Nomura Raises Cloudera (NYSE:CLDR) Price Target to $10.00

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Cloudera (NYSE:CLDR) had its target price hoisted by Nomura from $8.00 to $10.00 in a research report report published on Thursday morning, The Fly reports. They currently have a buy rating on the stock.

Several other equities analysts have also issued reports on CLDR. DA Davidson decreased their price target on shares of Cloudera to $9.00 and set a buy rating for the company in a report on Thursday, June 6th. Craig Hallum decreased their price target on shares of Cloudera from $22.00 to $14.00 and set an in-line rating for the company in a report on Thursday, June 6th. Bank of America cut shares of Cloudera from a neutral rating to an underperform rating in a research report on Thursday, June 6th. Morgan Stanley boosted their price target on shares of Cloudera from $7.00 to $15.00 and gave the stock an equal weight rating in a research report on Thursday, June 6th. Finally, Needham & Company LLC cut shares of Cloudera from a strong-buy rating to a hold rating in a research report on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $12.45.

CLDR traded up $0.52 during trading on Thursday, reaching $8.80. 18,288,667 shares of the company’s stock were exchanged, compared to its average volume of 9,249,181. The company’s fifty day moving average price is $6.61 and its 200-day moving average price is $8.96. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.36 and a current ratio of 1.36. Cloudera has a fifty-two week low of $4.89 and a fifty-two week high of $20.18. The firm has a market capitalization of $2.32 billion, a PE ratio of -7.72 and a beta of 0.77.

Cloudera (NYSE:CLDR) last released its earnings results on Wednesday, September 4th. The company reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.02. Cloudera had a negative net margin of 46.72% and a negative return on equity of 22.76%. The firm had revenue of $196.70 million during the quarter, compared to analyst estimates of $182.31 million. During the same quarter in the previous year, the business earned ($0.08) EPS. The business’s quarterly revenue was up 78.3% compared to the same quarter last year. Research analysts forecast that Cloudera will post -1.05 earnings per share for the current fiscal year.

In other Cloudera news, CAO Scott Reasoner sold 7,688 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $6.46, for a total transaction of $49,664.48. Following the sale, the chief accounting officer now owns 121,206 shares in the company, valued at approximately $782,990.76. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kimberly Hammonds sold 7,686 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $5.73, for a total transaction of $44,040.78. The disclosure for this sale can be found here. Insiders sold a total of 50,617 shares of company stock worth $296,583 in the last quarter. Company insiders own 17.90% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Optimum Investment Advisors grew its holdings in Cloudera by 1,000.0% during the 1st quarter. Optimum Investment Advisors now owns 3,300 shares of the company’s stock valued at $36,000 after buying an additional 3,000 shares in the last quarter. CSat Investment Advisory L.P. purchased a new stake in Cloudera during the 2nd quarter valued at approximately $30,000. Oppenheimer Asset Management Inc. purchased a new stake in Cloudera during the 1st quarter valued at approximately $81,000. Evolution Wealth Advisors LLC purchased a new stake in Cloudera during the 1st quarter valued at approximately $84,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in Cloudera during the 2nd quarter valued at approximately $51,000. 70.61% of the stock is owned by institutional investors and hedge funds.

Cloudera Company Profile

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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Analyst Recommendations for Cloudera (NYSE:CLDR)

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