had revenue of $103.50 million during the quarter, compared to the consensus estimate of $98.63 million. The company’s revenue was up 42.2% compared to the same quarter last year. sell-side analysts anticipate that Cloudera Inc will post -1.46 EPS for the current year.

In other news, VP Wayne Kimber sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $17.92, for a total transaction of $1,792,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional investors have recently added to or reduced their stakes in the business. SeaCrest Wealth Management LLC acquired a new position in Cloudera in the fourth quarter worth $124,000. Amalgamated Bank bought a new stake in Cloudera in the fourth quarter valued at $220,000. Bluestein R H & Co. bought a new stake in Cloudera in the fourth quarter valued at $248,000. Keybank National Association OH bought a new stake in Cloudera in the fourth quarter valued at $350,000. Finally, Crestline Management LP bought a new stake in Cloudera in the fourth quarter valued at $363,000. 74.74% of the stock is owned by hedge funds and other institutional investors.

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About Cloudera

Cloudera, Inc is a developer of platform for data management, machine learning and advanced analytics. The Company allows enterprises to operate, manage and move workloads across multiple architectures, mixing on premises and cloud environments, including all major public cloud infrastructure providers.

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