Citigroup Raises Cloudera (NYSE:CLDR) Price Target to $8.00

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Cloudera (NYSE:CLDR) had its price objective raised by Citigroup from $7.50 to $8.00 in a research note published on Thursday, BenzingaRatingsTable reports. Citigroup currently has a neutral rating on the stock.

Several other analysts have also issued reports on CLDR. Raymond James lowered Cloudera from an outperform rating to a market perform rating in a report on Thursday, June 6th. Wedbush cut their price objective on Cloudera from $16.00 to $7.00 and set a neutral rating for the company in a report on Thursday, June 6th. They noted that the move was a valuation call. Craig Hallum cut their price objective on Cloudera from $22.00 to $14.00 and set an in-line rating for the company in a report on Thursday, June 6th. Morgan Stanley increased their price objective on Cloudera from $7.00 to $15.00 and gave the stock an equal weight rating in a report on Thursday, June 6th. Finally, Nomura increased their price objective on Cloudera from $8.00 to $10.00 and gave the stock a buy rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company’s stock. Cloudera currently has an average rating of Hold and a consensus target price of $12.45.

Shares of NYSE:CLDR traded up $0.52 during midday trading on Thursday, hitting $8.80. 18,288,667 shares of the stock were exchanged, compared to its average volume of 9,249,181. 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 52-week low of $4.89 and a 52-week high of $20.18. The business’s fifty day simple moving average is $6.61 and its two-hundred day simple moving average is $8.96. The company has a market capitalization of $2.32 billion, a PE ratio of -7.72 and a beta of 0.77.

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

In other Cloudera news, Director Kimberly Hammonds sold 7,686 shares of the stock in a transaction on Monday, June 17th. The shares were sold at an average price of $5.73, for a total transaction of $44,040.78. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Scott Reasoner sold 10,260 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $6.99, for a total transaction of $71,717.40. The disclosure for this sale can be found here. Insiders have sold 50,617 shares of company stock worth $296,583 over the last three months. Company insiders own 17.90% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. 1492 Capital Management LLC acquired a new position in Cloudera during the first quarter worth $1,009,000. Los Angeles Capital Management & Equity Research Inc. grew its position in shares of Cloudera by 848.7% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 111,382 shares of the company’s stock valued at $1,219,000 after purchasing an additional 99,641 shares during the last quarter. Strs Ohio acquired a new stake in shares of Cloudera in the first quarter valued at about $169,000. Wesbanco Bank Inc. acquired a new stake in shares of Cloudera in the first quarter valued at about $2,881,000. Finally, MetLife Investment Advisors LLC grew its position in shares of Cloudera by 92.7% in the first quarter. MetLife Investment Advisors LLC now owns 86,010 shares of the company’s stock valued at $941,000 after purchasing an additional 41,385 shares during the last quarter. 70.61% of the stock is currently owned by hedge funds and other institutional investors.

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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Latest News

Cloudera  Stock Rating Reaffirmed by Barclays
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Citigroup Raises Cloudera Price Target to $8.00
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JPMorgan Chase & Co. Boosts Cloudera Price Target to $9.00
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Nomura Raises Cloudera Price Target to $10.00
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