Stock Traders Purchase High Volume of Cloudera Put Options (CLDR)

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Cloudera Inc (NYSE:CLDR) was the recipient of unusually large options trading activity on Thursday. Investors bought 13,318 put options on the stock. This represents an increase of approximately 1,471% compared to the average volume of 848 put options.

NYSE:CLDR opened at $11.71 on Friday. Cloudera has a 12 month low of $10.07 and a 12 month high of $22.42. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of -3.63 and a beta of 1.69.

Cloudera (NYSE:CLDR) last announced its earnings results on Wednesday, March 13th. The company reported ($0.41) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($0.16). Cloudera had a negative return on equity of 50.68% and a negative net margin of 35.63%. The company had revenue of $144.50 million during the quarter, compared to the consensus estimate of $209.29 million. During the same period in the prior year, the firm posted ($0.10) earnings per share. The company’s revenue was up 39.6% on a year-over-year basis. Equities research analysts predict that Cloudera will post -0.98 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its stake in shares of Cloudera by 7.2% in the third quarter. BlackRock Inc. now owns 19,325,728 shares of the company’s stock worth $341,098,000 after acquiring an additional 1,292,651 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Cloudera by 4.9% during the third quarter. Vanguard Group Inc. now owns 9,969,420 shares of the company’s stock worth $175,960,000 after buying an additional 468,635 shares during the last quarter. Vanguard Group Inc raised its stake in shares of Cloudera by 4.9% during the third quarter. Vanguard Group Inc now owns 9,969,420 shares of the company’s stock worth $175,960,000 after buying an additional 468,635 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Cloudera by 13.1% during the third quarter. JPMorgan Chase & Co. now owns 3,479,746 shares of the company’s stock worth $61,418,000 after buying an additional 403,344 shares during the last quarter. Finally, Carmignac Gestion raised its stake in shares of Cloudera by 18.0% during the fourth quarter. Carmignac Gestion now owns 2,854,768 shares of the company’s stock worth $31,574,000 after buying an additional 436,089 shares during the last quarter. 83.05% of the stock is owned by institutional investors.

CLDR has been the topic of several research reports. ValuEngine downgraded shares of Cloudera from a “buy” rating to a “hold” rating in a report on Wednesday, November 21st. Nomura set a $20.00 target price on shares of Cloudera and gave the company a “buy” rating in a research report on Thursday, December 6th. Bank of America restated a “neutral” rating and issued a $18.00 price target (down from $22.00) on shares of Cloudera in a research report on Thursday, December 6th. Citigroup reduced their price target on shares of Cloudera from $24.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, December 7th. Finally, Zacks Investment Research upgraded shares of Cloudera from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Tuesday, December 11th. Nine investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $19.44.

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Cloudera Company Profile

Cloudera, Inc provides platform for machine learning and analytics in the United States, Europe, and Asia. The company operates through two segments, Subscription and Services. Its platform delivers an integrated suite of capabilities for data management, machine learning, and analytics to customers for transforming their businesses.

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