Cloudera (NYSE:CLDR) Stock Rating Reaffirmed by Barclays

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Cloudera (NYSE:CLDR)‘s stock had its “hold” rating reissued by research analysts at Barclays in a report issued on Friday, AnalystRatings.com reports. They currently have a $10.00 target price on the stock. Barclays‘s price target points to a potential upside of 13.64% from the stock’s previous close.

CLDR has been the topic of several other reports. Morgan Stanley raised their target price on Cloudera from $7.00 to $15.00 and gave the company an “equal weight” rating in a report on Thursday, June 6th. Wedbush cut their target price on Cloudera from $16.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, June 6th. They noted that the move was a valuation call. DA Davidson cut their target price on Cloudera to $9.00 and set a “buy” rating on the stock in a report on Thursday, June 6th. JPMorgan Chase & Co. raised their target price on Cloudera from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Thursday. Finally, ValuEngine upgraded Cloudera from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. One 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 presently 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 Friday, 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 posted its earnings results on Wednesday, September 4th. The company reported ($0.24) earnings per share for the quarter, beating 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 company had revenue of $196.70 million for the quarter, compared to analyst estimates of $182.31 million. During the same period last year, the company earned ($0.08) earnings per share. The business’s 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 news, insider Scott Reasoner sold 10,260 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $6.99, for a total value of $71,717.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kimberly Hammonds sold 7,686 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $5.73, for a total value of $44,040.78. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,617 shares of company stock worth $296,583. 17.90% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. CSat Investment Advisory L.P. acquired a new stake in Cloudera during the second quarter worth about $30,000. Optimum Investment Advisors grew its position in Cloudera by 1,000.0% during the first quarter. Optimum Investment Advisors now owns 3,300 shares of the company’s stock worth $36,000 after buying an additional 3,000 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in Cloudera during the second quarter worth about $51,000. Tower Research Capital LLC TRC grew its position in Cloudera by 457.4% during the second quarter. Tower Research Capital LLC TRC now owns 11,985 shares of the company’s stock worth $63,000 after buying an additional 9,835 shares in the last quarter. Finally, Spearhead Capital Advisors LLC acquired a new stake in Cloudera during the second quarter worth about $65,000. 70.61% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Cloudera (NYSE:CLDR)

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Latest News

Cloudera  Stock Rating Reaffirmed by Barclays
Cloudera Stock Rating Reaffirmed by Barclays
Cloudera  Upgraded at JMP Securities
Cloudera Upgraded at JMP Securities
Citigroup Raises Cloudera  Price Target to $8.00
Citigroup Raises Cloudera Price Target to $8.00
JPMorgan Chase & Co. Boosts Cloudera  Price Target to $9.00
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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