Cloudera (CLDR) Price Target Lowered to $19.00 at Stifel Nicolaus

Cloudera (NYSE:CLDR) had its target price cut by Stifel Nicolaus from $24.00 to $19.00 in a research report sent to investors on Wednesday morning, Marketbeat Ratings reports. They currently have a buy rating on the stock.

Other research analysts have also recently issued reports about the company. Mizuho raised Cloudera from a neutral rating to a buy rating and set a $21.00 price objective for the company in a research report on Tuesday, January 9th. Zacks Investment Research raised Cloudera from a hold rating to a buy rating and set a $20.00 price objective for the company in a research report on Monday, January 15th. ValuEngine raised Cloudera from a sell rating to a hold rating in a research report on Wednesday, February 7th. JPMorgan Chase cut Cloudera from an overweight rating to a neutral rating and set a $24.00 price objective for the company. in a research report on Wednesday. Finally, Needham & Company LLC assumed coverage on Cloudera in a research report on Friday, January 12th. They set a buy rating and a $22.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $21.20.

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NYSE:CLDR opened at $12.98 on Wednesday. Cloudera has a 1 year low of $12.90 and a 1 year high of $23.35.

Cloudera (NYSE:CLDR) last posted its earnings results on Tuesday, April 3rd. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.12. The firm had revenue of $103.50 million during the quarter, compared to analysts’ expectations of $98.63 million. Cloudera had a negative return on equity of 154.35% and a negative net margin of 104.99%. The firm’s revenue was up 42.2% on a year-over-year basis. equities analysts predict that Cloudera will post -0.01 EPS for the current fiscal year.

In related news, VP Wayne Kimber sold 100,000 shares of the company’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $17.92, for a total transaction of $1,792,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. raised its holdings in Cloudera by 27.4% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 26,750 shares of the company’s stock worth $442,000 after acquiring an additional 5,750 shares in the last quarter. Sterling Capital Management LLC bought a new stake in Cloudera during the fourth quarter worth about $1,052,000. MetLife Investment Advisors LLC bought a new stake in Cloudera during the fourth quarter worth about $737,000. Park West Asset Management LLC bought a new stake in Cloudera during the fourth quarter worth about $4,956,000. Finally, Metropolitan Life Insurance Co. NY raised its holdings in Cloudera by 138.2% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 30,666 shares of the company’s stock worth $507,000 after acquiring an additional 17,794 shares in the last quarter. Institutional investors and hedge funds own 74.74% of the company’s stock.

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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.

Analyst Recommendations for Cloudera (NYSE:CLDR)

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