Cloudera Inc (CLDR) Short Interest Update

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Cloudera Inc (NYSE:CLDR) was the recipient of a significant growth in short interest during the month of March. As of March 29th, there was short interest totalling 16,015,485 shares, a growth of 34.5% from the March 15th total of 11,905,177 shares. Approximately 6.5% of the shares of the company are short sold. Based on an average daily trading volume, of 6,195,705 shares, the days-to-cover ratio is presently 2.6 days.

A number of brokerages have issued reports on CLDR. Deutsche Bank lowered their price target on Cloudera from $15.00 to $13.00 and set a “hold” rating on the stock in a research report on Thursday, March 14th. DA Davidson reduced their target price on Cloudera to $23.00 and set a “buy” rating for the company in a report on Thursday, March 14th. Needham & Company LLC reduced their target price on Cloudera from $31.00 to $28.00 and set a “strong-buy” rating for the company in a report on Thursday, March 14th. They noted that the move was a valuation call. Morgan Stanley initiated coverage on Cloudera in a report on Tuesday, March 12th. They set an “equal weight” rating and a $16.00 target price for the company. Finally, Zacks Investment Research cut Cloudera from a “buy” rating to a “hold” rating in a report on Tuesday, February 26th. Six equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $18.88.

Shares of Cloudera stock opened at $11.45 on Tuesday. Cloudera has a 12 month low of $10.07 and a 12 month high of $20.18. The company has a market cap of $3.10 billion, a price-to-earnings ratio of -10.04 and a beta of 1.61.

Cloudera (NYSE:CLDR) last posted its quarterly earnings results on Wednesday, March 13th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.16). Cloudera had a negative net margin of 41.30% and a negative return on equity of 30.72%. The company had revenue of $144.50 million during the quarter, compared to analyst estimates of $209.29 million. During the same period in the prior year, the business posted ($0.10) EPS. Cloudera’s revenue for the quarter was up 39.6% compared to the same quarter last year. Equities research analysts expect that Cloudera will post -0.93 EPS for the current fiscal year.

In other Cloudera news, Director Michael A. Stankey purchased 10,000 shares of the stock in a transaction on Thursday, March 21st. The shares were bought at an average price of $11.55 per share, for a total transaction of $115,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert G. Bearden sold 624,934 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $11.60, for a total value of $7,249,234.40. The disclosure for this sale can be found here. 30.90% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of CLDR. Renaissance Technologies LLC increased its holdings in shares of Cloudera by 1,081.1% in the third quarter. Renaissance Technologies LLC now owns 1,591,000 shares of the company’s stock valued at $28,081,000 after purchasing an additional 1,456,300 shares during the last quarter. SHANDA ASSET MANAGEMENT HOLDINGS Ltd increased its holdings in shares of Cloudera by 2,971.4% in the fourth quarter. SHANDA ASSET MANAGEMENT HOLDINGS Ltd now owns 1,228,553 shares of the company’s stock valued at $13,588,000 after purchasing an additional 1,188,553 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Cloudera by 55.5% in the fourth quarter. Deutsche Bank AG now owns 2,550,913 shares of the company’s stock valued at $28,212,000 after purchasing an additional 910,391 shares during the last quarter. Peregrine Capital Management LLC increased its holdings in shares of Cloudera by 119.2% in the first quarter. Peregrine Capital Management LLC now owns 1,593,586 shares of the company’s stock valued at $17,434,000 after purchasing an additional 866,742 shares during the last quarter. Finally, Two Sigma Investments LP increased its holdings in shares of Cloudera by 516.4% in the fourth quarter. Two Sigma Investments LP now owns 1,010,116 shares of the company’s stock valued at $11,172,000 after purchasing an additional 846,238 shares during the last quarter. 81.09% of the stock is owned by hedge funds and other institutional investors.

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About Cloudera

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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