Cloudera Inc (NYSE:CLDR) Major Shareholder Carl C. Icahn Acquires 439,914 Shares

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Cloudera Inc (NYSE:CLDR) major shareholder Carl C. Icahn purchased 439,914 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was purchased at an average price of $5.00 per share, for a total transaction of $2,199,570.00. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of NYSE:CLDR opened at $9.44 on Thursday. The stock has a 50 day moving average of $6.93 and a 200 day moving average of $8.84. The company has a market cap of $2.53 billion, a PE ratio of -8.28 and a beta of 0.77. Cloudera Inc has a 12-month low of $4.89 and a 12-month high of $20.18. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.14.

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 21.07%. The company had revenue of $196.70 million for the quarter, compared to analysts’ expectations of $182.31 million. During the same quarter last year, the business earned ($0.08) EPS. The firm’s revenue was up 78.3% compared to the same quarter last year. Equities research analysts predict that Cloudera Inc will post -1.04 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Strs Ohio bought a new stake in shares of Cloudera during the 1st quarter valued at $169,000. Oppenheimer Asset Management Inc. purchased a new stake in Cloudera in the 1st quarter worth $81,000. Oppenheimer & Co. Inc. purchased a new stake in Cloudera in the 1st quarter worth $156,000. BNP Paribas Arbitrage SA raised its holdings in Cloudera by 1,578.8% during the first quarter. BNP Paribas Arbitrage SA now owns 46,890 shares of the company’s stock valued at $513,000 after acquiring an additional 44,097 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Cloudera by 229.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,069 shares of the company’s stock valued at $230,000 after acquiring an additional 14,674 shares during the period. Institutional investors and hedge funds own 71.92% of the company’s stock.

A number of analysts recently commented on the company. Raymond James cut Cloudera from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 6th. JPMorgan Chase & Co. raised their target price on Cloudera from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, September 5th. Craig Hallum dropped their target price on Cloudera from $22.00 to $14.00 and set an “in-line” rating on the stock in a research report on Thursday, June 6th. Zacks Investment Research upgraded Cloudera from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, JMP Securities raised shares of Cloudera from a “market perform” rating to an “outperform” rating and set a $12.00 price target for the company in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $12.45.

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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